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Left to right: Dr. Richard K. Koehn, President & CEO,
Sentrx; Dr. Glenn D. Prestwich, Chairman of Medicinal Chemistry,
U of U; Sheryl G. Hohle, Sr. Licensing Manager, U of U;
and Dr. Raymond F. Gesteland, Vice President of Research,
U of U.
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September 20, 2004. The University of Utah and Sentrx
Surgical, Inc., a company incorporated in March 2004, jointly
announced today that they have received two Small Business Technology
Transfer Research (STTR) awards from the National Institutes of
Health (NIH). On September 1, 2004, Sentrx Surgical and the University
of Utah signed a license agreement that gives the company exclusive,
world-wide rights to the use of a proprietary technology invented
by Dr. Glenn Prestwich at the University of Utah. The STTR program
makes research awards to small businesses that collaborate with
research universities on promising health-related technologies.
Phase I projects are for $100,000 for one year with 40% of the
funds typically remaining to support work in the company and the
other 60% sub-contracted to the university.
“These awards provide critical start-up funds for Sentrx,”
said Dr. Richard K. Koehn, President and CEO of the company, “while
also providing important validation of the company’s core
technologies.” One award, made to Dr. Glenn Prestwich, Presidential
Professor in the Department of Medicinal Chemistry, is for the
use of cross-linkable hydrogels to promote rapid healing of ruptured
eardrums. The project, conducted with pediatric otologist Dr.
Albert Park, will validate the technology prior to use in humans.
In a second NIH award to Sentrx, Dr. Richard R. Orlandi, Assistant
Professor of Otolaryngology, will serve as the principal investigator
on the project, which utilizes Sentrx’s proprietary cross-linked
hydrogels to promote scar-free healing in sinus surgical operations.
Chronic sinus disease affects more than 31 million Americans and
surgery for this disease is performed over 500,000 times annually.
Sentrx Surgical is an emerging medical device company that is
using proprietary modified biopolymers to create synthetic scaffolds
that mimic the normal extracellular matrix. This synthetic scaffold
can be used to promote scar-free wound healing, engineer new tissues,
and prevent post-surgical adhesions. The company was founded in
2004 by Drs. Glenn Preswich, Richard Koehn, Richard Orlandi and
Albert Park, and is the first spin-out company of the Center for
Therapeutic Biomaterials, a member of the Utah Centers of Excellence
program for commercialization of university technologies.
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