Startups

Vanderbilt CTTC commercialized 25 COVID-19-related discoveries, facilitated nine startups during record-setting year


by May. 12, 2021, 9:00 AM

The Center for Technology Transfer and Commercialization continued to play a pivotal role in translating the research findings of Vanderbilt faculty into products and companies in 2020. Amid the myriad challenges of that year, CTTC successfully evaluated, marketed and licensed new inventions, conducted investor pitches and facilitated startup formations, executed material transfer agreements and sought issuance of patents for Vanderbilt innovations, all at levels equal to or surpassing earlier years. These activities spanned schools and disciplines across the university and Vanderbilt University Medical Center.

  • Of 575 outgoing material transfer agreements facilitated by CTTC last year, 34 were for transferring materials to other institutions to support COVID-19 research. An equivalent number of incoming MTAs were executed to facilitate ongoing COVID-19 research at Vanderbilt, allowing faculty to begin translation of their research into therapeutics for SARS-CoV-2, the virus that causes COVID-19. All COVID-19-related MTAs were prioritized.
  • Of 86 licensing transactions, nine were for COVID-19-related discoveries. These licensing transactions included COVID antibody licenses to Twist Bioscience, Leinco Technologies, IDBiologics Inc. and AstraZeneca.

Jody Hankins (Vanderbilt University)Jody Hankins (Vanderbilt University)

“Due to the intense focus on COVID-19 research in 2020, patterns of value creation at Vanderbilt were apparent even over a short time period,” said Jody Hankins, senior licensing officer of life science technologies at CTTC. “Normally, it might take years for our faculty to conceive of an idea, obtain funding, show that an invention works and for CTTC to find industry partners and negotiate licenses so that an idea can be realized as a product. Instead, demand for the output of research on COVID-19 skyrocketed, and we saw ideas being tested and licensed to industry partners within weeks or months.”

“CTTC’s work surrounding COVID-19 research crystalizes the values that guide Vanderbilt faculty and students. We are each devoted to working together to solve the world’s greatest challenges and to bringing our discoveries to the public,” said Vice Provost for Research Padma Raghavan. “I am immensely proud of and grateful to the CTTC team for their hard work and dedication. Their efforts have helped to bring this pandemic closer to a close.”

The New Ventures team identifies and supports suitable opportunities that can be built around Vanderbilt intellectual property. In 2020, the team conducted 33 investor pitches and vetted 19 startup opportunities.

In addition, nine newly formed companies entered into a first agreement—option or license—officially becoming a “startup” in 2020:

  • eFiber Innovation manufactures nanofiber-based materials that address critical needs with unparalleled performance and durability. The startup was founded by Peter Pintauro, H. Eugene McBrayer Professor of Chemical Engineering and professor of biomolecular innovation.
  • Elemeno is developing solutions for assessing decoding skill and matching children to decodable books. Elemeno was founded by former graduate Neena Saha (PhD’20).
  • HeroWear is the first exosuit for men and women, built to reduce back strain. Its patent-pending dual-mode technology turns back assistance on or off, allowing the exosuit to be used in nearly any work situation. The startup was founded by Karl Zelik, assistant professor of mechanical and biomedical engineering and physical medicine and rehabilitation.
  • IDBiologics discovers and develops human monoclonal antibodies for the prevention, treatment and cure of infectious diseases. The startup’s proprietary fully human monoclonal antibody platform enables rapid discovery and optimization of broad and potent therapeutic molecules. In July 2020, IDBiologics published results demonstrating the ability of ultra-potent monoclonal antibodies to completely neutralize the SARS-CoV-2 virus. The company was founded by Dr. James Crowe Jr., Ann Scott Carell Chair, professor of pediatrics and director of the Vanderbilt Vaccine Center.
  • Parthenon is a biotechnology company founded by Vito Quaranta, professor of biochemistry and pharmacology and director of the Quantitative Systems Biology Center. Parthenon delivers therapies with curative potential to cancer patients.
  • DeLeon Biosciences is commercializing technology jointly invented by Dr. Roger Dmochowski, professor of urology, and his colleagues from the University of Pittsburgh and the University of Pennsylvania for the treatment of inflammation-related bladder disorders.
  • EndoTheia is developing the next generation of medical devices for endoscopy, with the goal of increasing therapeutic yields through added flexibility and dexterity. The startup was born out of a collaborative effort among engineers, roboticists and clinicians who share a common mission: to improve standards of care in flexible endoscopy by re-imagining how tools are delivered through endoscopes. The company was founded by Robert Webster, Richard A. Schroeder Professor of Mechanical Engineering and associate professor of medicine and urology.
  • Arena Therapeutics is a startup focused on advancing deep brain stimulation to treat early-stage Parkinson’s disease. The company was co-founded by Dr. David Charles, professor and vice chair of neurology at Vanderbilt University Medical Center and the medical director of Vanderbilt Telehealth.
  • YAYA Scientific develops innovative diagnostic, therapeutic and integrated hardware solutions, including for noninvasive detection and identification of nerves during surgery. Founder and Research Associate Professor of Biomedical Engineering Justin Baba, specializes in generating applications of optical techniques for the sensing and diagnosis of various pathologies. The NIH National Institute of Biomedical Imaging and Bioengineering has awarded Yaya Scientific a Small Business Technology Transfer Phase I grant for the development of this novel technology.

