Rutgers spinoff success yields $4.3 million payback to university

NEW BRUNSWICK/PISCATAWAY, N.J. The Rutgers spinoff company, Phytomedics Inc., has signed a new research agreement that will bring almost $4.3 million in grant funding from the company to the university during the next five years. Rutgers will use the funding to stimulate research on botanical therapeutics, which include botanical drugs, nutraceuticals and plant-produced novel proteins. Many botanical therapeutics developed through this research will be natural, scientifically designed and optimized mixtures of plant-produced, health-promoting phytochemicals (natural chemicals in plants) that will supplement or substitute for conventional drugs.

"For centuries people have used plants for healing," said Ilya Raskin, Phytomedics co-founder and professor of plant science at Rutgers, The State University of New Jersey. "The 20th century gave us the 'pill option,' which diminished the historical connection between plants and disease treatment, but now, plants are poised for a comeback as sources of human health products."

Phytomedics is a Dayton, N.J.-based life sciences company that grew out of the laboratories and greenhouses at Rutgers. It focuses on human health care and plant biotechnology with the goal of discovering, developing and manufacturing new plant-based pharmaceuticals, botanical drugs and other related products. It is funded by private investors and the New Jersey Commission on Science and Technology. Phytomedics is currently taking a series of botanical drug candidates through clinical and preclinical development. It is also engaged in the manufacture of novel therapeutic proteins in plants. To date, Rutgers has received more than $2 million in grant funding from Phytomedics.

"The new grant from Phytomedics validates Rutgers' efforts to promote commercial ventures through the transfer of technologies produced by university research," said Joseph J. Seneca, university vice president for academic affairs. "These funds w

Contact: Joseph Blumberg
732-932-7084 x652
Rutgers, the State University of New Jersey

Page: 1 2

Related biology news :

1. Rutgers-Newark biologist links presence of protein to spread of cancerous cells
2. Rutgers-Newark scientist: Mosquitoes may carry lethal parasite
3. Rutgers cancer prevention expert calls for FDA action to reduce colon cancer and osteoporosis
4. Rutgers chemist uses NMR to elucidate protein-DNA interaction
5. Ocean dye to help Rutgers scientists trace Hudson Rivers path miles into the Atlantic
6. Rutgers ecologists and Brooklyn Botanic Garden botanists to plan Beijing Olympics Forest Park
7. Radioactive and toxic waste site plans are a recipe for disaster, says Rutgers sociologist
8. Rutgers researcher offers a new perspective on human evolution
9. Rutgers scientists discover protein in brain affects learning and memory
10. President Bush names Rutgers Evelyn Witkin for nations highest science honor
11. Rutgers geneticist to battle autism with $3.7 million NIH grant

Post Your Comments:

(Date:3/27/2021)... ... March 25, 2021 , ... Phlexglobal announced ... Planet Group, has selected Phlexglobal and its innovative regulatory SaaS software, PhlexSubmission, as ... a comprehensive review of five regulatory software companies, with the review team including ...
(Date:3/27/2021)... ... 25, 2021 , ... The 2021 Virtual Conference on Clinical Trial Supply-Europe ... More and more, clinical trial supply conferences are featuring speakers and forums that ... Asymmetrex’s founder and CEO, James L. Sherley, M.D., Ph.D., presented a talk ...
(Date:3/23/2021)... ... March 23, 2021 , ... G-CON Manufacturing (G-CON), the ... by Matica Biotechnology (Matica Bio), a contract development and manufacturing organization (CDMO) specializing ... the cleanroom build out for its new GMP production facility in College Station, ...
Breaking Biology News(10 mins):
(Date:3/27/2021)... ... March 24, 2021 , ... ... Life Sciences and Healthcare firms of all sizes, adds depth to its team ... specialist. Pardillo, who earned his doctorate in computational chemistry from Florida International University ...
(Date:3/27/2021)... ... March 24, 2021 , ... ABI Wellness, ... and reporting approach designed under CEO Mark Watson, today announced a webinar dedicated ... featuring guest speakers Dr. Cameron Clark, Neuropsychologist and Founder of Sharp Thinking, and ...
(Date:3/27/2021)... ... ... The Xtalks editorial team is pleased to announce the launch of the ... joined by editorial team members Ayesha Rashid, Sydney Perelmutter and Mira Nabulsi to discuss ... including insights from industry experts. , The Xtalks Life Science podcast will feature ...
(Date:3/23/2021)... Conn. (PRWEB) , ... March 23, 2021 , ... ... develops solutions for characterizing microbiome populations down to the strain level, recently unveiled ... applications. , Not all microbes are created equal: some are easy to ...
Breaking Biology Technology:
Cached News: