Tuesday, September 28, 2010

Business-Briefs: "2 Metro firms win medical startup funds"

"Two state companies were selected to receive a total of $900,000 in startup funding from the Colorado Institute for Drug, Device and Diagnostic Development (CID4), the institute said Monday.

Boulder-based Sophono Inc. will receive $600,000 for its Alpha 1 Magnetic Bone Anchored Hearing System. The company says the system is the first if its kind and is designed to treat conductive and mixed hearing loss and single- sided deafness.

Aurora-based PeptiVir Inc. will receive $300,000 for its universal flu vaccine under development. The grants are the first made by CID4, which is funded by $3.75 million from the state and $1 million from the Fitzsimons Redevelopment Authority."

Link to DenverPost.com

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