RUSNANO Invests in Major Preclinical Studies Center near Moscow
OREANDA-NEWS. June 04, 2010. The Supervisory Council of the Russian Corporation of Nanotechnologies (RUSNANO) has approved the corporation’s participation in a project to create a center for preclinical studies. The project’s budget will total 1.6 billion rubles, from which RUSNANO will invest 228 million rubles in equity and extend a loan of 580 million rubles (19.3 million dollars). A project applicant, Investment Advisory Group (IAG), will contribute 52 million rubles in equity. A financial coinvestor will contribute 180 million rubles in equity and extend a loan of 19.3 million dollars.
This project’s annual revenue is expected to reach 1.3 billion rubles by 2015. Approximately half of this revenue will come from conducting preclinical tests under foreign contracts.
After passing an external audit the center will be
Academician Mikhail Kirpichnikov of the Lomonosov Moscow State University (MSU) Biology Department will head scientific oversight for this project. He will be working with leading chemico-biological institutes of the Russian Academy of Sciences (RAS), such as: Institute of Physiologically-Active Materials (IPAM RAS), Zelinsky Institute of Organic Chemistry RAS, Nesmeyanov Institute of Organoelemental Compounds RAS, Shemyakin-Ovchinnikov Institute of Bioorganic Chemistry RAS, etc.
The Lovelace Respiratory Research Institute (LRRI) from
The center will be built in Dubna, a city near
The center will focus in nanotoxicology studies, including nanoparticle safety testing, certification and preclinical testing of nanosubstances, nanomedical preparations and nanovaccines for safety, efficacy and adherence to technological parameters. For this purpose, the center will be equipped with additional laboratories and instruments to work with cell cultures, perform electron microscopy studies and specialized chemical analysis of nanomaterials.
“This project should play an important role in the development of domestic innovative pharmaceuticals,” Olga Shpichko, RUSNANO Managing Director says. “According to the Russian pharmaceutical sector development strategy Pharma-2020, more than 1,000 preclinical studies should be conducted annually in
“The preclinical studies center will specialize in safety of innovative nanoproducts. It will serve as a springboard for world market entry of prospective new Russian products, and at the same time attract foreign product innovations to
“The Lovelace Respiratory Research (LRRI) Institute is pleased to learn that such an important project as the creation of the first in
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