Regeneron: a global leader in biotech innovation

How does a biotechnology firm become a global leader, with multiple medications on the market and a solid reputation for innovative solutions that help it break through...

Regeneron: a global leader in biotech innovation

How does a biotechnology firm become a global leader, with multiple medications on the market and a solid reputation for innovative solutions that help it break through...

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Press Release

Monday, February 5, 2018 - 5:09pm
Pictures and Maps of the Gorge Can be Found Here Governor Andrew M. Cuomo today announced that work will begin for on-the-ground ecological restoration work to "Restore the Gorge" in Niagara Falls. Beginning in February, the Western New York Land Conservancy will begin the two-year mission to control invasive species and plant native trees, shrubs, grasses and flowers in the Niagara Gorge from the Niagara Gorge Discovery Center to Devil's Hole State Park. The $2.1 million project is supported by a variety of State funds, including Buffalo Billion Phase II. It complements Governor Cuomo's $70 million revitalization of Niagara Falls State Park and other strategic state investments to strengthen the tourism industry in downtown Niagara Falls. "The Niagara Gorge is central to the natural beauty of the world-class attraction Niagara Falls," Governor Cuomo said. "The ecological restoration of this biologically diverse habitat goes hand in hand with our strategic investments that are reinvigorating tourism in Niagara Falls and our dedication to revitalizing the region." Read the full press release here. 
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Press Release

Monday, February 5, 2018 - 2:10pm
Announcement Complements “Central NY Rising” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Empire State Development (ESD) today announced its Division of Science, Technology & Innovation (NYSTAR) has awarded a New York State Science and Technology Law Center (STLC) designation to Syracuse University’s College of Law. The Law Center will continue to support economic development across New York State by leveraging the experience and expertise of law faculty and students to help businesses determine prospects for the success of new and emerging technologies in the global marketplace. ESD President, CEO and Commissioner Howard Zemsky said, “Our network of NYSTAR-supported centers is crucial to New York State’s innovation economy, providing assistance that helps companies transform concepts into realities. The Science and Technology Law Center continues to offer unparalleled research and legal solutions for a range of businesses and sectors, and I congratulate the College of Law’s faculty and students on their re-designation.” First designated in 2004, the STLC continues engage faculty and students in promoting greater awareness and understanding of legal issues in commercialization, such as intellectual property protection; technology transfer; patents, copyrights, and trademarks; and licensing agreements. They also will advise other State-designated Centers for Advanced Technology, Centers of Excellence, Certified Business Incubators, Innovation Hot Spots, and regional Manufacturing Extension Partnership centers on technology-related legal issues. The Law Center has expanded its services over the last five years to keep pace with the growth of the State’s technology start-ups. During the most recent designation, the STLC completed approximately 150 research projects at an average rate of 50 projects a year. The Law Center takes in clients from across New York State seeking the assistance of the STLC, Syracuse University’s extended Innovation Ecosystem, and other organizations dedicated to tech start-ups. ESD will support the Law Center with nearly $1.7 million in funding over the course of the five-year designation. During its designation the Law Center has collected an extensive body of research, educational materials, consulting services, high-quality academic offerings, and conducted information forums – including conferences, webcasts, newsletters and guidebooks – to promote economic growth in the state by helping to transform research and technology into business.  Syracuse University College of Law Dean Craig M. Boise said, “I am extremely pleased that NYSTAR has granted the College of Law the coveted designation as the only New York State Science and Technology Commercialization Law Center. NYSTAR’s action is an explicit recognition of our faculty’s strength in this area, as well as our students’ hard work and creativity. Coupled with the College of Law's Technology Commercialization Law Program, NYS STLC allows us to partner with industries across New York, to support economic development in the state, and to provide a law curriculum that is rich in hands-on, practical experience. Our innovative research and teaching in this area are, and will continue to be, attractive to prospective students interested in pursuing both traditional and non-traditional legal careers in the dynamic field of technology commercialization.” Senator David J. Valesky said, “Congratulations to Syracuse University’s College of Law on this designation and on the recognition of its students’ and faculty’s outstanding assistance to companies that are bringing new technologies to market. I am pleased that the Law Center will continue to provide expert services that will help technology start-ups across the state be successful.” Assemblyman William Magnarelli said, “I congratulate the Syracuse University College of Law’s Technology Commercialization Law program on being re-designated as the NYS Science and Technology Law Center. Since 2004, the STLC has been a leader in helping companies and entrepreneurs bring new ideas to market while educating future attorneys. The STLC has also been active in working with other NY educational institutions to provide these services statewide through the NYS Technology Commercialization Clinic Network. I look forward to working closely with Professor Rudnick and the staff of the SLTC to expand their programming and increase the number of companies they can serve going forward.” Onondaga County Executive Joanie Mahoney said, “By re-designating Syracuse University’s College of Law as the State’s Science and Technology Law Center, faculty and students there will continue to support innovation and business growth around Onondaga County and across the state. Congratulations to everyone at the College of Law, and thank you to Empire State Development for your continued support.” Syracuse Mayor Ben Walsh said, “This designation makes Syracuse even more fertile ground for entrepreneurs and start-up businesses. We thank ESD and the Governor for helping us take great ideas being born in Syracuse and grow them in to successful job-creating businesses.” Accelerating Central NY Rising   Today's announcement complements “Central NY Rising,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $4.7 billion in the region since 2012 to lay the groundwork for the plan – capitalizing on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Syracuse, Oswego and Auburn as a destination to grow and invest in. Now, the region is accelerating Central NY Rising with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State’s $500 million investment will incentivize private business to invest well over $2.5 billion – and the region’s plan, as submitted, projects up to 5,900 new jobs. More information is available here. About Empire State Development Empire State Development (ESD) is New York’s chief economic development agency (www.esd.ny.gov). The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Cuomo’s Regional Economic Development Councils and the marketing of “I LOVE NEW YORK,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, visit www.regionalcouncils.ny.gov  and www.esd.ny.gov.     Contact: Adam Ostrowski | Adam.Ostrowski@esd.ny.gov | (518) 292-5148 ESD Press Office | PressOffice@esd.ny.gov | (800) 260-7313
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Press Release

