Indiana Economic Digest | Indiana
Advanced Search

• Most Recent

home : most recent : most recent July 29, 2017

3/19/2017 4:35:00 PM
Cook Medical partners with Purdue to help biomedical and life science startups


Cook Medical and Purdue Research Foundation have entered into a $12 million partnership to benefit the Foundry Investment Fund and stimulate biomedical and life science technology startups.

According to a news release, the partnership has already infused $3.2 million into startups for life-improving innovations developed at Purdue University. The not-for-profit Foundry Investment Fund helps accelerate these businesses and has already helped fund Symic Bio Inc., a life sciences company originating from Purdue’s Weldon School of Biomedical Engineering. That company received nearly $450,000.

“Cook has licensed several Purdue innovations that have helped untold people around the globe,” said Steve Ferguson, chairman of the board for Cook Group, in the release. “The partnership between Cook Biotech and Purdue is a wonderful example of how two entities can work together for a common good, and we received great results. It is an interesting story with a positive outcome.”

Related Links:
• Herald-Times full text

Copyright 2017, HeraldTimesOnline, Bloomington, IN

Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR

Software © 1998-2017 1up! Software, All Rights Reserved