New Dallas biotech firm the result of unique public-private partnership

DALLAS Sept. 16, 2003 Research pioneered at UT Southwestern Medical Center at Dallas has led to the formation of Reata Discovery Inc., a Dallas biopharmaceutical company with $5.2 million in start-up financing and statewide and international business partnerships.

Reata, created by an unusual public-private partnership, is different in that its drugs in development are further along in the Food and Drug Administration's approval process than most start-up firms' compounds, and it possesses platform technologies aimed at discovering news drugs to treat both cancer and neurodegenerative disorders such as Alzheimer's disease, Parkinson's disease, and amyotrophic lateral sclerosis. In contrast, most biotechnology startups stake their survival on one discovery or technology. Two of Reata's lead compounds are positioned to enter human testing in 2004.

"This is exciting news for UT Southwestern, but it's more exciting for the city of Dallas and the biotech industry in Dallas-Fort Worth," said Dr. Dennis K. Stone, vice president for technology development at UT Southwestern.

The public-private partnership is the result of a three-year effort by many individuals to assemble top-tier technologies into a company that is both broad and focused broad in the sense that there are seven sets of technologies, each of which could be an entity unto itself; focused in that the technologies can be advanced through a single management platform, Dr. Stone said.

Discoveries from UT Southwestern, as well as partnerships with UT M.D. Anderson Cancer Center in Houston and several Asian companies, are at the heart of the company's technologies.

"Reata is the result of a lot of work by individuals committed to developing world-class therapeutics in Texas," Warren Huff, chief executive officer, said. "In Reata, we have combined clinical candidates, drug discovery platforms and the support of renowned scientists from leading Texas research institutions

Contact: Steve OBrien
UT Southwestern Medical Center

Page: 1 2 3

Related medicine news :

1. Massive weight loss conference Dallas April 1-2
2. Donald W. Reynolds Foundation awards UT Southwestern $12 million to continue Dallas Heart Study
3. Childrens Cancer Fund brings world-class pediatric cancer specialist to Dallas
4. Chemists honor Heroes for biotechnology achievements in health
5. OHSU chemoprotectant technology licensed for biotechnology development
6. Americans support FDA food biotech policies
7. New studies show mixed results on epilepsy drugs and birth defects
8. Study of obese diabetics explains why low-carb diets produce fast results
9. Sharing clinical trial results with participants may be beneficial
10. Emergency clopidogrel could save thousands of lives46,000-patient heart attack trial results
11. Similar results found in both older and younger patients undergoing weight-loss surgery

Post Your Comments:

(Date:5/27/2020)... Va. (PRWEB) , ... May 27, 2020 , ... ... continuously operating private radiology practices in the United States, has aligned with the ... member from the state of Virginia to join the SR coalition, which has ...
(Date:5/26/2020)... ... 26, 2020 , ... Sex educator, activist, humanitarian, and Wicked Pictures star ... received the 2020 AASECT Audio Visual Award for jessica drake's Guide to Wicked Sex: ... kind to feature non-actors in its demonstrations and narratives and was produced and distributed ...
(Date:5/21/2020)... Minn. (PRWEB) , ... May 21, 2020 , ... ... medical device manufacturer, announces its first milestone to deliver over one million FDA-compliant ... eight weeks. Summit Medical Face Shields meet the critical need for personal protective ...
(Date:5/21/2020)... , ... May 21, 2020 , ... ... at Home Order” will be lifted on May 28th and all businesses will ... for local companies returning back to work. , As an essential business, AmeriCare ...
(Date:5/21/2020)... ... May 21, 2020 , ... JNL Technologies Inc. ... announced the release of the SafeHealth screening software. This tool allows companies ... for additional staff or the cost of additional paperwork management. , SafeHealth allows you ...
Breaking Medicine News(10 mins):
(Date:5/21/2020)... ... May 21, 2020 , ... Rapid Application Group ... to deliver thousands of critical Personal Protection Equipment (PPE) devices to local first ... production work, the three companies teamed together to start production of face shields ...
(Date:5/21/2020)... , ... May 21, 2020 , ... ... healthcare providers nationwide began implementing telehealth solutions in order to continue seeing patients ... Updox , the place for virtual care and complete healthcare communications, conducted ...
(Date:5/21/2020)... ... May 21, 2020 , ... Sindledecker ... The offices had been closed due to the coronavirus pandemic and the practice ... field. The office has remained open only for emergency needs and the staff, ...
Breaking Medicine Technology:
Cached News: