GEN on VetDC: 'Firm Finds New Uses for Drugs, Diagnostics, and Devices in Companion Animals'

Quoting from the Biobusiness Profile in Genetic Engineering & Biotechnology News by Carol Potera:

"Companies spend billions of dollars annually on the development of human drugs, devices, and diagnostics. Yet many promising products fail to reach the marketplace and their value is never realized. VetDC was started in Fort Collins, CO, last year to repurpose discarded and shelved technologies for veterinary use. The company in-licenses emerging, underexploited technologies from human biotechnology companies, then develops and commercializes them for dogs, cats, and other companion animals."

Link to genengnews.com

VetDC is a portfolio company of the Colorado Institute for Drug Device and Diagnostic Development (CID4) in Aurora, CO. Link to learn more.

VetDC was a presenting company at the 2011 Rocky Mountain Life Science Investor & Partnering Conference (RMLIPC) in Denver. Link to the RMLIPC presenting company list.

Feature: 'Venture capital drought affecting Colorado's crop of medical inventions'

Quoting from the Aurora Sentinel:

"Kevin Smith, who runs CID4, said the organization looks similar to a grant-writing agency that might fund research or some early-stage investment in a bioscience company. But that’s not really their goal, he said.

'Our mission is not just to give the money to a researcher and hope he or she comes up with something interesting, but to actually take an already identified or discovered technology and get it developed,' he said.

Smith said CID4 works with start-ups that are often in a phase of their development known is the industry as the 'valley of death.'"

Link to AuroraSentinel.com