Monday, February 5, 2018 - 1:55pm
FY 2019 Budget Proposals Build on Governor's MWBE Accomplishments - Nation's Highest Goal For MWBE Utilization in State Contracts at 30 Percent Governor Andrew M. Cuomo today announced legislation to reauthorize and to expand the MWBE Program to more contracts entirely funded by the State. The proposed legislative changes and expansion to include all State-funded contracts will leverage the largest pool of State funding in history to combat systemic discrimination and create new opportunities for MWBE participation at every level. This action builds on Governor Cuomo's work to support women and minorities in achieving representative participation in the economy. In 2014, the Governor increased the Minority and Women-owned Business Enterprise goal for State contracting from 20 to 30 percent—the highest in the nation. Since 2011, state-certified MWBEs have won more than $10.4 billion in State contracts and the State has certified more than 6,600 MWBEs and re-certified more than 4,700 MWBEs. "In New York, we know that our economy is strongest when everyone is empowered to participate, which is why we continue to work to increase access and opportunities to success for minority and women owned businesses to strengthen and diversify our economy," Governor Cuomo said. "These actions will break down barriers to success and empower these business owners to help fuel our economy and move this great state forward." Read the full press release here. 
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Report

Friday, February 2, 2018 - 6:00pm
This comprehensive annual economic development report highlights ESD’s activities, projects, investments and initiatives throughout 2017. Empire State Development: Annual Report 2017
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Blog Post

Thursday, February 1, 2018 - 12:34pm
Among the many established and emerging companies in the Finger Lakes’ Optics, Photonics and Imaging (OPI) corridor, the industry's explosive growth—and future potential—is a rallying cry. But that growth has also exposed a very real challenge: the need for trained technicians ready to fill the existing and new jobs created by the boom.   While it seems like a daunting task, Monroe Community College’s (MCC) Optics and Photonics Technology program and its director, Dr. Alexis Vogt, view the growth in OPI as an opportunity that can benefit not only the region but all of New York State and beyond.   “I run the only Optical Systems Technology program in the country that is currently training and graduating students in optics fabrication,” says Vogt, who serves as the Rochester-based school's endowed chair and associate professor of Optics. She's become an impassioned advocate for OPI workforce training, and is working hard to help the industry realize its potential.
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Press Release

