Nanotherapeutics (company)

Nanotherapeutics, Inc.
Formerly called
 Nanocoat Technologies (2000–2002)
private
Industry Pharmaceutical industry
Founded 2000 (2000) in Alachua, Florida, United States
Founder James Talton
Headquarters Alachua, Florida, United States
Key people
 James Talton CEO
Products NanoFuse DBM
Number of employees
 45 (2013)
Website Official website

Nanotherapeutics, Inc. is a private, American biopharmaceutical company headquartered in Alachua, Florida. The company uses nanometer-scale particle technology in developing new drugs and in increasing the efficacy of existing drugs.[1]

History

Nanotherapeutics is a product of the Sid Martin Biotechnology Incubator of Alachua, Florida.[1] It was established in 2000 as Nanocoat Technologies by James Talton.[1] The company took its present name in 2002.[1]

At the end of 2014, Baxter indicated its intention to sell a vaccine production technology based on Vero cell culture to Nanotherapeutics; this was to include developed vaccines for H5N1, H1N1 and seasonal influenza, as well as a number of investigational vaccine programs.[2]

Business model

Nanotherapeutics product development is based on utilization of nanometer-scale particle technology.[1] This places at least some of its products in the category of medical devices, such as NanoFuse DBM, approval of which can take advantage of the FDA 510(k) expedited review route.[3]

The company has a history of securing United States government grants and contracts, in particular through the Department of Defense, as a source of revenue.[1]

Like many other companies, Nanotherapeutics has secured venture capital funding,[4] and entered into product co-development alliances.[5]

Operations

The company headquarters are located in the office park housing the Sid Martin Biotechnology Incubator in Alachua, Florida. In 2013, the company had 45 employees and was working with the University of Florida Foundation to construct a new manufacturing facility in close proximity to the company headquarters.[1]

In late-2014, the company opened an office in Frederick, Maryland to have a presence in close proximity to United States government agencies with which it frequently contracts.[6] At the end of 2014, the company intended to acquired from Baxter a vaccine manufacturing facility in the Czech Republic.[2]

Products

References

  1. 1 2 3 4 5 6 7 Clark, Anthony (22 Mar 2013). "Alachua company lands DOD contract worth up to $360M". The Gainesville Sun. Note: the url provided is for the first of two pages.
  2. 1 2 "Baxter Sells Vero Cell Vaccines Platform". Genetic Engineering & Biotechnology News. 35 (2). 15 Dec 2014. p. 9. Note: The online article is longer than the in-print article, and contains all in-print content in the first two paragraphs.
  3. 1 2 Staff (15 Feb 2015). "Alachua County business announcements for week of Feb. 15, 2015". The Gainesville Sun. Note: the url provided is for the first of three pages; information used here appears on the first page.
  4. ↑ "Trinity Capital Investment Funds $93 Million to 20 Portfolio Companies in 2014" (Press release). Trinity Capital Investment. 10 Feb 2015 – via VentureBeat.
  5. ↑ Dance, Scott (8 Sep 2014). "PharmAthene forms alliance with federal contractor in Florida". The Baltimore Sun.
  6. ↑ "Nanotherapeutics Opens New Office in Frederick, MD" (Press release). Nanotherapeutics. 19 Aug 2014 – via Business Wire.
This article is issued from Wikipedia - version of the 2/22/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.