29 Nov Stratatech lands new $975,000 federal grant
Madison, Wis. – A Madison biotechnology company that is developing products for wound care has been awarded a $975,000 federal “fast-track” grant from the National Institute on Aging, according to a report in the Madison Capital Times.
Stratatech Corp. will use the small business innovation research (SBIR) grant to continue development of genetically enhanced products to encourage the natural healing of chronic wounds and burns. Its flagship product, the StrataGraft skin tissue, is undergoing clinical trials for the treatment of burns and severe skin trauma.
The fast-track grant is the third government award that Stratatech has received in recent months, including a $750,000 grant from the Wisconsin Department of Commerce and a $1.45 million Phase II SBIR grant from the National Institute on Aging.
• Doyle announces $750,000 award for Stratatech
• Stratatech Corp. lands another federal research grant
• Venture-backed firms could become eligible for federal SBIR grants