University of Iowa News Release
Sept. 16, 2005
Photo: Alan Moy
Cellular Engineering Technologies Locates At Technology Innovation Center
At its meeting Sept. 15, the Board of Regents, State of Iowa approved a lease for Cellular Engineering Technologies, Inc. (CET) as newest tenant of the University of Iowa's Technology Innovation Center (TIC).
CET is the latest UI biotech spin-off company to locate at the UI business incubator. The company is developing three technologies developed at the UI and licensed from the UI Research Foundation.
CET is the first TIC tenant to occupy state-supported laboratory space at the UI biotechnology incubator facility, Suite 124, 2660 Crosspark Road at Oakdale in Coralville.
CET will use the space to research and develop quantitative tools to evaluate complex physiological responses in living cells and tissues. The company is involved in cellular engineering, a field that combines the disciplines of engineering and life science to create therapeutic, research and clinical diagnostic tools. CET's technology provides precise information on how drugs or genes affect human or animal cell function or how biological molecules alter cellular mechanics. CET will also be a supplier of human umbilical and adult stem cells.
Potential markets for this technology include pre-clinical drug screening, early detection systems for biochemical threats and research tools for cell biologists and cell physiologists.
Alan Moy, M.D., a physician-scientist and former associate professor in the UI's Department of Internal Medicine and Biomedical Engineering founded the company in April 2000. Moy, who also serves as president and CEO of CET, received a bachelor's degree in biochemistry from the University of California, Davis and an M.D. from Creighton University. Anant Kamath, who has bachelor's degrees in physiology and microbiology and a law degree from the UI, and an M.S. degree in microbiology from Johns Hopkins, is CET's chief operating officer.
CET has several research collaborations with colleagues at the UI, Iowa State University, Harvard University, the University of California-Davis and the University of Tennessee, and hopes to expand these collaborations in the future.
With the addition of CET, the TIC will have 17 tenant companies. Thirty-one TIC "graduate" firms have expanded their business or met other business goals after leaving the incubator and a half-dozen other companies remained in business after leaving TIC. Nearly 90 new business ventures using advanced technology have been admitted to the TIC since the UI incubator was established in 1984.
The TIC is one of the programs of Enterprise Iowa, Centers for Research & Commercialization, which integrates existing economic development activities at the UI. Enterprise Iowa offers a comprehensive program that promotes economic development and technology transfer, provides assistance to Iowa startups and existing Iowa businesses and communities, and helps the state of Iowa develop a creative, entrepreneurial workforce. Also, Enterprise Iowa programs optimize the flow of University intellectual property into opportunities for licensing, commercialization and business development.
STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Iowa City, Iowa 52242-2500.
CONTACTS: Media: George McCrory, 319-384-0012, firstname.lastname@example.org; Program: Alan Moy, 319-335-4402; TIC Contact: Tom Bauer, interim director, 319-335-4067