Wednesday, January 31, 2018 - 3:22pm
Governor Andrew M. Cuomo today announced Round III of the nation-leading New NY Broadband program - providing the last mile funding to ensure high-speed internet access for all New Yorkers. The $209.7 million Round III awards will provide 122,285 homes, businesses and community institutions across the state with access to high-speed Internet, driving in aggregate more than $341.8 million of public/private broadband investment. This represents the third and final round of the program and the completion of the Governor's promise to connect all New Yorkers to high-speed Internet for the first time in state history. Since the program's launch in 2015, Governor Cuomo has secured high-speed Internet upgrades for approximately 2.42 million locations statewide. These latest awards through Round III of the New NY Broadband Program will close the final gap and bring high-speed broadband to all New Yorkers in every corner of the state. "Access to high-speed internet is critical as New York works to deliver the resources needed for industries to thrive and businesses to remain competitive in the 21st century global economy," Governor Cuomo said. "This cutting-edge program is advancing our vision to connect communities, empower entrepreneurs and residents, and support advanced technological innovation. Projects achieved through the New NY Broadband Program are a major step forward in creating the most robust broadband infrastructure network in the nation, while ensuring that reliable, high-speed internet is available to all New Yorkers." Read the full press release here.
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Report

Friday, January 26, 2018 - 5:01pm
Empire State Development oversees administration of the film production and postproduction tax credits. These reports reflect program activity during the first, second, thirs and fourth quarters of 2017. The information presented includes projected spending, hires, and estimated credits for film and post-production projects deemed eligible to participate in the program, and, pursuant to new reporting requirements, actual spending, hires and credits issued to projects that have been completed and audited. 03/31/2017: Film Tax Credit - Quarterly Report, Calendar Year 2017: 1st Quarter 06/30/2017: Film Tax Credit - Quarterly Report, Calendar Year 2017: 2nd Quarter  09/30/2017: Film Tax Credit - Quarterly Report, Calendar Year 2017: 3rd Quarter  
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Report

Friday, January 26, 2018 - 5:00pm
Empire State Development oversees administration of the Empire State Musical and Theatrical Tax Credit Program, which is designed to encourage music and theatrical production companies to conduct pre-tour activities, technical rehearsals and to perform shows at locations in Upstate New York, home to some of the premier regional venues for musical and theatrical production. This report reflects activity during calendar year 2017. The information presented includes the number of productions that applied and projected spending and estimated credits for qualified production projects deemed eligible to participate in the Program.  Music and Theatrical Tax Credit Annual Report: Calendar Years 2017
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Press Release

