Skip to main content
Premium Trial:

Request an Annual Quote

Innovation Philadelphia Funds Acuity and MacroArray

NEW YORK, Sept. 3 (GenomeWeb News)- Innovation Philadelphia, will invest in Acuity Pharmaceuticals and MacroArray Technologies through its Economic Stimulus Fund, the public-private partnership said Tuesday. The amount of each investment was not immediately disclosed.

 

The investment helped the Acuity complete pre-clinical studies for its lead compound and file an IND with the FDA for an RNAi therapeutic, said CEO Dale Pfost in a press release.

 

Acuity is an ophthalmic pharmaceutical company concentrated on RNAi therapeutics. Its flagship product is a macular degeneration drug called Cand 5. MacroArray works on the identification of novel tumor markers, and its lead product, PCADM-1, is a prostate cancer diagnostic test.

 

Innovation Philadelphia invests in local research and commercialization efforts. It is supported in part by the City of Philadelphia and the Commonwealth of Pennsylvania.

The Scan

Researchers Compare WGS, Exome Sequencing-Based Mendelian Disease Diagnosis

Investigators find a diagnostic edge for whole-genome sequencing, while highlighting the cost advantages and improving diagnostic rate of exome sequencing in EJHG.

Researchers Retrace Key Mutations in Reassorted H1N1 Swine Flu Virus With Avian-Like Features

Mutations in the acidic polymerase-coding gene boost the pathogenicity and transmissibility of Eurasian avian-like H1N1 swine influenza viruses, a PNAS paper finds.

Genome Sequences Reveal Evolutionary History of South America's Canids

An analysis in PNAS of South American canid species' genomes offers a look at their evolutionary history, as well as their relationships and adaptations.

Lung Cancer Response to Checkpoint Inhibitors Reflected in Circulating Tumor DNA

In non-small cell lung cancer patients, researchers find in JCO Precision Oncology that survival benefits after immune checkpoint blockade coincide with a dip in ctDNA levels.