SFU Spin-Off Company To Research Promising Antibacterial Agents

A Simon Fraser University professor's research into new chemical structures that may combat antibiotic-resistant bacteria has attracted a $750,000 round of financing led by the Western Technology Seed Investment Fund (WTSIF). The deal, fostered by SFU's University/Industry Liaison Office, includes formation of a new spin-off company, Chirologix Pharmaceuticals Inc.

Saul Wolfe, an organic chemistry professor who holds some 40 patents in the field of antibiotics research, will serve as Chief Scientific Officer of the new company, which he has co-founded with Hugh MacNaught of WTSIF, who will hold the position of president and CEO.

"WTSIF reviews about 250 technologies a year and invests in about five of them," says MacNaught. Wolfe's research attracted attention, he says, because of the worldwide concern about antibiotic-resistant bacteria. "Antibiotics are a $25 billion (U.S.) annual market," he says. "When Dr. Wolfe synthesizes compounds effective against resistant strains of bacteria, clinical practice will benefit significantly, and the commercial potential will be immense."

SFU's University/Industry Liaison Office director Michael Volker is optimistic about this latest spin-off company, in which SFU holds an equity interest. "We often have promising technologies," he says, "but here we have all three components needed for the first stage of forming a real company - technology, investment and management."


Contact: Deborah Stupnikoff
Simon Fraser University

Page: 1

Related biology news :

1. Ferr-Damar wins 2004 Eli Lilly and Company Research Award
2. Open access initiative from the Company of Biologists
3. ESA Corporate Award winner 2001: Weyerhaeuser Company Limited British Columbia Coastal Forest Project Team
4. Warner-Lambert Company gift creates bioinformatics program
5. New Company Formed Through Licensing Of Cardiac-Hypertrophy Technology From Texas Institutions
6. Move Over, Protein Kinase C, Youve Got Company: Munc13-1 Is A Novel Diacylglycerol Target That Modulates Neurotransmitter Release
7. Perkin-Elmer, Dr. J. Craig Venter, And TIGR Announce Formation Of New Genomics Company
8. New Company To Turn UNC-CH, Army Inventions Into Improved Vaccines
9. Florida Company Using ORNL Technology For Revolutionary Wheelchair
10. Researchers determine genetic cause of Timothy syndrome
11. Researchers find color sensitive atomic switch in bacteria

Post Your Comments:

(Date:6/4/2019)... , ... June 04, 2019 , ... ... of orthopedic medical devices, today announced Q1-19 revenues of $31M, up 12% from ... with successful roll-out of strategic investments & operational excellence initiatives worldwide. , ...
(Date:6/4/2019)... ... ... Lajollacooks4u is delighted to announce it has been named as one of ... only to businesses that have achieved consistently outstanding traveler reviews on TripAdvisor, as well ... qualify for the Certificate of Excellence –- an award that only 10 percent of ...
(Date:5/31/2019)... , ... May 30, 2019 , ... ... testing company, and Mayo Clinic, have documented significant differences in the prevalence of ... and ethnic populations compared to non-Hispanic White women. Results will be presented at ...
Breaking Biology News(10 mins):
(Date:5/31/2019)... ... May 30, 2019 , ... A study ... efficient delivery system for the sustained release of human placental stem cell (HPSC)-derived ... was able to deliver CM into the injured kidney, where it helped restore ...
(Date:5/15/2019)... ... 15, 2019 , ... Milton Hershey School® has named William Charles Ballough Harding ... biomedical industry, where he is changing lives by creating solutions to global healthcare challenges ... the vision of our founders – Milton and Catherine Hershey – who always hoped ...
(Date:5/14/2019)... LA JOLLA, Calif. (PRWEB) , ... May 14, 2019 , ... ... announces an office expansion, effectively doubling its space from 2,500 to 5,000 square feet. ... SneakPeek Early Gender DNA tests ,” says Gateway Genomics CEO, Chris Jacob. “The ...
(Date:5/4/2019)... Brazil (PRWEB) , ... May 03, 2019 , ... ... given by the President of the Dakila Pesquisas Association, the scientist and ufologist ... Councilmen 2019, in Brasília (DF). Urandir detailed the results of some research carried ...
Breaking Biology Technology:
Cached News: