Louisiana Tech Nanotechnology Education Series- CNT in AFM tips
We will talk about how we can attach carbon nanotubes for a better sample graphics in Atomic Force Microscopy. Also, what kind of carbon nanotubes and the ap...
By: Jwala Parajuli
The rest is here:
Louisiana Tech Nanotechnology Education Series- CNT in AFM tips - Video
Nacotech iPhone 4s test waterproof with plasma nanotechnology
In the video, we test characteristic of water-resistance as one of our patented technologies using Iphone 4s as an example. As you can see, the phone is tota...
By: Nacotechit
Follow this link:
Nacotech iPhone 4s test waterproof with plasma nanotechnology - Video
DETROIT, May 1, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. (CTLE) is pleased to announce today the Company has signed a Non-Disclosure Agreement (NDA) with CIVIK of Mexico. The NDA will allow CIVIK to review and test 2 of Nano Labs' nanotechnologies, the nano insulate coatings and nano diamond applications, on CIVIK's proprietary LED light system.
The two nanotechnology applications being tested are as follows:
1. Employing Nano Labs' nano insulate coating, NC2012, which may allow the LED light to dissipate heat created in the LED housing thereby increasing the efficiency and life of the LED light, projected at over 55,000 hours, and:
2. Applying the nano diamond coating on the LED light glass face thereby benefiting the system by making the light brighter and protecting it against environmental damage.
Mr. Bernardo Chavarria, President of Nano Labs, states, "We are very excited to continue our work together with CIVIK. We believe the CIVIK LED system combined with our nanotechnology can produce an extremely competitive product in the commercial and government lighting marketplace. Our preliminary studies indicate a potential cost savings of 70% when compared to lights being sold by major competitors. Further to this -- and more important -- our studies indicate that the new LED light system could potentially increase energy saving up to 78% to the end user. The new LED lighting system will be smaller, emits the same light as the current lighting systems used by municipalities and shopping malls, but require much less energy and maintenance. This would represent a double win for municipalities which could then recover the cost of implementation through the energy cost savings."
The companies are working together to establish a Letter of Intent (LOI) which would outline the establishment of a strategic alliance and joint venture for the manufacturing and distribution of the technology.
The Company is pleased to report that the joint venture partnership is currently reviewing two (2) orders for 180,000 new LED Lights worth an estimated $54 million USD.
Mr. Chavarria concludes, "We are working quickly to complete the testing and make the necessary arrangements to commercialize the products should we be awarded these first orders."
About Nano Labs
Nano Labs Corp. (CTLE) is a nanotechnology research and development company which began during October 2012, but is able to access resources that encompass nearly 30 years of research and development in nanotechnology as well as hundreds of peer-reviewed and published research papers and other scholarly material. The Company's research and development team of scientists, designers, and engineers is focused on creating a portfolio of advanced products that could provide benefits to a variety of industries including: (i) consumer products, (ii) energy, (iii) materials, and (iv) healthcare. Through the use and integration of proprietary nano compounds, our goal is to evolve common products into new, revolutionary products in order to make the world a better place. Nano Labs shares are traded on the OTC Bulletin Board in the United States under the ticker CTLE. For more information, please visit http://www.NanoLabs.us.
Go here to see the original:
Nano Labs and CIVIK to Begin Testing Nanotechnology Coatings With Commercial LED Lighting Systems
Patrick J. Kiger
Nearly 60 years after researchers first demonstrated a way to convert sunlight into energy, science is still grappling with a critical limitation of the solar photovoltaic cell.
It just isn't that efficient at turning the tremendous power of the sun into electricity.
And even though commercial solar cells today have double to four times the 6 percent efficiency of the one first unveiled in 1954 by Bell Laboratories in New Jersey, that hasn't been sufficient to push fossil fuel from its preeminent place in the world energy mix.
