Published: November 11, 2010
Syntiron, LLC Awarded a Qualifying Therapeutic Discovery Project (QTDP) Grant under the U.S. Patient Protection and Affordable Care Act of 2010
SAINT PAUL, Minn. - (BUSINESS WIRE) - Syntiron, LLC, a private biotech company located in St. Paul, Minnesota,
today announced the company was awarded a U.S. government grant under
the Qualifying Therapeutic Discovery Project (QTDP) Program. Syntiron
received the grant of $244,479 in support of its Bacterial Vaccine and
Therapeutic Platform Technology, which includes the development of
vaccines to prevent infections by Yersinia, Salmonella and Staphylococcus
bacteria.
The QTDP program, included as part of the Patient Protection and
Affordable Care Act of 2010, is a tax credit intended to support
biomedical research in the United States. The grant targets projects
that show reasonable potential to result in new therapies to prevent,
diagnose or treat chronic or acute conditions; reduce long-term health
care costs; or significantly advance the goal of curing cancer within a
30-year period.
Joe Shaw, CEO of Syntiron, indicated that these funds would be utilized
to advance the development of Syntiron's platform of vaccine technology:
"We consider this award further validation of the goal of Syntiron, to
reduce the incidence and severity of bacterial diseases in the world's
population."
About Syntiron
Syntiron holds the exclusive license
to the human applications of the EpitÅpix patented SRP technology which
EpitÅpix already markets for veterinary applications. These vaccines
have proven safe and effective against a variety of animal bacterial
infections, and are approved and marketed for use in cattle in the
prevention of Salmonella and E. coli infections.
Syntiron is the recipient of a number of grants from the National
Institutes of Health and was awarded a $4.1 million contract from the US
Defense Threat Reduction Agency (DTRA) for early stage development of
vaccines against three potential bacterial bioterrorism threats. In
December 2009, Syntiron announced an exclusive $149 million world-wide
licensing agreement with sanofi pasteur, the world's largest vaccine
manufacturer, for Syntiron's human vaccine against Staphylococcus
aureus.
Disclaimer
This press release includes
forwardâlooking information and statements that are subject to risks and
uncertainties that could cause actual results to differ materially from
those stated or implied by such forwardâlooking statements. The
potential risks and uncertainties include, but are not limited to,
economic and market conditions in the geographic areas and industries
that are or will be major markets for Syntiron's vaccines. Although
Syntiron believes that its expectations and the information in this
press release were based upon reasonable assumptions at the time when
they were made, it can give no assurance that those expectations will be
achieved or that the actual results will be as stated in this press
release. Syntiron undertakes no obligation to publicly update or revise
any forwardâlooking information or statements in the press release.

Syntiron, LLC
Ms. Amber McKinzie, 651-641-2876
Fax:
651-641-2877
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