Local angel investment firm Centennial Investors has put $230,000 into a Columbia-based biotech company developing drugs to treat the wasting disease cachexia in animals.
Animal Health Specialties is one of two companies scientist Kenneth Gruber has founded to commercialize his cachexia research. When he relocated to Columbia in January 2011 from Wake Forest University in North Carolina, he brought his first company, Tensive Controls, with him. The main draw was the Missouri Innovation Center’s Life Science Business Incubator on South Providence Road, where Gruber still works.
While the science is the same, Tensive Controls aims to develop a human drug for cachexia, which often affects people with cancer or other debilitating diseases such as HIV/AIDS. Gruber formed Animal Health Specialties as a separate company in the summer of 2012 to develop the drug for pets because the regulatory hurdles are lower and required tests are far fewer.
Missouri Western State University in St. Joseph has received the largest research grant in its history. University officials announced Thursday that the school was awarded a $1 million, three-year National Science ... Read More
Business is sweet at local chocolate company Bissinger’s.So sweet, in fact, that Bissinger’s just paid $4 million for a 220,000-square-foot building at 1600 N. Broadway, and is planning an $11 million ... Read More
Spring Venture Group plans to move its headquarters from Leawood to bigger digs near Crown Center to help the firm add roughly 400 employees in the next three years. The relocation ... Read More
The Missouri Department of Economic Development (DED) announced today that LightEdge Solutions, a colocation and information technology company owned by Anschutz Investment Company, will open a new regional office in Kansas ... Read More
Missouri’s efforts to streamline and simplify the permitting process for Missouri businesses have earned national recognition, Gov. Jay Nixon announced today. Earlier today, the Environmental Council of the States (ECOS) announced ... Read More
TSI, a technology company that specializes in voice and data applications and system design, has partnered with a Springfield, Mo.-based firm, ServiceWorld Computer Center, to create TSI Technology Solutions LLC, which ... Read More
Warwick, R.I.-based Claflin Medical Equipment is expanding its distribution network to St. Louis. The 196-year-old medical equipment supplier will operate its St. Louis distribution center out of a warehouse in Earth ... Read More
Missouri University of Science and Technology in Rolla plans to add 100 new faculty positions over the next seven years, university President Cheryl Schrader announced Monday. The hires will increase the ... Read More
Custom Truck & Equipment is nearing completion of an $8.6 million expansion of its headquarters site, which is located on the former site of the GST and Armco steel plants. The ... Read More
The Missouri Department of Economic Development (DED) today announced that a Kansas City-based mechanical construction company will be expanding their local operations. U.S. Engineering’s $2.8 million expansion project is expected to ... Read More