But now, alternative energy researchers think that something really smallnanotechnology, the engineering of structures a fraction of the width of a human haircould give a gigantic boost to solar energy. (Related Quiz: "What You Don't Know About Solar Power")
"Advances in nanotechnology will lead to higher efficiencies and lower costs, and these can and likely will be significant," explains Matt Beard, a senior scientist for the U.S. Department of Energy's National Renewable Energy Laboratory (NREL). "In fact, nanotechnology is already having dramatic effects on the science of solar cells."
Of course, the super-expensive solar arrays used in NASA's space program are far more efficient than those installed on rooftops. (Related: "Beam It Down: A Drive to Launch Space-Based Solar") And in the laboratory, scientists have achieved record-breaking efficiencies of more than 40 percent. But such contests are a testament to the gap between solar potential and the mass market cells of today.
The power output of the sun that reaches the Earth could provide as much as 10,000 times more energy than the combined output of all the commercial power plants on the planet, according to the National Academy of Engineering. The problem is how to harvest that energy. Todays commercial solar cells, usually fashioned from silicon, are still relatively expensive to produce (even though prices have come down), and they generally manage to capture only 10 to 20 percent of the sunlight that strikes them. This contributes to the high cost of solar-generated electricity compared to power generated by conventional fossil-fuel-burning plants. By one comparative measure, the U.S. Energy Information Administration estimated the levelized cost of new solar PV as of 2012 was about 56 percent higher than the cost of generation from a conventional coal plant.
Nanotechnology may provide an answer to the efficiency problem, by tinkering with solar power cells at a fundamental level to boost their ability to convert sunlight into power, and by freeing the industry to use less expensive materials. If so, it would fulfill the predictions of some of nanotechnology's pioneers, like the late Nobel physicist Richard Smalley, who saw potential in nanoscale engineering to address the world's energy problems. (See related: "Nano's Big Future") Scientists caution that theres still a lot of work ahead to overcome technical challenges and make these inventions ready for prime time. For example, more research is needed on the environmental, health, and safety aspects of nano-materials, said the National Academy of Sciences in a 2012 report that looked broadly at nanotechnology, not at solar applications in particular. (Related Pictures: "Seven Ingredients for Better Car Batteries.")
But Luke Henley, a University of Illinois at Chicago chemistry professor who received a 2012 National Science Foundation grant to develop a solar-related nanotechnology project, predicts there will be major advances over the next five to ten years. "Its potentially a game changer," he says. Here are five intriguing recent nanotechnology innovations that could help to boost solar power.
Read more:
Sun Plus Nanotechnology: Can Solar Energy Get Bigger by Thinking Small
SCREAM: Thinking About Nanotechnology On Earth Day 02013
Earth Day is celebrated every April 22nd. On Earth Day 02013, it took ~4.7 Planet Earths to support my family unit #39;s lifestyle. It #39;s possible nanotechnology ...
By: Gerald Thurman
See original here:
SCREAM: Thinking About Nanotechnology On Earth Day 02013 - Video
Men Without Hats - AUGMENTED Safety Dance (15 MIN AUGMENTED NANOTECHNOLOGY VERSION)
I DID NOT ASK FOR THIS VERSION.
By: nandi075
View post:
Men Without Hats - AUGMENTED Safety Dance (15 MIN AUGMENTED NANOTECHNOLOGY VERSION) - Video
SOUTH BEND -- Ivy Tech Community College in South Bend will offer a special summer session of nanotechnology courses from May 20 through Aug. 10.
The courses will be taught at Ivy Tech, in collaboration with Penn State University's Center for Nanotochnology Education & Utilization and the University of Notre Dame.
There will be an open house from 9 a.m. to 5 p.m. Friday to provide information about the summer program. The open house, which is free and open to the general public, will be in Room 1300 at the Ivy Tech campus, 220 Dean Johnson Blvd. Nanotechnology faculty and admissions staff will be available to answer questions, demonstrate equipment and assist prospective students with enrollment.
