Navigation Links
Actinobac Biomed Founder Receives Two Awards For Promising New Drug
Date:11/7/2013

NEW BRUNSWICK, N.J., Nov. 7, 2013 /PRNewswire-USNewswire/ -- Scott Kachlany, PhD, founder of Actinobac Biomed, Inc., has received a Thomas Edison Patent of the Year Award from the Research and Development Council of New Jersey and an Innovators Award from the New Jersey Inventors Hall of Fame for his renowned research in discovering new agents in the treatment of leukemias.

Dr. Kachlany, an associate professor of oral biology, microbiology and molecular genetics at Rutgers Dental School of Medicine, discovered the therapeutic uses of Leukothera® during the course of his research at the dental school. His company, Actinobac Biomed, was originally funded with a $500,000 investment in 2009 from Foundation Venture Capital Group (FVCG), LLC., which invested an additional $100,000 in Actinobac in 2013 to help advance its research.

Leukothera® is being tested as a treatment for hematologic malignancies (leukemias & lymphomas), latent infections (HIV/AIDS & tuberculosis) and autoimmune diseases (rheumatoid arthritis, multiple sclerosis, Crohn's disease, type 1 diabetes, Lupus & psoriasis).

"We are gratified that others recognize the exciting potential in Dr. Kachlany's work," said George F. Heinrich, M.D., vice chair and CEO of Foundation Venture Capital Group, "and we join the Research and Development Council of New Jersey and the New Jersey Inventors Hall of Fame in acknowledging the importance of his work."

Leukothera® specifically targets and depletes disease related white blood cells (WBC).  In laboratory studies to date, malignant and proinflammatory white blood cells have been determined to be more sensitive to Leukothera® than normal white blood cells.  Animal studies carried out by Actinobac have shown Leukothera® to possess significant therapeutic activity.

For more information contact James M. Golubieski, president of Foundation Venture Capital Group, at jgolubieski@njhf.org  or visit www.foundationventure.com.

About Foundation Venture Capital Group

Foundation Venture Capital Group, LLC, (www.foundationventure.com) invests in life science start-up companies in New Jersey that want to move their products and ideas to commercialization.  FVCG portfolio companies currently include: 

  • Actinobac Biomed Inc., developing a therapeutic agent targeting blood cells for the treatment of hematological malignancies such as leukemia and lymphomas;
  • Affineti Biologics, Inc.,  advancing research in the development of therapeutic and diagnostic products based on new discoveries in oral biology and dental medicine;
  • CellXplore, Inc., engaged in the development of biomarker-based in vitro diagnostic assays for cancer;
  • Celvive, Inc., working to develop technology to treat patients with chronic spinal cord injuries with their own adult stem cells;
  • Durin Technologies, working to develop a blood test to diagnose Alzheimer's, Parkinson's and other neurodegenerative diseases;
  • GeneAssess, Inc.,  developing a diagnostic tool for more accurate breast cancer staging;
  • Longevica Pharmaceuticals, Inc., developing a chemoprotective agent that may keep normal cells healthy during cancer treatments (FVCG's equity interest in Longevica was sold to Rostock International, LTD, a subsidiary of a Moscow (Russia) based global investment firm);
  • MentiNova, Inc., working to reduce side effects of L-Dopa Induced Dyskinesia;
  • NovoPedics, Inc., developing an implantable meniscus replacement/regeneration medical device to restore mobility to patients suffering from severe meniscus knee injuries;
  • Snowdon Pharmaceuticals, Inc., a drug discovery company focused on several major therapeutic areas.


'/>"/>
SOURCE Foundation Venture Capital Group
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Foundation Venture Capital Group Commits Second Round of Funding to Actinobac Biomed
2. Medical Device Developers - Network at BIOMEDevice Boston Next Week
3. Biomedical Advanced Research and Development Authority (BARDA) Exercises Option with Pfenex Inc. To Extend Contract for the Development of a Recombinant Protective Antigen (rPA) Based Anthrax Vaccine
4. Cardium Announces Agreement With UK-Based Angel Biomedical For Excellagen Supply And Planned European Market Expansion
5. Fluke Biomedical launches speedy new ProSim™ SPOT Light SpO2 Functional Tester
6. Oramed Pharmaceuticals to Present at the 11th National Life Science & Technology Week ILSI-BIOMED Conference; Tel Aviv, Israel, 2012
7. Fluke Biomedical device first to achieve environmentally-friendly label
8. NexGen Biomedical, Inc. Provides New Insights Into Jett Travoltas Seizure Related Death
9. 81,200 Square Foot Lease Extension In San Diego Through 2018 Signed By Vertex Pharmaceuticals And BioMed Realty
10. The Biomedical Device Industry in America: Challenges at Home and Abroad
11. BioMed Diagnostics Microbiology Diagnostic Devices Now Available Worldwide Through Distribution Agreement With VWR International, LLC
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/25/2016)... , May 25, 2016  Zymo Research ... for their new reference materials that help researchers ... sample collection to analyses. The rapid growth of ... for researchers to have standard methods to improve ... generated. Biases inherently exist at every step of ...
(Date:5/25/2016)... , May 25, 2016  Granger Diagnostics today announced ... for wounds and infections. This test ensures discovery ... select viruses. The test requires only a simple swab ... David G. Bostwick , MD, Chief ... facilitate wound healing: "We are excited to make ...
(Date:5/25/2016)... , May 25, 2016 ... 2016"market research report that provides an overview on ... analysis at various stages, therapeutics assessment by drug ... (RoA) and molecule type, along with latest updates, ... reviews key players involved in the therapeutic development ...
Breaking Medicine Technology:
(Date:5/27/2016)... ... May 27, 2016 , ... Aimed at nurses and employees ... which come courtesy of leaders in the nursing and health care industry. It also ... and associations—namely Abilene Christian University. , As the nursing industry is coming out ...
(Date:5/26/2016)... , ... May 26, 2016 , ... Despite last week’s ... expect Janet Yellen and company to wait until March 2017 for an interest rate ... J. Mack Robinson College of Business. , “The Federal Open Market Committee (FOMC) dot ...
(Date:5/26/2016)... ... May 26, 2016 , ... ... of thousands of defective respirators, according to court documents and SEC filings. ... William and Becky Tyler v. American Optical Corporation, Case No. BC588866, Los Angeles ...
(Date:5/26/2016)... ... May 26, 2016 , ... Connor Sports, through its ... partner for the Tamika Catchings Legacy Tour that will commemorate the Indiana ... hardwood basketball surfaces in all forms and levels of the game, Connor Sports has ...
(Date:5/26/2016)... ... May 26, 2016 , ... Cardiac arrhythmia is a common ... long-term patient survival, reports a team of UPMC researchers in the largest study ... Journal of Thoracic and Cardiovascular Surgery, provide critical information that will hopefully lead ...
Breaking Medicine News(10 mins):