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Foundation Venture Capital Group Investment Shows Promise in Diagnosis of Alzheimer's Disease Using a Drop of Blood
Date:8/3/2011

s that can stop or slow the progression of the disease."

As many as 5.3 million Americans, and 35 million people worldwide, are living with Alzheimer's disease, a devastating neurodegenerative illness characterized by memory loss, cognitive decline and widespread destruction of neurons in the brain.  

"Today, there is no definitive diagnosis for AD and no treatment to cure it," said George F. Heinrich, M.D., vice chair and chief executive officer of Foundation Venture Capital Group.  "We are thrilled to have played such an important role in helping to make this discovery possible.  It could represent a huge leap forward in the efforts to thwart this devastating disease."

For more information, contact James M. Golubieski, president of FVCG, at (908) 731-6601 or at jgolubieski@njhf.org.

About Foundation Venture Capital Group
Foundation Venture Capital Group, an affiliate of New Jersey Health Foundation, was founded in 2006 to invest in commercially viable new start-up companies developing technology by faculty at UMDNJ. In addition to Durin Technologies, it has invested in:  

  • Actinobac Biomed Inc., developing a therapeutic agent targeting blood cells for the treatment of hematological malignancies;  the same agent seems to help in the treatment of other autoimmune diseases like psoriasis
  • 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; it has also developed technologies to diagnose mastitis
  • Celvive, Inc., working to develop technology to treat patients with chronic spinal cord injuries with their own adult stem cells
  • Longevica Pharmaceuticals, Inc
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SOURCE New Jersey Health Foundation
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