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Tuesday, 04/15/2014 9:12:27 AM

Tuesday, April 15, 2014 9:12:27 AM

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Medgenics awarded $2.2 mln grant from the Israeli office of the chief scientist (MDGN) :

Co announced that its wholly owned subsidiary, Medgenics Medical Israel was awarded a government grant of up to NIS 7.7 million (approximately USD 2.2 million), from the Office of the Chief Scientist at the Ministry of Economy of Israel.
The grant will be used to cover Research & Development expenses for the 12-month period from December 2013 through November 2014 to support further research and clinical development of the Company's proprietary, tissue-based BioPump platform technology with respect to the treatment of new rare and orphan diseases and anemia.

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