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GeneGo Awarded $1.4M in Michigan Life Science Corridor Funds

NEW YORK, June 16 - Bioinformatics startup GeneGo has been awarded $1.4 million from the Michigan Life Science Corridor, the company said today.

 

The MLSC, recently allotted $30 million in funds from the state's $1 billion in tobacco settlement money, granted a total of 18 awards for 2003.

 

Tatiana Nikolskaya, CEO of GeneGo, said the company would use the award to support development of its MetaCore computational systems biology platform, and to expand its sales, customer support, and application divisions.

 

GeneGo said it has also received a Small Business Innovation Research grant from the National Institute of General Medical Sciences to develop MetaDrug, a predictive ADME-Tox software platform.

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