User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


58° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Medgene Labs Secures Grant For Breast Cancer Research

July 12, 2013, 7:37 AM

BROOKINGS, SD -

Medgene Labs, a product-development company based in Brookings, has been awarded a grant from the National Institutes of Health for research related to breast cancer.

Medgene will receive Small Business Innovation Research grant funding of more than $135,000 to achieve Phase 1 objectives. Company leadership expects the initial award will lead to Phase 2 grant funding of more than $1 million to advance project development.

Medgene’s research and development is aimed at improving treatment for survivors of breast cancer. Survivors are often at risk for infection because many suffer from lymphedema, a condition in which fluid is retained because of damage to the lymphatic system.

Medgene is focused on developing an effective way to deliver treatments to stimulate the regeneration of the lymphatic system.

“The recent NIH grant awarded to Medgene Labs is an exciting national recognition of the important development being done by a small biotech business in South Dakota. We are fortunate to have a diverse and talented team and good partners to bring new ideas to the market,” says Sue Lancaster, director of operations at Medgene.

“We are very passionate about the opportunity to develop a better treatment to reduce health-care costs and increase the quality of life for breast cancer survivors,” Lancaster says.

Dr.  Alan Young - Medgene’s chief scientific officer - is collaborating on the project with Tranzderm Solutions, another South Dakota-based biotech business focused on solving problems in drug delivery.

Medgene and Tranzderm are portfolio companies of South Dakota Innovation Partners, a venture capital firm with offices in Sioux Falls and Brookings. Innovation Partners assists researchers and research institutions in starting new companies by investing capital and business expertise during the early stages of company development.

Mark Luecke, managing director and CEO of Innovation Partners, says the grant awarded to Medgene is significant for South Dakota, pointing out that the state has not received a Phase 1 grant from the NIH since 2009 and has received only three since 2003.

“Innovation Partners is working very hard with its partners to change this trend,” Luecke says. “This award helps elevate our efforts.”

Innovation Partners is working closely with the Governor’s Office of Economic Development and local economic development organizations, the Small Business Development Center, regional universities and health systems, and industry leaders to generate more research business in South Dakota.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Millions Of Android Phones At Risk For Heartbleed

4/15/2014 4:10 PM

If you've got an Android phone, your device could be susceptible to the Heartbleed security problem.

Full Story
Shrimp Prices Soar

4/16/2014 11:00 AM

The next time you order shrimp scampi of the menu, you may be in for sticker shock. 

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
Key Unlocks Gas Pumps For ID Thieves

4/14/2014 10:10 PM

Drivers who've fueled up in Rapid City are being warned that their debit and credit card numbers may have been stolen after "numerous" s...

Full Story | Watch
Harrisburg Sports Complex Nearly Complete

4/16/2014 7:15 AM

Perfect Practice Sports Academy is much bigger on the inside than what it looks like from the front doors. Soon, athletes of all a...

Full Story | Watch


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED