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Home > News > Student-Managed Venture Fund invests $100,000 in Purdue Research Park company

March 4th, 2009

Student-Managed Venture Fund invests $100,000 in Purdue Research Park company

Abstract:
Purdue University's Student-Managed Venture Fund, administered by the Burton D. Morgan Center for Entrepreneurship and the Krannert School of Management, is investing $100,000 in Kylin Therapeutics Inc.

The funding is part of a $2 million round of financing led by In-vivo Ventures and Golden Pine Ventures. The funds will help advance Kylin Therapeutics' lead cancer therapy to the marketplace.

Kylin Therapeutics, located at Purdue Research Park, is in the preclinical stage of commercializing a technology called pRNAi. Based on a Purdue discovery, the technology uses RNA and a natural process called RNA interference (RNAi) to target and "turn off" disease-causing genes.

Source:
lafayette-online.com

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