from Pat:
Dear family members,
Some good news that I wanted to share with you. Continue to send warm wishes and prayers. We need them more than ever... I love you all.
pat g
Errant Gene Therapeutics Awarded $245,000 Under U.S. Qualified Therapeutic Discovery Project Program
Chicago, IL. - November 2, 2010
Errant Gene Therapeutics, LLC (EGT), a biopharmaceutical company headquartered in Chicago , Illinois , announced today that it has been awarded a $245,000 grant under the Qualifying Therapeutic Discovery Project (QTDP) program.
The QTDP, created by U.S. Congress as part of the Patient Protection and Affordable Care Act of 2010, is designed to promote medical research that could improve health and save lives.
The QTDP was intended specifically to provide incentive to smaller companies who are focusing on innovative therapeutic discoveries that show potential to produce new therapies that address areas of unmet medical need, and reduce long-term health care costs. The grant covers up to 50% of the cost of qualifying biomedical research and expenses for the tax years of 2009 and 2010, and is only available to firms with no more than 250 employees. In addition, awards took into consideration research that demonstrates the greatest potential to create and sustain high-quality, high-paying U.S. jobs and to advance U.S. competitiveness in life, biological and medical sciences.
"We are extremely pleased that our Thalagen™ project has been reviewed and assessed positively by the federal government, resulting in a grant at the maximum level available under the QTDP grant program" said Pat Girondi, EGT’s Chairman and Chief Executive Officer. "These funds and other sources continue to help support EGT’s ongoing research and development programs."
EGT said it will use the grant to develop Thalagen, a groundbreaking curative treatment for the deadly genetic blood disorder β-Thalassemia (also called Cooley’s Anemia). The company said it plans to launch the Phase 1 human clinical trials of Thalagen in Q1 2011.
About Errant Gene Therapeutics, LLC
Errant Gene Therapeutics™ (EGT) is a privately held biopharmaceutical company established in 2003. The company's mission is the development of treatments for life-threatening diseases with a special focus on rare diseases, commonly referred to as “orphan diseases.” EGT is developing its portfolio of products to correct the erroneous gene expression associated with many of these diseases. EGT therapies are currently being developed for hemoglobinopathies and selected cancers.
For more information about Errant Gene Therapeutics and its programs, visit
www.errantgene.com or call (312) 441-1800 extension 11.