Columbus, Ohio – The Ohio Third Frontier Commission has recommended more than $4.9 million in funding through the Ohio Third Frontier Biomedical Program. The companies receiving awards are expected to leverage nearly $11 million of additional investment in Ohio. The awards are contingent upon State Controlling Board approval.
The Ohio Third Frontier Biomedical Program supports research and development to help Ohio companies make progress toward commercializing biomedical related products for future applications. The biomedical sector includes historic Ohio industry strengths such as cardiovascular, regenerative medicine, and orthopedics.
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Fiscal Year 2010 Ohio Third Frontier Biomedical Program Awards
Cardiox Corporation, located in the City of Dublin (Franklin County), in collaboration with Nottingham Spirk Design Associates and QTest Labs, was awarded $986,373 for its Validation and Commercialization of Non-Invasive Detection of Cardiox Shunts project. The project will finalize designs and clinical protocols for a new method for detecting congenital right-to-left shunts or “holes in the heart”. The presence of right-to-left shunts significantly increases the danger of strokes. Recently developed minimally invasive procedures can close the hole, however current detection requires expensive equipment and highly trained personnel. The Cardiox technology provides a low- cost alternative method of detecting and quantifying the shunt.
Case Western Reserve University, located in City of Cleveland (Cuyahoga County), in collaboration with Athersys, Inc. was awarded $1 million for its Clinical Development of MultiStem for Treatment of Spinal Cord Injury project. The project will advance the use of Athersys’ MultiStem as a treatment for regenerating nerve growth in spinal cord injuries through the preclinical stage. MultiStem is a proprietary adult stem cell based therapeutic that has shown the ability to promote nerve growth in model systems. Phase I trials in humans are expected at the end of the project period.
Lanx, Inc., currently located in the City of Broomfield, Colorado, in collaboration with The Ohio State University, OrthoNeuro, Cleveland Clinic, Ohio Spine Network, American Medical Management, KB Medical, and RBK Spine LLC, was awarded $1 million for its Lumbar Motion Monitor Commercialization in Ohio project. The project will form a new Ohio-based division located in the City of Columbus to finalize the design and commercialization of a device to measure range of lumbar motion in patients with back injuries. The new device will provide physicians with more detailed, objective information to more accurately diagnose the location and extent of injury to enable more effective treatment.
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OrthoHelix Surgical Designs, Inc., located in the City of Medina (Medina County), in collaboration with Hudak, Shunk & Farine Co. LPA, and Orthopedic Research Laboratories, was awarded $1 million for its Mini/Mega MaxLock Extreme Orthopedic Implants project. The project will finalize design for a variable angle locking technology and incorporation into extremity plating systems designed specifically for the foot, ankle, and hand. The technology improves options available to orthopedic surgeons inserting screws and plates to treat trauma and reconstruction in extremities.
SpineForm LLC, located in the City of Cincinnati (Hamilton County), in collaboration with Cincinnati Children’s Hospital Medical Center, University Hospitals Case Medical Center, Reynolds Consulting, and E-Prime Group, was awarded $999,250 for its Clinical Study and Commercialization of an Idiopathic Scoliosis Growth Modulation System project. The project will support clinical studies of SpineForm’s HemiBridge System, which addresses the need for non-fusion treatment of progressive scoliosis (deformity of the spine during juvenile and adolescent growth).
For more information about Ohio Third Frontier, please visit www.OhioThirdFrontier.com
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