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January 24. 2003 6:30AM Biotech venture Pair starts up biotechnology
company
By JOE COOMBS Sun business
writer
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DOUG FINGER/ The Gainesville Sun |
Dr.
Gerry Shaw, founder and chief scientific officer of
EnCor Biotechnology, is the newest tenant at the Sid
Martin Biotechnology Development Incubator, a facility
for start-up, biotech companies in Alachua.
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University of
Florida professor has teamed up with an Alabama businessman to form
a new biotechnology company that creates disease-fighting organisms
for medical research.
Alachua-based EnCor Biotechnology Inc.
will produce antibodies, or proteins that build immunity against
illness and disease, for research in neurological diseases. Gerry
Shaw, a neurosciences professor at UF, has actually been performing
the work for more than 15 years, but recently decided to
commercialize the product with his own business
venture.
"I've been supplying (antibodies) to biotech
companies for a number of years," Shaw said. "What's gotten my
attention recently is that this has become a multimillion dollar
business. Rather than having those companies make all the money, I
decided to go out on my own. Some companies are doing similar work,
so we'll be working on some new inventions."
Shaw was
introduced to Bill Gathings through David Day, director of UF's
Office of Technology Licensing. Day and Gathings were colleagues at
the University of Alabama-Birmingham, where Gathings operated a
company similar to Shaw's venture with EnCor.
EnCor will
target neurological diseases, or ailments that impact the body's
nervous system. Antibodies will be produced and sold to companies
who conduct research on Alzheimer's disease, forms of cancer and
blood-clotting illnesses, Gathings said.
EnCor is also the
newest tenant at the Sid Martin Biotechnology Development Incubator,
a facility that houses startup, biotech-based businesses. Shaw and
Gathings moved into a lab at the Sid Martin building last month and
still are setting up their operations, but they soon will pursue
around $300,000 in financing for an initial round of
investments.
"We just need something to get us started,"
Gathings said. "We'd like to hire a couple of technicians and build
a cash flow into the business."
Gathings said he soon plans
to move to Gainesville to oversee EnCor's daily operations. Shaw, a
native of England, has worked at UF since 1986 and before that
earned his academic degrees at settings in London and
Germany.
EnCor will have one advantage, in that many of its
antibodies have already been produced by Shaw through his research
at UF.
"Most biotechs are lucky to have a product developed
after 10 years," Shaw said. "We already have a product in
place."
The company has reached licensing agreements with the
university for the commercialization of several of Shaw's
antibodies.
New products will be developed at the lab through
additional research, Shaw said.
Joe Coombs can be reached at
(352) 338-3102 or coombsj@gvillesun.com.
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