PHILADELPHIA, PA, (NAMC) - Five new companies have joined the Science Center, including innovators in the areas of Alzheimer's disease, head injury treatment and genetic research. Avid Radiopharmaceuticals, Esco Technologies, First Flavor, Neuro Diagnostic Devices and Transposagen Biopharmaceuticals have located at the Science Center, the leading commercialization engine for life science and technology companies in the Mid Atlantic Region. "In the last four years alone, companies started at the Science Center have attracted more than $300 million of private equity investments and have created more than 500 jobs for the region," said Pradip Banerjee, PhD, President and CEO of Science Center. "These new additions have strong technology bases, energetic entrepreneurial teams and great potential for growth. They are examples of companies that the new "Powering Commercialization"(TM) strategy intends to cultivate at Science Center," said Banerjee. About Avid Radiopharmaceuticals, Inc. www.avidrp.com/aboutus_jobs.asp Avid Radiopharmaceuticals, Inc. is a product-focused molecular imaging company pioneering in the development of radiopharmaceuticals for imaging diseases of the brain. Avid's first products are proprietary radiopharmaceuticals that will be used with diagnostic brain scans to evaluate, diagnose and monitor Alzheimer's disease patients. Beyond the Alzheimer's products, the Company's pipeline includes diagnostic radiopharmaceuticals for indications in neurology and oncology. About Esco Technologies - US Subsidiary of ESCO Global www.biotech.escoglobal.com Esco provides clean air solutions for the emerging high-tech industrial and life sciences industries. They are highly oriented toward the international marketplace with sales in more than 60 countries and headquartered in Singapore. Esco is a leading manufacturer of clean air, containment and laboratory equipment, laminar mini-flow environments, and biohazard safety cabinet. About First Flavor, Inc. Founded in 2005, First Flavor is using edible film technology, called the TasteStrip(TM) to provide the food, beverage and consumer packaged goods industry with an effective medium for product- taste sampling. Similar to breath-strip products, First Flavor's patent pending TasteStrip(TM) easily dissolves in the mouth giving a potential customer a burst of flavor. About Neuro Diagnostic Devices www.neurodiagnosticdevices.com As an innovator in the field of biomedical engineering, Neuro Diagnostic Devices (NDD) invents, develops, and manufactures revolutionary life-saving medical products that will provide significant improvements in the treatment of head injuries and diseases around the globe. NDD holds several patents in the USA and around the world for revolutionary medical devices. About Transposagen Biopharmaceuticals Transposagen has developed a platform technology that permits random mutagenesis directly in the germ cells of mammalian model organisms without the need for embryonic stem cells. This unique technology will generate new animal models for the discovery of gene function, for high throughput screening of lead therapeutic compounds. ABOUT THE SCIENCE CENTER The Science Center (www.ScienceCenter.org) is a total "Venture ecosystem" that forms and funds early-stage life science and technology companies, accelerates their commercialization and provides the infrastructure and community they need to flourish. It offers specialized wet and dry laboratory facilities, turn-key management services, a $10 million Venture fund and an experienced real estate management team. Situated on 1.7 million sq. ft. of real estate on Market Street, adjacent to all of Philadelphia's major universities and medical research institutions, Science Center is positioned in a unique vantage point for creating powerful companies by bringing together strong science and scientists, entrepreneurs, managers, grants and investment capital. Science Center is an attractive "soft landing" place for international companies to launch their US businesses, and is a powerful economic engine for the regional economy. Since 2002, companies started at Science Center have attracted more than $300 million in additional investments.
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