Friday, January 26, 2018 - 3:49pm
Empire State Development today announced that ten businesses will startup, expand or locate in New York City and Long Island, partnering with colleges and universities to spur local economic growth. These companies have committed to create more than 270 new jobs and invest approximately $4.3 million over the next five years. “From life sciences to advanced manufacturing, software development and green-tech, more and more companies are finding New York State is a great place to start or grow their business,” said Empire State Development President, CEO & Commissioner Howard Zemsky. “These businesses have the potential to create hundreds of jobs in New York City and Long Island in dynamic, innovative industries while generating millions in revenue for the local economy.” “As I shared in my inaugural State of the University System address this week, two themes of my vision for the System include innovation and entrepreneurship, and increase and expand partnerships. This is an example of these themes at work,” said SUNY Chancellor Kristina M. Johnson. “The partnerships between our campuses and these businesses are producing academic benefits for faculty and students, while simultaneously driving innovation-based economic development in New York State.” The ten businesses, which are sponsored by Medgar Evers College, New York University, SUNY Downstate Medical Center and SUNY Farmingdale, will create jobs in several key industries, including: biotechnology; green technologies; high-technology; life sciences; manufacturing; research and development; and software development. The following businesses have joined START-UP NY: New York City Medgar Evers College: Derbywire, Inc. is a software development firm that will design and develop a content streaming platform where music artists and fans can make a real-time payment verification using a selfie. The company will also develop biometric integration technology to create a more secure process for payments in the social community. Derbywire will create 95 jobs and invest $1,000,000. EnerKnol, Inc. is a high-tech company developing a software solution for the vast market need for real- time, comprehensive US energy and environmental policy data. EnerKnol’s core business model is a one‐stop, real-time source for market participants to efficiently access, track, and understand all regulatory and policy information that affects their sector through trending and predictive analysis. EnerKnol will create 21 new jobs and invest $108,000. Radiator Labs, Inc. is a green technology business whose signature product is the "Cozy,fl” a low‐cost radiator cover that eliminates the waste in steam heating systems. The company is researching and developing new Cozy designs, the wireless, battery-less, energy harvesting sensor and the dashboard for building owners/operators that will provide holistic and room by room data and analytics to improve efficacy of building operations. Radiator Labs will create nine new jobs and invest $15,000. Selfiepay, Inc. is a software development firm specializing in security and fraud prevention by using biometric data for payment verification. Selfiepay is developing facial recognition technology and “Selfie Reader” to be used for secure payment processing services. Selfie Pay will create 77 jobs and invest $1,000,000. Tuki, Inc. develops and manufactures ergonomic stands to support mobile products. Tuki will research and develop the “biometric stand,” used to capture biometric data for secure payment transactions, and the “hollow stand,” an on‐the‐go model intending to be lightweight, flexible and portable, both of which are patented. Additional models will include in-car models, floor models, and interactive TV support models. Tuki will create 33 new jobs, and invest $1,000,000.   New York University: Dandelion Energy Inc. is a green energy technology company from Silicon Valley, California, that will develop a high-performance cloud connected geothermal system to provide renewable energy and cooling to homeowners. The system includes high tech software and innovative drilling technology that will be used to calculate house by house energy savings and streamline the installation process. The company will create 27 new jobs and invest $21,000. SUNY Downstate Medical Center: MouSensor, Inc. is an early-stage biotech company that aims to build a digital database of every scent on the planet using specially engineered “super sniffer” mice. Potential uses of this revolutionary technology include re-engineering of fragrances, and more accurate detection of explosives and detect disease-specific odors. MouSensor will create five new jobs and invest $1,458,000.   Long Island SUNY Farmingdale: Haystack Diagnostics, LLC is a new biotechnology company that detects biological states, such as cancer, using unique proteomics and bioinformatics technologies. Haystack determines panels of biomarkers that give early detection of biological states. Upon discovering these biomarker panels, Haystack will work to translate the biomarker panels into blood tests that will then be available to patients or doctors. The company will create two new jobs and invest $550,000. ProtiFi, LLC is a biotechnology company that makes sample preparation solutions for proteomics, the large-scale study of proteins. ProtiFi is developing technologies that will improve the accuracy, identification and quantification of protein samples used in biotechnology research. The company will create two new jobs and invest $140,000.   Contact: Jason Conwall | Jason.Conwall@esd.ny.gov | (518) 292-5107 ESD Press Office | PressOffice@esd.ny.gov | (800) 260-7313
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Press Release

