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Hepregen Corporation Receives SBIR Phase II Grant from the National Science Foundation and Presents Corporate Update at OneMed Forum
Date:1/13/2010

New Grant Adds to Hepregen’s Previous NIH Funding and Continued Development of the Company’s Platform for Advanced Toxicity Screening and Drug Discovery

San Francisco, CA and Medford, MA (Vocus) January 13, 2010 -- Hepregen Corporation, a leading provider of bioengineered solutions for drug development, announced today that it has received a Phase II SBIR grant from the National Science Foundation for $500,000. This latest award, in addition to the company’s receipt of a prestigious Challenge Grant from the National Institutes of Health (NIH), along with earlier grant awards, approaches $2.0M in federal funding.

Hepregen will also be a featured speaker this afternoon at OneMedForum, where CEO Bernadette (Bonnie) Fendrock will highlight the company’s successful progress since its Series A financing in 2008 from Battelle Ventures, as well as outline important milestones for 2010 and beyond.

The SBIR Phase II grant received from the National Science Foundation will support Hepregen’s project, "Development of a Human Liver Platform for High-Throughput Screening of Drug-Induced Liver Injury and Drug-Drug Interaction.” The project is currently being lead by Dr. Salman Khetani, co-developer of Hepregen’s platform technology and also Director of Research at the company. The grant, which initiates on January 15, 2010, as well as the previous Challenge grant from the NIH, will be contributors to the company’s growth as Hepregen continues to develop its proprietary HepatoPaC™ technology.    

Hepregen President and CEO Bonnie Fendrock, who cofounded the company, commented, “2009 was an exciting year at the company. With the Series A financing from Battelle Ventures in combination with our grant funding, Hepregen was able to execute on its business plan. Liver toxicity is a leading cause o
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Hepregen Corporation Receives SBIR Phase II Grant from the National Science Foundation and Presents Corporate Update  at OneMed Forum
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