Progenesis Technologies, LLC

Location:WV, US
Speaker:Richard M. Niles, Ph.D.
Title:President
Primary Industry:Pharma & Biotech
Executive Summary:Alginates are biopolymers that are used in the food, cosmetic, and pharmaceutical/medical industries. Alginate is extracted from brown seaweed. There are several problems associated with seaweed alginate: their harvest is seasonal, processing requires 15-20 steps, and seaweed alginate composition is fixed. Progenesis has discovered genetic techniques which allow bacteria to continually produce high amounts of alginate. Using patent-pending technology we believe that Progenesis can produce alginate at a lower cost than seaweed alginate. The unique properties of bacterial alginate will be used to produce new products for moisture control radioactive decontamination and drug delivery
Venture is:Seed Level

HIGHLIGHTS
Merck
Corporate Symposium
Harvard OTD
Partner Sponsor

2008 Corporate Presentations
Air Products
Boeing
BP
Cabot
Honda
Kodak
Medtronic
Merck
  • BASF
  • Genzyme
  • Lockheed Martin
  • Sanyo

Event Sponsors
Univalor
AzTE
Jackson Walker

Collocated Events

June 1-5, 2008
Nanotech 2008
Clean Technology 2008
BioNano 2008

Press Sponsor
Business Wire

Commercialization Partner
BusinessWeek

Media Sponsors
(joint with Nanotech 2008) Nature
Science
Red Herring

Supporting Organizations
Boston University
Midwest Research University Network
piribo

 

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