Avid gets funding for new radiotracer

AuntMinnie.com staff writers
Jan 24, 2005

Molecular imaging developer Avid Radiopharmaceuticals of Philadelphia has received $500,000 in seed capital from BioAdvance, a life-sciences investment fund formed by the state of Pennsylvania.

Avid intends to use the funds to support preclinical studies of its AV-1 radiopharmaceutical, which binds to amyloid plaques. Combined with PET imaging, the product will be used to identify patients with or at risk of developing Alzheimer's disease, Avid said.

By AuntMinnie.com staff writers
January 25, 2005

Copyright © 2005 AuntMinnie.com

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