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Home » Node » 3rd Quarter 2011 UK EconDev News
3rd Quarter 2011 UK EconDev News
UK spinoff CoPlex Therapeutics announces license with Hawthorn Pharmaceuticals to develop a treatment for Alzheimer's
CoPlex Therapeutics has signed a global license agreement for hawAD14, a preclinical oral small molecule candidate for the treatment of Alzheimer's and other neurodegenerative diseases. Hawthorn Pharmaceuticals, a commercial-stage specialty drug company, will develop and commercialize hawAD14, which has the potential to slow the progression of the disease. UK chemistry professors, Sanders-Brown Center on Aging researchers, and CoPlex founding scientists Mark Lovell and Bert Lynn discovered the compound. John Beran is CEO for CoPlex and sister company Scout Diagnostics. read more
Commercialization workshop series kicks off Oct. 13 with "Protecting your IP"
UK research faculty and staff and community entrepreneurs will learn about intellectual property protection at the first of a five-part series on Oct. 13, 4-6 p.m. at the Hilary J. Boone Center on the UK campus. The workshops are sponsored by the Von Allmen Center for Entrepreneurship and the Lexington ICC. read more
UK technology and spinoff company part of Neogen's animal safety success
Neogen, the international animal and food safety giant, has Kentucky roots that date back 20 years when the company took interest in technology developed by the University of Kentucky and one of its first successful spinoff companies WTT. read more Read more on Neogen's Lexington expansion announcement.
BBDP offers rent subsidy to out-of-state tech companies to relocate
The Bluegrass Business Development Partnership is offering a rent subsidy up to $10,000 to out-of-state high-tech companies with Phase II SBIR or STTR awards that relocate to Lexington. read more
State leverages federal funds to provide $155 million in small business loans
The state announced three small business lending programs that will provide Kentucky's small businesses with access to nearly $155 million in new loans to help with job creation across the commonwealth. read more
New Intellectual Property Committee announced
Bruce Webb, UK virology & molecular genetics professor and co-founder of ParaTechs, will chair this year's IP committee. Other members include Brad Anderson, pharmaceutical sciences; Czarena Crofcheck, biosystems & agricultural engineering; Todd Hastings, electrical & computer engineering; Brian Rymond, biology; Peter Spielmann, biochemistry; Daret St. Clair, toxicology; Bert Lynn, chemistry; Gary Van Zant, internal medicine; and Bruce Walcott, electrical & computer engineering. read more
UK Spinoff companies featured in Market Review
Seikowave (above) was among the six UK spinoff companies with new licenses featured in the 2011-2012 Market Review by the Lane Report. Seikowave is led by UK engineering faculty member Daniel Lau, right, and his business partner, Matt Bellis. Other spinoffs include Direct i2i Technologies, Medical Scan Technologies, Summit Biosciences, TrackFive Diagnostics and XtremeCarbons.
Eastern State Hospital takes shape at Coldstream; construction begins on new BCTC campus
As part of a three-way swap, the new Eastern State Hospital at UK's Coldstream Research Campus should be completed by December 2012, and the $28.3 million Bluegrass Community and Technical College building is expected to open by spring 2013. UK will take over BCTC's buildings on the UK campus. read more
Also read Governor Steve Beshear and state officials break ground on the Eastern State Hospital at Coldstream Research Campus.
Four UK-affiliated companies receive federal SBIR-STTR awards and Kentucky matching funds
ATI, 3H Company, nGimat, and Orthopeutics received federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) awards that were matched for a total $1 million by the state. read more
Also read Business Lexington's Small Business Innovation Research program provides grants to further R&D at budding companies featuring UK-affiliated customKYnetics that has received 11 SBIR Phase I and four Phase II grants to develop rehabilitation engineering products.
Lexington ICC helped area tech companies create 177 jobs
Client companies created 128 high-tech jobs with $75,085 average annual salary and 49 non-high tech jobs with $31,414 average annual salary in 2010-2011. read more
UK medical device spinoff moves into ASTeCC
W-Z Biotech, founded in 2009 by Dr. Jay Zwischenberger, surgery, and Dr. Dongfang Wang, cardiothoracic surgery, specializes in the development of novel medical devices for cardiopulmonary surgery and hyperthermia delivery systems for lung cancer therapy. read more
3rd quarter patents
See www.EconDev.uky.edu for a complete list of UK's 2011 patents. Congratulations to the following UK research faculty, staff and collaborators.
Udeni B. R. Balasuriya, Peter Timoney and Jianqiang Zhang, veterinary science and Gluck Equine Research Center #8,012,735
Jayakrishna Ambati, ophthalmology & visual science #8,008,092
Joe Chappell and Tom Niehaus, plant & soil sciences, Shigeru Okada (Tokyo, Japan), and Tim Devarenne (Bryan, Texas) #7,985,568
Thomas Burke (deceased), pharmaceutical sciences, Dennis Curran (Pittsburgh, Pa.), and David Bom (Pittsburgh, Pa.) #7,982,041
Joe Chappell and Shuiqin Wu, plant & soil sciences, Michel Schalk (Collonges-Sous-Saleve, France), Athony Clark (West Windsor, N.J.) #8,017,835
UK research news