N.H. Industrial Research
Center Awards $25,000 Grant to GlycoFi, Inc. of Lebanon
Contact: Denise Hart or
UNH Media Relations
November 17, 2003
DURHAM, N.H.- The New Hampshire Industrial Research Center (NHIRC)
has recently awarded a $25,000 grant to GlycoFi Inc., of Lebanon,
N.H., to support a $52,337 project that aims to improve the productivity
of yeast protein expression systems.
A "Technical Assistance
Grant" is supporting the project
between GlycoFi and Dartmouth College, which if successful, will
the production of bio-engineered protein-based drugs. The remaining $27,337
will come from a federal National Institute of Health Small Business Innovative
Research (NIH SBIR) Phase II grant.
GlycoFi has reengineered yeast and other fungal protein expression systems
to produce fully-humanized glycoproteins. This class of drugs, administered
through injection or inhalation, targets ailments such as various forms of
cancer, multiple sclerosis, hereditary emphysema, growth defects, and anemia.
Tillman Gerngross, the principal investigator for this project, is the co-founder
and chief scientific officer of GlycoFi, Inc. as well as an associate professor
of engineering at the Thayer School of Engineering at Dartmouth. GlycoFi is
sponsoring Dartmouth graduate student Nam Kim to improve the production of
GlycoFi’s yeast-based protein production platform.
Since its creation in 1992, the NHIRC has had an estimated $500 million impact
on the state’s economy and created 3,000 jobs, according to Henry Mullaney,
the center’s director.
The NHIRC was created by the New Hampshire Legislature
and is funded through the Department of Economic Development (DRED). Its goal
is to promote applied
and basic scientific, engineering and associated marketing research and technological
transfer and to support the New Hampshire industrial and business community.
Mullaney estimates the NHIRC contributes $8.7 million a year in additional
tax revenue to the state.
The NHIRC is a wise investment for the people of New Hampshire," says
Mullaney. "We help small companies like GlycoFi to develop new technologies
and stay at the cutting edge of innovation, enabling them to grow and remain
competitive in world markets."
For more information about the NHIRC program, contact Mullaney at 603-862-0123
or visit their website at: http://www.nhirc.unh.edu/