Ivy Tech in South Bend is the only Ivy Tech campus in the state that offers an associate degree program in nanotechnology.
The summer program will consist of six nanotechnology courses presented sequentially in two-week modules. All courses are three credit hours, and will meet from 8 a.m. to 3 p.m. weekdays, each for a total of two weeks. Each student who completes the program will be awarded a certificate of completion by Penn State's Center for Nanotechnology Education & Utilization.
Housing for students who live outside the area will be available through a partnership with Indiana University South Bend.
To make a reservation for the open house or for more information about the nanotechnology program, contact Sam Agdasi at aaghdasi@ivytech.edu or by phone at 574-289-7001, ext. 6355.
See the original post here:
A researcher explains why size matters when it comes to nanotechnology safety.
Nanoparticles engineered materials that measure one-billionth of a meter or smaller can be found in hundreds of consumer products, including food, lotions, cosmetics and more. But according to one expert, some of the research conducted to determine the health and environmental safety impact of nanomaterials may have yielded misleading results.
During a lecture at the American Chemical Society (ACS) national meeting earlier this month, Christy Haynes, Ph.D., principal investigator of The Haynes Research Group at the University of Minnesota, explained that more than 800 consumer products based on nanotechnology are on the market. A new field, nanotoxicology, emerged in the last decade to investigate those concerns.
Initial work focused on using the toxicology tests that had been used for years to evaluate bulk materials, Haynes said. Nanoparticles, however, are inherently different. A nanoparticle of material used in food or a cosmetic lotion may contain just a few atoms, or a few thousand atoms. Regular-sized pieces of that same material might contain billions of atoms. That difference makes nanoparticles behave differently than their bulk counterparts.
A 1-ounce nugget of pure gold has the same chemical and physical properties as a 2-ounce nugget or a 27-pound gold bar. But for nanoparticles, size often dictates the physical and chemical properties, and those properties change as the size decreases.
Haynes said that some of the earlier nanotoxicology tests did not fully take those and other factors into account when evaluating the effects of nanoparticles. In some cases, the bottom line in those tests was whether cells growing in laboratory cultures lived or died after exposure to a nanoparticle.
While these results can be useful, there are two important limitations, Haynes explained. A cell can be alive but unable to function properly, and it would not be apparent in those tests. In addition, the nature of nanoparticles theyre more highly reactive can cause false positives in these assays.
Haynes described a new approach used in her teams work in evaluating the toxicity of nanoparticles. It focuses on monitoring how exposure to nanoparticles affects a cells ability to function normally, rather than just its ability to survive the exposure. In addition, they have implemented measures to reduce false-positive test results, which overestimate nanoparticle toxicity
So far, we have found that nanoparticles made of silver or titanium may be the most problematic, though I would say that neither is as bad as some of the alarmist media speculations, especially when they are stabilized appropriately, said Haynes. I think that it will be possible to create safe, stable coatings on nanoparticles that will make them stable and allow them to leave the body appropriately. We need more research, of course, in order to make informed decisions.
Read the rest here:
SOUTH BEND -- Ivy Tech Community College in South Bend will offer a special summer session of nanotechnology courses from May 20 through Aug. 10.
The courses will be taught at Ivy Tech, in collaboration with Penn State University's Center for Nanotochnology Education & Utilization and the University of Notre Dame.
Coursework will be completed through lectures, software-based training, laboratory experience, tool training and processing training. Students will use nanotechnology instruments in Ivy Tech's nanotechnology lab and at Notre Dame's nanofabrication facility.
There will be an open house from 9 a.m. to 5 p.m. April 26 to provide information about the summer program. The open house, which is free and open to the general public, will be in Room 1300 at the Ivy Tech campus, 220 Dean Johnson Blvd. Nanotechnology faculty and admissions staff will be available to answer questions, demonstrate equipment and assist prospective students with enrollment.
