NEOMED wins nearly $500,000 to drive drug development, regional economic development

Story excerpt provided by Crain’s Cleveland Business.

Northeast Ohio Medical University has received a $498,282 grant to support the development of a center to support companies and NEOMED researchers in accelerating their therapies toward human clinical trials.

The center, called “Accelerating Pharmaceutical Commercialization: A Rural Proof of Concept Center for Economic Development,” aims to support companies and NEOMED researchers in pushing their therapies toward human clinical trials.

“We want to see if this way to stimulate new drug development can also drive regional economic development,” said Walter E. Horton Jr., vice president for research at NEOMED, which won the funds through the 2016 i6 Challenge, a national competition for models for startup creation, innovation and commercialization.

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Originally published February 11, 2016.

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