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TheraSource LLC receives $3M SBIR Grant

TheraSource LLC, a Feinstein Institute for Medical Research spin-out, has received a $3 million three-year Small Business Innovation Research (SBIR) grant from the National Institute of Allergy and Infectious Diseases (NIAID), which is part of the National Institutes of Health (NIH). The grant will support the development of human ghrelin as an innovative treatment to alleviate health damage caused by unintentional radiation exposure.

TheraSource has been a client of the Center for Biotechnology and the organization is proud to have played an integral role in the helping the company advance their business and technology strategy. As noted by Diane Fabel, Director of Operations for the Center for Biotechnology, “The Phase II award for TheraSource is a significant landmark for the company and an important milestone for the region.”

Ping Wang, MD, founder of TheraSource and Chief of Scientific Officer (CSO) of the Feinstein Institute has stated “Human ghrelin has been investigated in clinical trials of other indications.  With our new findings, we will soon be able to file an Investigational New Drug application to US Food and Drug Administration,” said Dr. Wang. “TheraSource has received investments to fund its various projects and is seeking strategic partnerships towards the goal of clinical development and commercialization.”

For more details, read the company’s press release here.

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                    [post_content] => Celmatix, a next-generation women’s health company, has been awarded $4.5 million from Empire State Development’s New York City Regional Economic Development Council (REDC), to expand its headquarters in Manhattan.

Piraye Yurttas Beim, PhD, Founder and CEO of Celmatix stated “New York State has been there for Celmatix every step of the way as we’ve transitioned from ambitious startup to innovative next generation women’s health company. From the training I received through New York State’s Center for Biotechnology program at Stony Brook University, to the support we received from the Empire State Development START-UP New York program when it was time to build our first lab, and now, with this award as we prepare to take the next step in the evolution of our company, we are honored to have continued support to grow and thrive in New York.”

Additional Articles: pharmiweb
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Dr. Gurtej Singh, Research Associate Professor of Surgery at the Renaissance School of Medicine, was awarded seed funding through the SUNY Technology Accelerator Fund (TAF) to advance DEVA — a vascularized, shelf-stable skin substitute for advanced wound care. This bio-printed, multilayered construct integrates embedded vascular networks and antimicrobial features to enhance healing for chronic and hard-to-treat wounds — with the potential to shorten healing timelines and improve patient outcomes.

Additionally, Dr. Anurag Purwar, associate professor in the Department of Mechanical Engineering in Stony Brook’s College of Engineering and Applied Sciences, was one of four SUNY Mission TAF awardees for his research, MotionGen — An AI Platform for Intelligent Mechanism Design in Robotics. Purwar is launching an enterprise version of MotionGen, a cloud-based AI platform that automates the robot mechanism design, reducing costs and improving quality through enhanced visualization and intelligent synthesis tools.

The SUNY TAF supports early-stage innovations with strong commercial potential, helping faculty move technologies from the lab toward real-world impact. This funding — part of a competitive award portfolio — underscores how translational research at Stony Brook continues to bridge discovery science and high-impact biotechnology solutions. Read more about these innovators and the TAF awards on SBU News.

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Celmatix awarded $4.5M to expand in NYS

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Stony Brook Researchers Secure Seed Funding from SUNY TAF

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Call for Papers: CEWIT2017

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