CID4: Colorado Institute for Drug, Device & Diagnostic Development

728_ CID4: Colorado Institute for Drug, Device & Diagnostic Development
 "CID4 is a 501c3 nonprofit organization that's been formed to create jobs in the State of Colorado specifically in the life science industry. The institute was created to meet a need, the so called 'valley of death' between discovery of a promising technology and its actual application with people. That is a funding gap that has occurred over the last few years that makes it difficult to get companies started on technologies that are going to lead to new cures and/or medical devices," said Richard Duke, President and CEO of CID4. Larry interviewed Richard along with Kevin Smith, Exec VP and COO along with Rick Silva, Director of Technology Transfer, Anschutz Medical Campuses (Fitzsimons) about this exciting new venture. Larry asked what can we expect to see in the future? "Some of the activities we envision ourselves being involved in are essentially looking at technology across the state both from the research institutions as well as from individual entrepreneurs that have the greatest potential to lead to cures in a reasonable amount of time. The real critical part to understand is that the average drug takes 12 years and $200 million to develop. Everyone wants to know how we can be more successful in terms of bringing those products along. So the major goal of the Institute is to identify the most promising technologies in Colorado that are available for further development and then to guide that development process in a more cost efficient and time efficient manner.' Listen for more details...
Related Links: CID4 Home || CU Tech Transfer Office || CU Tech Transfer Channel || Mastering Change || Keywords: CID4, Colorado Institute for Drug Device & Diagnostic Development, Richard Duke, Kevin Smith, Rick Silva, CU TTO, Change > Channel: CU TTO > 11442720 bytes - 10/26/09 LISTEN

Comments

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