Fusion Antibodies: Success in Denver: Major Partnerships Clinched (continued)
"We are involved in some lucrative partnerships with Colorado entities that we found through the NITDC Denver," said Jim Johnston, Ph.D., CEO of Fusion Antibodies, a Queens University Belfast spin out company. Sales of Fusion custom antibodies have grown through a Denver company, enabling Fusion to access US markets. Several other partnerships have been created in order to conduct grant-funded research and have resulted in the development of a joint venture. These companies have a great deal of synergy with Fusion and have developed successful collaborations
Fusion produces custom antibodies and therapeutic gene products and conducts research. According to Prof. Johnston, "(Fusion's) technology can rapidly and cheaply enhance drug discovery programmes by reducing the time it takes to produce and purify proteins from 6 months to 3 weeks." Their patented, high throughput technologies have revolutionized the way antigens and antibodies are designed and produced.
Fusion Antibodies' main clients are research institutions from around the world, bio-technology companies and pharmaceutical companies. Fusion's know-how helps them to accelerate their research programs in areas such as diagnostics and drug discovery.
Fusion Antibodies provides a comprehensive service to clients that can evaluate, test trial and produce milligram to gram quantities of purified recombinant protein. It does this using its patented and award-winning high-throughput technology. This platform has revolutionized the way antigens and antibodies are designed and produced. Fusion's patented process, unique product and services have given them an excellent reputation in the Colorado Bioscience sector.
"Whenever Fusion visits the NITDC Denver, we have so many companies eager to meet with them that we scramble to fit the appointments in, so we only see Fusion's business growing in the Western US ," comments Peggy McMahon, Director, NITDC Denver.
Fusion's success has increased employment in Belfast: since 2002, Fusion has grown from 12 employees to an expected 30 employees by 2005. Much of its increase in employment and turnover is due to deals made in Denver. "Our business in the US will grow due to the Denver deals," said Professor Jim Johnston
"When we visited Denver," said Fusion's Paul Kerr, Ph.D., "we discovered an open, welcoming business community enthusiastic about working with us. They gave us an entrée to the Colorado bio cluster, the fastest growing bio cluster in the US." This view is seconded by another Fusion visitor to Denver, Richard Buick, Senior Research Scientist, who concludes "We have found our business opportunities have grown rapidly from visiting the NITDC Denver."
|