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Highlights of Economic and Business Growth in the Tampa Bay Region
Date:1/11/2010

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USF Patented Drug at Center of Major Venture

A drug created and patented by a team of University of South Florida researchers is at the center of an announced deal between global pharmaceutical company AstraZeneca PLC and Targacept, Inc., potentially earning the university its most lucrative patent royalties to date. The drug, TC-5214, is the invention of USF researchers Paul Sanberg and Douglas Shytle, retired USF psychiatry professor Archie Silver and former student Mary Newman. In December, AstraZeneca and Targacept announced a collaboration and license agreement for the global development and commercialization of TC-5214 as it enters its final stages of testing. TC-5214 is viewed as a promising alternative to antidepressants currently on the market, about half of which do not work for people who suffer from depression. Earlier studies have found TC-5214 - an adjuvant medicine - more effective for those who have not been helped by commonly used drugs, and with fewer side effects. The decade-long effort to develop the drug received early support from the Florida High Tech Corridor. (Contact: Vickie Chachere, (813) 974-6251 or vchachere@admin.usf.edu)

Micro Star Innovation Announces Tampa Bay Expansion Plans, Adding 30 Jobs

Micro Star Innovations announced expansion plans to double its existing Pinellas County facility to 30,000-square-feet and add 30 new jobs that will pay 150% of the average annual wage. Micro Star Innovation specializes in scientific molding techniques and insert over-molding capabilities, providing its customers with a one-stop shop for their medical device, automotive compo
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SOURCE Tampa Bay Partnership
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