December 6, 2022

Small Business

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Raptamer Discovery Team Awarded the Modest Enterprise Administration Tibbetts Award for Demonstrating Considerable Economic and Social Effects from R&D Funding

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HOUSTON, Jan. 23, 2021 /PRNewswire-PRWeb/ — The U.S. Little Company Administration (SBA) declared that Raptamer Discovery Team is 1 of only 38 organizations, seven corporations and 14 men and women in the state to obtain the prestigious Tibbetts Award for their achievements in creating reducing-edge technologies. The Tibbetts Award, named following Roland Tibbetts, the founder of the Small Company Innovation Analysis (SBIR) Method, honors these awardees for the excellent successes they have achieved via SBA’s SBIR and Small Organization Know-how Transfer (STTR) systems.

“I am incredibly proud that Houston’s technological innovation ecosystem assists in the conception and growth of revolutionary organizations this sort of as Raptamer Discovery Team. It is with good honor and privilege that we identify their accomplishment, and continue on to help their efforts,” mentioned Tim Jeffcoat, District Director in Houston of the U.S. Modest Organization Administration.

Raptamer Discovery Team, previously termed AM Biotechnologies, leverages revolutionary and proprietary know-how to produce Raptamers, which are following-era DNA aptamers that have exceptional chemical qualities to obtain greater-affinity binding and greater specificity as opposed to standard aptamers. The Raptamer technological innovation, very first produced by Dr. David Gorenstein’s laboratory at the College of Texas Medical Branch and obtained by Fannin Innovation Studio in 2019, has industrial apps in therapeutics, and exploration and scientific diagnostics. To day, Raptamer Discovery Group has created Raptamers for much more than 60 international customers.

“We are delighted to have obtained this award for Raptamer Discovery Team which, alongside with the Tibbetts Award that Fannin Innovation Studio gained in 2016, supplies even further scientific and company validation of our model and eyesight,” explained Dr. Atul Varadhachary, Managing Partner at Fannin Innovation Studio. “We are thrilled by the analysis and scientific utility of the Raptamer technologies, and its broad application throughout therapeutics and diagnostics like biomarker discovery in several health conditions, for which we at present have an SBIR grant.”

The SBIR/STTR application funding has been instrumental in Raptamer Discovery Group’s complex and business achievement. The funding has led to a lot of improvements, together with 12 patents, and has enabled the workforce to acquire the innovative technology into a profits-making business with a 14-year heritage. The firm’s industrial success has also permitted it to grow into two new lab areas and make in excess of 16 whole-time jobs – all milestones that would have been unachievable without SBIR/STTR funding.

“Commercialization of this novel know-how, which brings together the speedy era of numerous lead compounds with inexpensive scalability, is a terrific demonstration of how the governing administration, academia, and modest businesses can come together to launch modern products,” added Dr. David Gorenstein, founder of the Raptamer engineering.

About Raptamer Discovery Team
AM Biotechnologies, LLC (dba Raptamer Discovery Team) has produced Raptamers for additional than 60 global shoppers, has received around $6 million in investment decision, and $7.5 million of non-dilutive funding from agencies, including: the Nationwide Aeronautics and Space Company (NASA), Nationwide Institutes of Wellness (NIH), and the Defense State-of-the-art Investigate Jobs Company (DARPA). The firm has also secured funding from corporations such as the Monthly bill & Melinda Gates Basis, which funded the corporation in an energy to assistance target malaria in source-restricted nations. For extra information and facts, go to http://www.raptamer.com, or e mail us at [email protected]

About Fannin Innovation Studio
Houston-primarily based Fannin Innovation Studio is an early-phase lifetime sciences progress team centered completely on commercializing biotech and medtech technologies. Fannin generates and manages startups to produce internal and in-licensed courses. To further bridge the commercialization gap, Fannin’s fellowship and internship programs offer aspiring business owners with hands-on progress experience with its portfolio firms. Fannin was a recipient of the Tibbetts award in 2016 and is a 3-time SBA Growth Accelerator Award winner. For far more info, stop by http://www.fanninInnovation.com, or e mail us at [email protected]

For Much more Details:
Raptamer Discovery Group
[email protected]
713.966.5844

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Serena Miggins, Fannin Innovation Studio, +1 7139665844, [email protected]

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