Ohio Leading in Pharmaceutical Advances

Written by Lisa Colbert.

The Ohio Third Frontier Commission approved $25 million to support the Harrington Discovery Institute – Innovation Support Center led by University Hospitals in Cleveland. The center will build on pharmaceutical innovations from University Hospitals, by supporting physician-scientists in accelerating drug development. It will take breakthrough technologies and turn them into medicines that will change lives.

“Bringing together the right mix of technology, capital and talent, this world-class center will continue positioning Ohio as a leader in medical innovation,” said David Goodman, director of the Ohio Development Services Agency and chair of the Ohio Third Frontier Commission. “This partnership will turn new technology into companies and bring quality jobs to the state.”

This is one of the first two awards from the new Technology Commercialization Center Program. The Commission also approved $21 million to establish the Neurotechnology Innovations Translator led by The Ohio State University in Columbus. Both projects will make contributions to the quality of clinical care globally, build strategic partnerships with major players in the healthcare industry, create high growth medical technology start-ups, and attract venture capital to Ohio.

Check it out in The Plain Dealer and Crain’s Cleveland Business.