Oklahoma support, investment seeds Altheus Therapeutics
Homegrown bioscience startup company earns support of local investors.Published: Tuesday, November 26, 2013 By: Scott Meacham Source: The Oklahoman
Altheus Therapeutics Inc. is an Oklahoma homegrown example of a startup bioscience company doing drug commercialization right.
The company shows what can come about when the Oklahoma Center for the Advancement of Science and Technology, the University of Oklahoma, the state's bioscience community, angel investors, and i2E combine resources, dollars, and expertise to help a bioscience company with a great technology beat the odds.
Altheus provides novel front-line therapies for treating ulcerative colitis and potentially other inflammatory bowel diseases. The causes of these autoimmune conditions are not known. There is no known cure. The symptoms are chronic and typically require a lifetime of care.