Raptamer Discovery Group is just one of only 38 businesses, seven businesses and 14 men and women in the region to receive the prestigious Tibbetts Award for their achievements in developing reducing-edge systems.
HOUSTON (PRWEB) January 23, 2021
The U.S. Smaller Business Administration (SBA) announced that Raptamer Discovery Team is just one of only 38 organizations, 7 corporations and 14 folks in the region to obtain the prestigious Tibbetts Award for their accomplishments in creating reducing-edge systems. The Tibbetts Award, named following Roland Tibbetts, the founder of the Small Company Innovation Exploration (SBIR) System, honors these awardees for the outstanding successes they have reached via SBA’s SBIR and Small Business Know-how Transfer (STTR) programs.
“I am incredibly very pleased that Houston’s technology ecosystem assists in the conception and growth of revolutionary enterprises these as Raptamer Discovery Team. It is with great honor and privilege that we identify their accomplishment, and keep on to assistance their initiatives,” stated Tim Jeffcoat, District Director in Houston of the U.S. Smaller Organization Administration.
Raptamer Discovery Group, beforehand known as AM Biotechnologies, leverages impressive and proprietary know-how to create Raptamers, which are upcoming-technology DNA aptamers that have one of a kind chemical houses to obtain larger-affinity binding and increased specificity in comparison to regular aptamers. The Raptamer know-how, very first designed by Dr. David Gorenstein’s laboratory at the University of Texas Healthcare Branch and obtained by Fannin Innovation Studio in 2019, has business applications in therapeutics, and study and scientific diagnostics. To date, Raptamer Discovery Team has formulated Raptamers for much more than 60 worldwide consumers.
“We are delighted to have acquired this award for Raptamer Discovery Team which, alongside with the Tibbetts Award that Fannin Innovation Studio received in 2016, offers even further scientific and business validation of our model and vision,” said Dr. Atul Varadhachary, Running Lover at Fannin Innovation Studio. “We are thrilled by the research and medical utility of the Raptamer know-how, and its wide software throughout therapeutics and diagnostics like biomarker discovery in numerous ailments, for which we currently have an SBIR grant.”
The SBIR/STTR plan funding has been instrumental in Raptamer Discovery Group’s complex and business success. The funding has led to a lot of improvements, which include 12 patents, and has enabled the workforce to develop the revolutionary technology into a profits-building business with a 14-calendar year history. The company’s professional results has also permitted it to expand into two new lab areas and develop more than 16 entire-time employment – all milestones that would have been unachievable without having SBIR/STTR funding.
“Commercialization of this novel technology, which combines the fast generation of many direct compounds with very affordable scalability, is a terrific demonstration of how the authorities, academia, and small companies can appear collectively to start progressive solutions,” added Dr. David Gorenstein, founder of the Raptamer know-how.
About Raptamer Discovery Team
AM Biotechnologies, LLC (dba Raptamer Discovery Group) has produced Raptamers for far more than 60 international customers, has been given about $6 million in investment decision, and $7.5 million of non-dilutive funding from businesses, together with: the Countrywide Aeronautics and Space Agency (NASA), Nationwide Institutes of Wellbeing (NIH), and the Defense State-of-the-art Study Assignments Company (DARPA). The business has also secured funding from companies these types of as the Monthly bill & Melinda Gates Foundation, which funded the business in an exertion to assist target malaria in source-confined nations. For a lot more information, go to http://www.raptamer.com, or electronic mail us at [email protected].
About Fannin Innovation Studio
Houston-based Fannin Innovation Studio is an early-stage lifestyle sciences enhancement group focused solely on commercializing biotech and medtech systems. Fannin creates and manages startups to acquire interior and in-accredited systems. To further bridge the commercialization gap, Fannin’s fellowship and internship courses give aspiring business people with fingers-on development experience with its portfolio companies. Fannin was a receiver of the Tibbetts award in 2016 and is a 3-time SBA Expansion Accelerator Award winner. For more details, go to http://www.fanninInnovation.com, or e mail us at [email protected]
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