Issue Date: November 28, 2016
Grant from Texas prompts biotech to move
The biotech firm Ruga Corp. has changed its name to Aravive Biologics and moved from Palo Alto, Calif., to Houston after receiving a $20 million grant from the Cancer Prevention & Research Institute of Texas (CPRIT). The product of a 2007 state constitutional amendment, CPRIT has to date awarded $1.7 billion to Texas researchers. Aravive will be based at the Texas Medical Center, where it will develop Aravive-S6, a fusion protein designed to block a signaling pathway active in acute myelogenous leukemia.
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