Ivy Tech in South Bend is the only Ivy Tech campus in the state that offers an associate's degree program in nanotechnology.
The summer program will consist of six nanotechnology courses presented sequentially in two-week modules. All courses are three credit hours, and will meet from 8 a.m. to 3 p.m. weekdays, each for a total of two weeks. Each student who completes the program will be awarded a certificate of completion by Penn State's Center for Nanotechnology Education & Utilization.
Housing for students who live outside the area will be available through a partnership with Indiana University South Bend.
To make a reservation for the open house or for more information about the nanotechnology program, contact Sam Agdasi at: aaghdasi@ivytech.edu or by phone at 574-289-7001, ext. 6355.
Go here to read the rest:
Power of Nanotechnology Video Blow Your Mind
What is Nanotechnology | Introduction to Nanotechnology | Nanotechnology Documentary Must watch this video : http://www.youtube.com/watch?v=xlYIex2TF5g Uploa...
By: prabhjeet Kaptaan
Read the rest here:
Anadolu Agency - Square the circle in nanotechnology
Nonwettable hydrophobic surfacing with the highest contact angle ever reachable inspired of lily pad and water-borne creatures to be produced at University of Erciyes Nanotechnology Researched...
By: anadoluagency
See the original post:
Anadolu Agency - Square the circle in nanotechnology - Video
Nanotechnology Applications in the Health Sciences Academy
Harrisburg University of Science and Technology held a free "Nanotechnology Applications in the Health Sciences" Academy, on Saturday, April 6th, for student...
By: Steven Infanti
Read the original here:
Nanotechnology Applications in the Health Sciences Academy - Video
Srinagar, Apr 9:
The Jammu and Kashmir government is in the process of using nanotechnology to authenticate the genuineness of Pashmina shawls a step that will curb counterfeiting of the world famous handloom product of the Valley.
We have got a lot of complaints about some fake products being sold to customers in the name of Kashmir Pashmina. So, we decided to use nanotechnology chips which will be fixed on genuine Pashmina products after due authentication from a laboratory, Director Handicrafts, Gulzar Ahmad Qureshi said.
Qureshi said the laboratory is being set-up at the Craft Development Institute (CDI) here and would be operational in about a months time.
We are in the process of setting up a laboratory at CDI.
It will be ready in a months time and we will start testing and authenticating genuine Pashmina products, he said.
Director, CDI, M.S Farooqi said that certification is the second step of the process to check sale of fake Pashmina shawls.
The central government awarded a patent recognising the Kashmiri origin of Pashmina in 2008. That was the first step.
Now, we are getting ready to test the products and fix nanotechnology chips on them, Farooqi said.
He said each chip will have a unique number on it which will be connected to a central database of the Handicrafts Department.
Go here to see the original:
Public release date: 9-Apr-2013 [ | E-mail | Share ]
Contact: Wenge Yang wyang@carnegiescience.edu 630-252-0487 Carnegie Institution
Washington, D.C. A team of researchers has made a major breakthrough in measuring the structure of nanomaterials under extremely high pressures. For the first time, they developed a way to get around the severe distortions of high-energy X-ray beams that are used to image the structure of a gold nanocrystal. The technique, described in April 9, 2013, issue of Nature Communications, could lead to advancements of new nanomaterials created under high pressures and a greater understanding of what is happening in planetary interiors.
Lead author of the study, Wenge Yang of the Carnegie Institution's High Pressure Synergetic Consortium explained: "The only way to see what happens to such samples when under pressure is to use high-energy X-rays produced by synchrotron sources. Synchrotrons can provide highly coherent X-rays for advanced 3-D imaging with tens of nanometers of resolution. This is different from incoherent X-ray imaging used for medical examination that has micron spatial resolution. The high pressures fundamentally change many properties of the material."
