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SGX Awarded $48.5 Million from NIH for Protein Structure Initiative Efforts

NEW YORK, July 4 (GenomeWeb News) - Structural Genomix said last week that it has received a National Institutes of Health Cooperative Agreement Award worth $48.5 million as part of the NIH's Protein Structure Initiative.


The company received the award from the National Institute of General Medical Sciences.


According to SGX, the award provides five years of additional funding for the New York Structural Genomix Research Consortium, which the company oversees. SGX said it expects to retain 50 percent of the funding, with the remainder being distributed to other consortium members.


The PSI was begun in 2000 as a long-term effort to uncover the structures of proteins and determine their roles in disease.


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