Friday, January 26, 2018 - 3:40pm
Empire State Development today announced that 23 businesses will startup, expand or locate in seven regions across Upstate New York, partnering with local colleges and universities to spur economic growth across the state. These companies have committed to create nearly 300 new jobs and invest approximately $9.8 million over the next five years. “From life sciences to advanced manufacturing, software development and green-tech, more and more companies are finding New York State is a great place to start or grow their business,” said Empire State Development President, CEO & Commissioner Howard Zemsky. “These businesses have the potential to create hundreds of jobs in throughout Upstate New York in dynamic, innovative industries, while generating millions in revenue for the local economy.” “As I shared in my inaugural State of the University System address this week, two themes of my vision for the System include innovation and entrepreneurship, and increase and expand partnerships. This is an example of these themes at work,” said SUNY Chancellor Kristina M. Johnson. “The partnerships between our campuses and these businesses are producing academic benefits for faculty and students, while simultaneously driving innovation-based economic development in New York State.” These businesses will create jobs in key industries, including: biotechnology, craft beverage production; computer/information technology; film post-production; high-technology; manufacturing and advanced manufacturing; research and development; software development; and technical and trade school transportation engineering and design. The 23 companies are sponsored by the following New York State colleges and universities: Adirondack Community College; Binghamton University; Clarkson University; Finger Lakes Community College; Genesee Community College; Hudson Valley Community College; Mount Saint Mary College; Onondaga Community College; Schenectady County Community College; SUNY Cobleskill; SUNY Ulster; and the University at Albany. The following businesses have joined START-UP NY: Capital RegionAdirondack Community College: Brandsight, Inc. is an enterprise domain name registrar company that develops technology solutions to enable the world’s largest brands to manage and optimize their domain name portfolios. Brandsight Inc is developing a new Smart & Intelligent technology that learns which domain names to own and how best to use them based on recurring big data analysis. The company will create 14 new jobs and invest $50,000. Hudson Valley Community College: New Ed, Inc. is developing pre-built, but configurable software for educational organizations to help maintain enrollment and growth. New Ed will design and develop innovative user experiences which will be translated into a web application through a Software-as-a Service platform to benefit their clients. New Ed will create 18 new jobs and invest $172,000. Upstate Concierge Management (UCM) is developing and continues to enhance its unique software technology telecommunications software platform which features: HIPPA compliant messaging services, phone services, secure 2‐way video connections, enrollment and billing, electronic health records and a customizable smart phone application that enables health service providers and medical facilities to operate more efficiently. The company will create 12 new jobs and invest $30,000. Schenectady County Community College: KIRSH Helmets, Inc. is a small early stage business expanding to the production phase, and is the only helmet company producing a helmet entirely made in America. KIRSH Helmets uses a patented silicone technology to lessen the impact during crashes and is lighter and smaller than most other helmets. The company will create 13 new jobs and invest $347,000. University at Albany: Branch VFX is a new business that provides special effects services to clients and production entities for the television and film industry. Branch VFX is crossing the disciplines of graphic arts and computer science on video to create computer/graphic art work as part of the special effects process of rotoscoping, 3D Tracking and rotomation. The company will create 16 net new jobs and invest $139,000." SUNY Cobleskill: 454 Fire Training is a technical trade school that provides high quality, experiential education to members of the fire service community. The training program includes extensive live fire-fighting exposure, and classroom instructions for extended learning and continued education. 454 will have live fire demonstration units/buildings that will be constructed for this purpose. 454 Fire Training will create four new jobs and invest $500,000. Central New York Onondaga Community College: 454 Fire Training is a technical trade school that provides high quality, experiential education to members of the fire service community. The training program includes extensive live fire-fighting exposure, and classroom instructions for extended learning and continued education. 454 will have live fire demonstration units/buildings that will be constructed for this purpose. 