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German Proteomics Firm MelTec Wins 2.3M Government Grant

NEW YORK, July 9 - German proteomics firm MelTec said today it has secured a €2.3 million government grant to create a multi-disciplinary research group to study protein network hierarchies in cells.

 

The company will use the grant, provided by the German Federal Ministry for Education, Science, Research, and Technology, to establish the group, called CELLECT, which stands for cellular eukaryotic proteome code-deciphering technology.

 

According to MelTec, this group, a "multi-disciplinary" network of 10 research groups that includes a unit of the Max Planck Institute, hopes to develop a "machine" that can decipher protein network hierarchies in cells, which in turn might help drug development.

 

MelTec, based in Magdeburg, is privately held.

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