TechTown’s SciTech honored for cancer research

SciTech, a Wayne State University spin-off company located in TechTown, is gaining acclaim for a promising anti-cancer drug research that could potentially save thousands of lives from pancreatic and other deadly cancers.

Excerpt:

SciTech has been chosen by the National Institutes of Health
Commercialization Assistance Program to present at the Larta
Institute’s 2008 Venture Forum, the largest and longest running
showcase of early stage innovation and ntrepreneurship. SciTech also
has been chosen to present at the 2008 Michigan Growth Capital
Symposium, where investors meet the “Best of the Midwest” in emerging
technologies. 

“SciTech has a promising anticancer drug,” said NIH-CAP Principal
Advisor Louis Scarmoutzos, a member of the NIH committee that selected
SciTech to participate in the Larta forum. “It shows a great deal of
probability of being successful, which is no small feat. There’s a vast
minefield of drug candidates that have failed. One of the unique
features of SciTech’s drug is that it has been used in good model
systems that include human data. SciTech actually has the right mix of
science and business acumen.”

Read the entire article here.