NH Division of Economic Development
YouTube Facebook Twitter Twitter
Why New Hampshire Move Start Grow About Us

Posts Tagged ‘Adimab’

Sen. Shaheen Announces More Than $2.6M for NH Biomedical Companies

Friday, November 5th, 2010

U.S. Senator Jeanne Shaheen today announced that 12 New Hampshire biomedical companies have been awarded a total of $2,643,949.37 to help develop new medical therapies, address unmet medical needs, and reduce the long-term growth of health care costs.  The grants were created by the Patient Protection and Affordable Care Act as part of the Therapeutic Discovery Project program, which will help small biotechnology companies in New Hampshire and across the country produce new and cost-saving therapies, support good jobs and increase U.S. competitiveness.  

U.S. Senator Jeanne Shaheen

U.S. Senator Jeanne Shaheen

“New Hampshire has long been a leader in the development of cutting-edge medical technologies and therapies,” said Shaheen.  “These grants will make sure that these innovative companies and entrepreneurs can continue to grow and invest, which will keep our state competitive in this emerging industry and create jobs for New Hampshire families.” 

The Therapeutic Discovery Project program is targeted to projects that show significant potential to produce new therapies, address unmet medical needs, reduce the long-term growth of health care costs, or advance the goal of curing cancer within the next 30 years.  The allocation of the funding also reflects which projects show the greatest potential to create and sustain high-quality, high-paying jobs in the United States and to advance our competitiveness in the fields of life, biological, and medical sciences.  Today, the biotechnology industry employs 1.3 million workers, and the industry continues to be a key growth engine for our economy. 

The grants cover up to 50 percent of the cost of qualifying biomedical research and are only available to firms with fewer than 250 employees.  To provide an immediate boost to U.S. biomedical research and the small businesses that conduct it, the grants are effective for investments made in 2009 and 2010.   

The companies that are receiving grants are:  

Adimab, Inc: Lebanon

Allyon Solutions, LLC:  Hanover

Alternative System Concepts, Inc.:  Windham

Balch Hill Medical, Inc:  Hanover

Celdara Medical, LLC:  Lebanon

Design Mentor Inc:  Pelham

ImmuRX:  Lebanon

Kaonyx Labs, LLC:  Durham

Mantis Enterprises LLC:  North Hampton

Microwave Imaging System Technologies Inc.:  Hanover

Novoculi Inc:  Hanover

Xemed LLC:  Durham

NH Bio/Medical Council Announces Winners

Friday, October 9th, 2009

Here’s a press release passed on to us by our friends at the New Hampshire Bio/Medical Council. Congrats to our own Cindy Harrington for capturing the “Conduit Award” as well to all of the other recipients!

The New Hampshire Bio/Medical Council honored industry, government and educational leaders at their gala annual awards dinner held at Wentworth-by-the-Sea Country Club. The event drew over 100 professionals from all over New England for cocktails, dinner, power networking and the awards ceremony all to the sounds of live big band jazz.

Lin Tamulonis, Great Bay Community College, Cynthia Harrington, New Hampshire Division of Economic Development and Rick Alteri, Salient Surgical Technologies celebrate their awards at last night's banquet.

Lin Tamulonis, Great Bay Community College, Cynthia Harrington, New Hampshire Division of Economic Development and Rick Alteri, Salient Surgical Technologies celebrate their awards at last night's banquet.

Paula Newton, president of the New Hampshire Bio/Medical Council and chairman of NEBA (New England Biotech Association), was the emcee for the evening. Speeches were delivered by Will Arvelo, President of Great Bay Community College, Commissioner George Bald of the New Hampshire Department of Resources and Economic Development, and Jackie Eastwood, founder of Salient Surgical Technologies (formerly TissueLink Medical) and keynote speaker for the event.

Jackie Eastwood’s keynote address was wildly entertaining as she reminisced about spending over a decade enduring Minnesota winters then moving back to New Hampshire “for the weather.” Her message was to stay encouraged, look for more than money from your investors, and to stay in New Hampshire. She went on to tell a story about a top shelf, venture capitalist from Silicon Valley who was too busy and too important to spend more than a few interrupted minutes on his cell phone at their prearranged investment briefing. She got up and walked out.  He walked into a closet, accidentally.  After finding other investors who were interested in partnering and sharing in her success, she co-founded TissueLink Medical now Salient Surgical Technologies, a publically traded company.

During the awards ceremony, the board of directors presented the following awards:  Innovation Award to Salient Surgical Technologies accepted by Rick Alteri, CFO;  Leadership Award to Gregg Fairbrothers and the Dartmouth Regional Technology Center accepted by Jonathan Gould, President; Up & Coming Award to Adimab, accepted by Gravin Barnard, an alliance manager for Adimab; Higher Education Award to Great Bay Community and Lin Tamulonis College, accepted by Lin Tamulonis;
Spirit & Inspiration awarded to Nancy Briefs of Elemé Medical, accepted by Robin Mendenhall; and the Conduit Award to Cynthia Harrington of the New Hampshire Division of Economic Development.

The Council looks forward to continued momentum and enthusiasm from this event by professionals who have been waiting get more involved, network, and help each other grow life sciences in the state of New Hampshire. For more information visit: www.nhbiomed.org.