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Home > News > CIT invests in Parabon NanoLabs for drug design platform

July 7th, 2010

CIT invests in Parabon NanoLabs for drug design platform

Abstract:
The Virginia Center for Innovative Technology says its CIT GAP BioLife Fund closed on an investment in an undisclosed amount in Parabon NanoLabs Inc.

The Reston-based nano-pharmaceutical company uses a proprietary combination of innovative software and nanoscale fabrication technologies that speeds up and lowers the cost of drug discovery, especially for treatments for cancerous brain tumors like malignant glioma that took the life of late-Senator Edward Kennedy.

Source:
techjournalsouth.com

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