0 million from LSDF
to support the advancement of the company's GPCR program.
TLC has found a workable model, and having supported the developmental stages through partner financial contributions, an LSDF
grant has now ensured that OSCR will soon be a fully working application.
executive director John DesRosier stated: "Our track record shows that LSDF
grants help commercialize major medical breakthroughs and attract private funding from external investors.
The Life Sciences Discovery Fund, a Washington state agency established in May 2005, makes grant investments in innovative life sciences research and development to benefit Washington and its citizens.
As stated in the LSDF
press release: "LSDF
created the Proof of Concept granting program to nurture the vitality and competitiveness of Washington's life sciences innovation community and help convert its 'intellectual capital' into tangible products that enhance the economic and physical health of our communities," stated John DesRosier, LSDF
support will enable Sage to add dedicated software engineers and systems biologists to its growing team of network and computational biologists located on the campus of the Fred Hutchinson Cancer Research Center in Seattle.
In return, Vulcan Capital and LSDF
have a right to receive a percentage of net proceeds generated by the GPCR program.
This group of awardees is the fifth to be funded by LSDF
through the tobacco settlement mechanism.
award provided critical funding to complete the first phases of three new vaccine projects and the ability to secure funding for the rest of the development process.
Funding for the winter commercialization grants comes from donations to LSDF
for grant-making purposes by Amgen, the Bill & Melinda Gates Foundation, Group Health Cooperative, Microsoft Corp.
We are proud to award the LSDF
program grants to such valuable scientific and public health research endeavors," said Executive Director Lee Huntsman.
2009 project grants will support focused investigator-initiated research.