The team found that by averaging the patterns of the bent wavesthe diffraction patternsof the same crystal using different sample alignments in the instrumentation, and by using an algorithm developed by researchers at the London Centre for Nanotechnology, they can compensate for the distortion and improve spatial resolution by two orders of magnitude.
"The wave distortion problem is analogous to prescribing eyeglasses for the diamond anvil cell to correct the vision of the coherent X-ray imaging system," remarked Ian Robinson, leader of the London team.
The researchers subjected a 400-nanometer (.000015 inch) single crystal of gold to pressures from about 8,000 times the pressure at sea level to 64,000 times that pressure, which is about the pressure in Earth's upper mantle, the layer between the outer core and crust.
The team conducted the imaging experiment at the Advanced Photon Source, Argonne National Laboratory. They compressed the gold nanocrystal and found at first, as expected, that the edges of the crystal become sharp and strained. But to their complete surprise, the strains disappeared upon further compression. The crystal developed a more rounded shape at the highest pressure, implying an unusual plastic-like flow.
"Nanogold particles are very useful materials," remarked Yang. "They are about 60% stiffer compared with other micronsized particles and could prove pivotal for constructing improved molecular electrodes, nanoscale coatings, and other advanced engineering materials. The new technique will be critical for advances in these areas."
"Now that the distortion problem has been solved, the whole field of nanocrystal structures under pressure can be accessed," said Robinson. "The scientific mystery of why nanocrystals under pressure are somehow up to 60% stronger than bulk material may soon be unraveled."
The rest is here:
DUBLIN--(BUSINESS WIRE)--
Research and Markets has announced the addition of the "Nanotechnology Drug Delivery Market in the US 2012-2016" report to their offering.
One of the key factors contributing to this market growth is the low R and D cost. The Nanotechnology Drug Delivery market in the US has also been witnessing the trend of emergence of personalized medicines. However, the increasing safety concerns could pose a challenge to the growth of this market.
Commenting on the report, an analyst from TechNavio's Healthcare team said: ''Over the years, the research activities in healthcare have changed significantly. There has been a paradigm shift away from blockbusters drugs to a more personalized medicine approach. The focus is being placed increasingly on formulating drugs based on the individual's unique genome and immune response. Personalized medicines have gained significant popularity because they enable the medical profession to provide customized treatment to patients. A customized treatment is based on the genetic as well as medical profile of a patient. Increasing knowledge about the molecular causes of diseases is increasing the demand for more targeted and effective nanotechnology-enabled drug delivery therapies.''
According to the report, one of the most important applications of nanotechnology in medicine currently being developed involves employing nanoparticles to deliver drugs to specific types of cells (such as cancer cells). Nanotechnology drug delivery helps in delivering drugs directly to diseased cells, which allows direct treatment of those cells. This technique helps to avoid damage to healthy cells within the human body. Hence, drug delivery technology helps to increase the overall market success of a particular drug.
Further, the report states that one of the main challenges is the increasing safety concerns. Studies have revealed that the use of various nanomaterials may cause a variety of toxic effects. Lack of FDA directives is another major factor hampering the growth of the Nanotechnology Drug Delivery market in the US.
Companies Mentioned
- Alkermes plc
- Celgene Corp.
- Novartis AG
Follow this link:
Public release date: 8-Apr-2013 [ | E-mail | Share ]
Contact: Michael Bernstein m_bernstein@acs.org 504-670-4707 (New Orleans Press Center, April 5-10) 202-872-6042
Michael Woods m_woods@acs.org 504-670-4707 (New Orleans Press Center, April 5-10) 202-872-6293
American Chemical Society
NEW ORLEANS, April 8, 2013 Cuts in federal funding of nanotechnology research threaten to slow progress toward some of the field's greatest promises, including commercialization of sustainable new energy sources that do not contribute to global warming, an international authority in the field cautioned here today.
