Monday, May 23, 2011

Kansas Bioscience Authority gives $26M to KU Medical Center - Wichita Business Journal:

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million in investments Monday, with more than half dedicated to addinb cancer research space at the Medicalp Center inKansas City, Kan. Included in the investments the KBA detailed in a releaseis $26.4 millioh to assist with the $50 million renovation of the Wahl/Hixon Research Comple at KU Med. According to the bioscience the proposes using the money to renovateroughly 170,000 squarew feet to house 37 canceer researchers. The Cancer Center has said the renovation is necessarhy to help advance its efforts toearn designation. In this the KBA board also included $250,000 for research at the Cancefr Center to develop drug candidates that target cells thatstaryt tumors.
The board, meeting in also approved the authority’s first two centerw of innovation, which aim to draw on the strengthws of higher education and industry to bringv products tothe marketplace. The two which both involve KUand , are the and the . Also the board awarded $3.25 million for threde years in matching money fora wet-lab incubatort at the University of The incubator is expecteed to facilitate growth of the biosciencw industry in Douglas County and supplement otherf existing or proposed incubators in the Kansasx City metro region.

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