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Press Release
Nanopharma Wins Grant Wednesday, August 16, 2006 Tampa, FL - (The Tampa Tribune) - August 16, 2006 -- Nanopharma Technologies, Inc., a start-up biotech company that grew out of a University of South Florida patent, has won a grant of almost $500, 000 from the National Science Foundation to continue testing a method of combating antibiotic-resistant bacteria, the company announced Tuesday. The company was founded in 2003 by the drug's inventor, USF chemistry Professor Edward Turos, and Seyoung Jang, a visiting professor at the time. Turos is a full time faculty member and is involved with the company; Jang is now president and chief executive officer of the company. The grant will support Nanopharma as it tests the drug-delivery system against methicillin-resistant Staphylococcus aureus in phase two, or intermediate, clinical trials. The system is based on nanotechnology, the science of working with extremely small particles. "We call it nanobiotech," Jang said. "We attach the drug to nanoparticles, one billionth the size of a pinhead." The company is housed at USF Research Park in the Tampa Bay Technology Center, a biotech incubator. |
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