Story excerpt provided by Crain’s Cleveland Business.
Written by Timothy Magaw.
Eleven physician-scientists from some of the country’s premier academic institutions, including two from Case Western Reserve University, each will receive up to $700,000 — with $100,000 guaranteed — over two years from a major drug development effort headquartered in Cleveland.
The Harrington Discovery Institute at University Hospitals announced the 2015 recipients of its Harrington Scholar-Innovator Awards program. The program is focused on bringing drug development efforts to the point where the technology could be sold to drug companies. That stage in development often is called “the valley of death” because so few drugs from research institutions get enough financing to complete early clinical trials.
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Originally published December 9, 2014.