Columbia Biosystems continues progress in the new year:
Columbia biosystems has been physically located to the University of Maryland Baltimore County (UMBC) Technology Center. This is a great environment for a biotech company. To be a tenant here, you have to be a biotech or information systems company. There are about 20 biotech companies here and the support and feed back is great.
already, numerous unique mrsa protiens have been identified as possible mips binding sites, the most promising one is the penicillin binding protein, which has a low affinity for betalectam antibiotics, and makes the bacteria resistant to these antibiotics.
currently, research is ongoing to determine addition proteins, and to verify and isolate those already discovered, expected to be completed by 2nd q 2009.
columbia biosystems has recently applied for a number of grants which can total almost $2mil. raising money without selling stock is a very good sign.
