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Foundation Venture Capital Group Invests in UMDNJ Company Working to Improve Leukemia Treatments
Date:3/23/2009

activity. The company is also looking at Leukotoxin for use in autoimmune diseases such as psoriasis, rheumatoid arthritis, multiple sclerosis, lupus, Crohn's disease and ulcerative colitis.

"While there are numerous drug candidates under development for treating various forms of leukemia, Dr. Kachlany's approach to utilizing Leukotoxin is one that we think could have significant benefits," explained George F. Heinrich, M.D., vice chair and CEO of Foundation Venture Capital Group.

Foundation Venture Capital Group was founded in 2006 to invest only in commercially viable new start-up companies developing technology at the University of Medicine & Dentistry of New Jersey. Since that time it has invested in three other UMDNJ companies including Longevica Pharmaceuticals, Inc. which is developing a chemoprotective agent that may keep normal cells healthy during cancer treatments; CellXplore, Inc., a company engaged in the development of biomarker-based in vitro diagnostic assays for cancer, initially focusing on breast cancer and Snowdon Pharmaceuticals, a drug discovery company focused on several major therapeutic areas.

For more information, contact James Golubieski, president of Foundation Venture Capital Group, at (732) 235-5400 or at jgolubieski@njhf.org.


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SOURCE Foundation Venture Capital Group, LLC
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