Speaking at the 245th National Meeting & Exposition of the American Chemical Society, the world's largest scientific society, A. Paul Alivisatos, Ph.D., expressed concern that the cuts come when nanotechnology is poised to deliver on those promises. He told the meeting, which continues through Thursday, that ill-conceived cuts could set back America's progress in nanotechnology by decades.
"The National Science Foundation announced that they will issue a thousand fewer new grants this year because of sequestration," said Alivisatos, referring to the across-the-board mandatory federal budget cuts that took effect on March 1. "What it means in practice is that an entire generation of early career scientists, some of our brightest and most promising scientists, will not have the funding to launch their careers and begin research properly, in the pathway that has established the United States as leader in nanotechnology research. It will be a setback, perhaps quite serious, for our international competitiveness in this key field."
Alivisatos described applications of nanotechnology that can help reduce fossil fuel consumption and the accompanying emissions of carbon dioxide, the main greenhouse gas. He is professor of chemistry and materials science and the Larry and Diane Bock Professor of Nanotechnology at the University of California at Berkeley, director of the Lawrence Berkeley National Laboratory and co-editor of the ACS journal Nano Letters. Nanoparticles of various substances already have been incorporated into solar panels, rechargeable batteries and other clean-energy solutions. These particles are so small that 1,000 to 100,000 could fit across the width of a human hair. When size diminishes to that scale, gold, silver, copper and other substances take on physical properties vastly different from lumps of bulk material.
Although nanotechnology remains a science in its infancy, it already has had a major impact on many other industrial segments, ranging from consumer products to national security and defense. By one estimate, more than 600 nanotechnology-enabled consumer products already are on the market, including mobile phones, cosmetics, music systems and clothing. Forecasts suggest that the global market for such products will increase by more than 10 percent annually in the years ahead.
Alivisatos expressed concern, however, that cuts in federal funding will take a heavy toll on the still-emerging field. He explained that the reductions stand to affect scientists at almost every stage of making contributions to society. Young scientists, for instance, will find it more difficult to launch research programs in new and promising fields. Established scientists will have to trim research programs, and may not have the money to explore promising new leads.
Continued here:
Seemingly small research funding cuts could hinder progress in nanotechnology
Researchmoz.us include new market research report"Global Nanotechnology And Nanomaterials Market Stage Of Development, Global Activity And Market Opportunities" to its huge collection of research reports.
Albany, NY (PRWEB) April 06, 2013
Nanotechnology applications and nanomaterials are being applied across a raft of industries due to their outstanding magnetic, optical, catalytic and electronic properties. There are already established market for nanomaterials including titanium dioxide, zinc oxide, silicon oxide nanopowders and carbon nanotubes, nanofibers, nanosilver, nanoclays, quantum dots and nanoporous materials driven by demand from applications in filtration, electronics, cosmetics, energy, medicine, chemicals, coatings and catalysts. Recent breakthroughs have heralded new market opportunities in graphene and nanocellulose. This new 502-page report from Future Market, Inc., the world's leading provider of nanotechnology and nanomaterials information and publisher of Nanotech Magazine, provides a comprehensive insight into all aspects of the market for these materials.
To Read The Complete Report with TOC Kindly Visit@ http://www.researchmoz.us/the-global-nanotechnology-and-nanomaterials-industry-stage-of-development-global-activity-and-market-opportunities-report.html
What Does The Report Include?
