Why Do Biotechs Love the IRS Today? Washington Companies Just Got $34M in Grants
Summary
Washington Companies Just Got $34M in Grants Xconomy Seattle — Biotechies around the country are feeling a lot of love toward the Internal Revenue Service today.Rather than report on all these announcements in piecemeal fashion, I thought I would just publish the list here, and provide a link back to the IRS site, which has more detail on what the project money is going to be used to support.Washington state has five companies that received more than $1 million—Adaptive TCR, AVI Biopharma, Omeros, Proteotech, and Trubion Pharmaceuticals.“It’s a nice shot in the arm as we try and tie up additional financing for our three programs, and will allow us to hire additional people to work on our hearing loss R&D programs,” says Jonathan Kil, CEO of Seattle-based Sound Pharmaceuticals, whose company was awarded $733,000 in grants.Accium Biosciences $244,479 Adaptive TCR $1,047,954 Advanced Medical Isotope $488,958 Agave Pharma $244,479 Alder Biopharmaceuticals $244,479 Allozyne $488,958 Animex Therapeutics $244,479 Amnis $244,479 … Next Page »