“By vetting and facilitating the launch and growth of these startups, CTTC is helping Vanderbilt researchers to shape the future,” said Alan Bentley, assistant vice chancellor of CTTC. “We can observe importance of accelerating the societal impact that our faculty innovations can achieve, and are committed to bringing the research conducted at Vanderbilt to the public.”

Forty-two percent of all invention disclosures submitted in 2020 had at least one female contributor:

  • 100 percent — School of Nursing
  • 70 percent — College of Arts and Science
  • 59 percent — School of Medicine Basic Sciences
  • 50 percent — Vanderbilt Peabody College of education and human development
  • 48 percent — School of Medicine Clinical Sciences
  • 41 percent — School of Engineering

CTTC received and evaluated 155 invention disclosures:

  • 88 — School of Medicine Clinical Sciences
  • 58 — School of Engineering
  • 22 — School of Medicine Basic Sciences
  • 10 — College of Arts and Science
  • 4 — School of Nursing
  • 4 — Vanderbilt Peabody College of education and human development

Software, courseware and other specialized digital products are sold through VU e-Innovations. in 2020, revenue totaled more than $153,000 across 410 total license requests. It was the first year that CTTC generated more than $150,000 in revenue.

Latin American Public Opinion Project sold 43 licenses, generating more than $63,000. LAPOP is a leader in the development, implementation and analysis of data on individual opinions and behavior. As a center for excellence in survey research, LAPOP uses gold-standard approaches and innovative methods to carry out targeted and national surveys; conduct impact evaluation studies; and produce reports on individual attitudes, evaluations and experiences across the Americas.

  • Screening Tool for Autism in Toddlers and Young Children sold 381 products, totaling more than $50,000 in revenue. STAT is an empirically derived, interactive measure that has been developed to screen for autism in children between 24 and 36 months of age. It is designed for use by community service providers who work with young children in assessment or intervention settings and who have experience with autism. The STAT™ consists of 12 items and takes about 20 minutes to administer. Activities assess key social and communicative behaviors, including imitation, play, requesting and directing attention.
  • Metabolic Flux Analysis Suite sold 125 licenses, generating more than $23,000. The MFA Suite™ is a software toolkit providing a powerful approach for quantifying the rates of intracellular metabolic pathways. The information generated from the MFA Suite is useful for identifying pathway bottlenecks, elucidating network regulation and quantifying the flow or fate of carbon within a biological system.
  • Of 86 licensing transactions, nine were for COVID-19-related discoveries. These licensing transactions included COVID antibody licenses to Twist Bioscience, Leinco Technologies, IDBiologics Inc. and AstraZeneca.
  • Source: https://news.vanderbilt.edu/2021/05/12/vanderbilt-cttc-commercialized-25-covid-19-related-discoveries-facilitated-nine-startups-during-record-setting-year/

    Donovan Larsen

    Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

    Related Articles

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Back to top button