Comprehensive data and forecasts for the global nanotechnology and nanomaterials market to 2019. Nanomaterials covered include aluminium oxide nanopowders, antimony tin, bismuth oxide, carbon nanotubes, cerium oxide, cobalt oxide, fullerenes and POSS, graphene, graphyne, graphdiyne, graphane, indium, iron oxide, magnesium oxide, manganese oxide, molybdenum disulphide, nanocellulose, nanoclays, nanofibers, nanosilver, nickel oxide, nano-precipitated calcium carbonate, nanoporous materials, quantum dots, silicone, silicon oxide, titanium dioxide, yttrium oxide, zinc oxide and zirconium oxide
Technology roadmaps/commercialization timelines to 2020, by nanomaterials and by market
Financial estimates for the markets nanotechnology and nanomaterials will impact including aerospace and aviation, automotive, civil engineering and construction, exterior protection, communications, hygiene, cleaning and sanitary, electronics and semiconductors, energy, environment, food, agricultural, beverage, marine, medical and life sciences, military and defence, packaging, paper, personal care, plastics and rubber, printing, product security and anti-counterfeiting, sensors, sporting and consumer goods, textiles, tools and metals
Latest global regulations for nanomaterials
Toxicology
Read the rest here:
Pfizer Inc. said Wednesday that a new collaboration with Massachusetts-based BIND Therapeutics could eventually lead to drug work at company laboratories in Groton.
New York-based Pfizer confirmed a deal Wednesday that would pay BIND up to $200 million for each drug it works on that wins regulatory approval. The Cambridge company has a patented nanotechnology system that helps bypass the body's antibodies to deliver precise, therapeutic doses of new drugs to targeted areas.
"As any future investigational molecules from Pfizer advance into candidates, Groton could play an important role given the site's key development, safety and regulatory teams," Pfizer spokeswoman Lauren Starr said in an email.
Starr added that other Pfizer sites also might be involved in the collaboration with BIND. The company did not identify the types of diseases being targeted, but in the past BIND has worked on cancer, inflammatory and cardiovascular therapies.
"Pfizer has a strong legacy in targeted small molecule drug discovery and development and continues to be on the cutting edge of innovation in this area," said Rod MacKenzie, Groton's site leader and head of Pfizer's PharmaTherapeutics research division.
MacKenzie added that BIND's nanotechnology techniques bring the possibility of "optimizing the therapeutic potential" of orally administered drugs.
"BIND develops Accurins that outperform conventional drugs by selectively accumulating in diseased tissues and cells," the Cambridge company said in a release. "The result is higher drug concentrations at the site of action with minimal off-target exposure, leading to markedly better efficacy and safety."
BIND will get about $50 million in up-front payments from Pfizer for each Accurin it develops, with the potential of another $160 million or more for every drug that passes regulatory hurdles. Pfizer will decide on the drug targets, but it wouldn't say how many it will be aiming for, according to industry blog FiercePharma.
FiercePharma pointed out that the BIND collaboration "marks a key change for Pfizer," saying the company had over the past few years been spinning out drug programs rather than buying into them.
BIND is developing some of its own drugs in-house, but also has inked a key agreement with Amgen to produce new drug targets for teh California-based pharmaceutical company.
Originally posted here:
CAMBRIDGE, Mass. (AP) BIND Therapeutics said Wednesday that Pfizer Inc. has agreed to pay at least $160 million per drug as part of a collaboration to develop targeted medicines using nanotechnology which use particles measured in billionths of a meter.
BIND is developing an experimental group of targeted, programmable medicines called Accurins to treat cancer, heart disease and inflammatory disorders. The privately held companys technology comes from two laboratories that specialize in nanotechnology at Harvard Medical School and the Massachusetts Institute of Technology.
Pfizer will make initial payments of roughly $50 million, plus $160 million in regulatory and milestone payments for each targeted drug, according to an announcement from BIND.
Both companies will work on early-stage research for the drugs, and Pfizer will have the exclusive option to develop and market any products produced from the collaboration.
BIND has one product in early-stage clinical testing called Bind-014, a targeted Accurin that contains the chemotherapy drug docetaxel. The product is designed to attach itself to a protein that is expressed in some cancer cells and new blood vessels that feed tumors.
In an unrelated announcement Wednesday, the Childrens Hospital of Philadelphia said it will collaborate with Pfizer on therapies for children. Pfizer has research relationships with 21 academic hospitals throughout the U.S. with the aim of developing new products.
Continue reading here: