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Mimetic Solutions chooses UK for smart-release drug lab
LEXINGTON, Ky. (May 23, 2007) − Mimetic Solutions LLC has chosen the University of Kentucky’s on-campus business incubator, the Advanced Science and Technology Commercialization Center (ASTeCC), as the location for its research and development lab in smart-release drug-delivery technology.
Mimetic Solutions is a biopharmaceutical startup that focuses on smart-release chemistry, including finely tuned drug and chemical releases in response to specific biomarkers. The first application of the technology likely will be smart release of insulin in response to blood glucose levels in diabetic patients.
Brian Windsor, managing director of Mimetic Solutions, attributed the selection of UK to "the state-of-the-art facilities and the scientific environment the University of Kentucky offers."
The company’s R&D lab in ASTeCC will be headed by UK chemical engineering assistant professor Zach Hilt and University of Texas at Austin chemical engineering professor Nicholas Peppas. Hilt and Peppas worked on the core technology on which Mimetic is based. They are co-editors of one of the first nanotechnology books in the field of therapeutic drug delivery. Mimetic is managed and funded by Emergent Technologies Inc. of Austin, Texas.
"Mimetic Solutions is at the forefront of the growing field of smart polymer chemistry. Our work will focus on drug delivery using our core Affinimer™ technology, which involves smart polymers that are engineered to release active agents as a result of binding specific bioactive markers, such as the delivery of a therapeutic in response to a key biomarker in a patient’s blood," Hilt said.
"There’s no question that Mimetic Solutions is a great fit with UK’s goal to be a catalyst for faculty startups and new businesses using UK technology. We not only provide incubator space, but we also provide the kinds of business structure support and expertise that are essential in successfully launching a new company," said Len Heller, UK’s vice president for commercialization and economic development.
UK President Lee T. Todd Jr. expressed enthusiasm regarding Mimetic Solutions coming to ASTeCC. "UK has been a leader in pharmaceutical advances for decades, and Mimetic Solutions’ presence here demonstrates the increasing recognition of our commitment to being an economic engine behind the growth of the knowledge-based economy in Kentucky," Todd said.