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Foundation Venture Capital Group Commits Second Round of Funding to Actinobac Biomed
Date:2/21/2013

ubieski , president of Foundation Venture Capital Group, "and are hopeful that Actinobac's work will provide a viable treatment in the not too distant future to increase survival rates for these white blood cell diseases."

Dr. Kachlany, also an associate professor of oral biology, microbiology and molecular genetics at UMDNJ-New Jersey Dental School, discovered the potential therapeutic uses of Leukothera®  during the course of his research at the dental school.

"Our goal is to demonstrate that Leukothera® prolongs life and treats disease, in dogs and in humans," he explained.

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

About Foundation Venture Capital Group

Foundation Venture Capital Group, an affiliate of New Jersey Health Foundation, invests in commercially viable new start-up companies developing technology by faculty at or affiliated with the University of Medicine and Dentistry of New Jersey.  In addition to Actinobac, FVCG portfolio companies currently include: 

  • 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,
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SOURCE New Jersey Health Foundation
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