454 Fire Training will create four new jobs and invest $500,000. Roji Tea Company LLC is a new manufacturing business that will produce bottled teas, baked goods, and tea ware/utensils. Roji Tea takes bulk material of imported and locally sourced herbal teas and hand-mixes them to create new blends. The company will create four new jobs and invest $4,000. Finger LakesFinger Lakes Community College: Star Cider, LLC is a cider business that sources apples and fresh ingredients solely from New York State. The new production facility will also serve as a research and education center, featuring interactive tours, lecture series and workshops focusing on apple cider production. Star Cider will create five new jobs and invest $295,000. Genesee Community College: Tencar Inc. is a new medical device corporation that developed an innovative ostomy tool called “Choice Cap."" The Choice Cap System is a prosthetic appliance for active-lifestyle colostomy and ileostomy patients. The company will create nine new jobs and invest $345,000. Mid-Hudson Mount Saint Mary College: Osborne Technologies, Inc. designs, develops, and markets educational technology products and services for the corporate, education, government, and healthcare e-learning industries. Osborne Technologies products include front of class touch screen teaching applications, multi-touch software, visitor management, access control, sensory and immersive spaces, scent delivery and wireless infrastructure systems designed for schools to enhance safeguarding. The company will create seven new jobs and invest $50,000. Vuff, LLC is a new advanced manufacturing company that produces pet products, specifically proprietary collars and leashes, from custom OEM components using a variety of techniques such as ultra-sonic plastic welding, laser and hot knife cutting. The company will create 12 new jobs and invest $118,000. SUNY Ulster: 340Best, Inc. is a software development company that provides customized software and related technical and analytical support to healthcare organizations part of the 340B program, a federal program designed to help lower the cost of healthcare to needy communities. The company will create six new jobs and invest $25,000. GenEdge Health, Inc. will develop and customize a proprietary software platform to support prescription benefit management (PBM) companies, unions, and other health related companies with managing their health care eligibility needs, clinical patient medical and prescription data analysis, and formulating strategic plans that will lead to better patient outcomes. The company will create three new jobs and invest $10,000. Mohawk Valley SUNY Cobleskill: Asset eXchange Infrastructure (AXI) Systems, Inc. is a new information technology company that will develop and launch a web-based agricultural map and procurement system through which New York State farm, food and other businesses will be able to construct business profiles, interact, and offer products for sale. AXI System employees will provide account management, troubleshooting and clearinghouse services and will implement promotional and educational strategies to encourage system use. The company will create 15 new jobs and invest $45,000. Digital Gameday (DG) is a SAAS (software as service) product that serves as an online film analysis and exchange system for high school athletic professionals and coaches. The high-tech company provides coaches a data-driven and cloud based approach to film analysis and performance assessment supported by best-in-class personal service. Players can also use DG tools for creating personalized highlight reels for distribution to college recruiters. Digital Gameday will create five new jobs and invest $23,500. North CountryClarkson University: LC Drives, a New York State incubator graduate, is developing and manufacturing the next generation of electric motors that are smaller, lighter, and higher performing than conventional products. Targeted markets include marine propulsion, traction motors, and wind turbine generators. LC Drives will create 20 new jobs and invest $500,000. Southern TierBinghamton University: AvantGuard Technologies (AGT) is a new software development company that provides its customers with software solutions including monitoring indexing, storage, scaling, application integration, managing, visualizing, aggregating, storing, retrieving, and analyzing and analytics for IT operations and business processes. The company will create 78 new jobs and invest $5.4 million. Geoweb3d is a software engineering company that provides 3D mapping and visualization solutions for a variety of users, including U.S. Mission Planning for Special Operations and the U.S. Army. One of its products is a built-in web browser that allows for smooth interoperability with cloud and mapping applications such as Google Maps and Google Earth. Geoweb3d will create six new jobs and invest $62,000. SwiftATN, LLC is a new R&D transit engineering and design company that is developing products and services for the high-growth automated transportation industry. The design uses an electric powered automated transportation system and custom design software for elevated guideways. The systems can be used on campuses, resorts, airports or built as part of a regional transit network. SwiftATN, LLC will initially create 14 net new jobs and invest $150,000. Oasis Stone Scapes (OSS) is a new manufacturing masonry business that will produce eco-friendly fiberglass reinforced masonry panels. Each panel is precast with a super strength composite and can be installed on a solid surface without the need of a substrate, concrete footing or any additional supports. Panel molds can be created any shape, size or dimension making this technology extremely versatile. OSS will create six new jobs and invest $1.075 million. DB Therapeutics, Inc. is a new R&D company that is developing a bandage for skin cancer therapy, optimizing its final product and its manufacturing process and controls. DB Therapeutics will coordinate in vitro and in vivo animal and clinical studies, and will pursue FDA approval. The company will create three new jobs and invest $100,000.   Contact: Jason Conwall | Jason.Conwall@esd.ny.gov | (518) 292-5107 ESD Press Office | PressOffice@esd.ny.gov | (800) 260-7313
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