With approximately $3.5 million from NIH grants and private investors under its belt, La Jolla, Calif.-based biotech startup Vala Sciences debuted last week as a provider of reagents and software for conducting image-based cell assays for drug screening and cell biology research.

Jeffrey Price, an associate professor at the La Jolla-based Burnham Institute and adjunct professor of bioengineering at the University of California, San Diego, is one of Vala’s co-founders, and will serve as chairman and CEO.

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