‘Medgenics’ Awarded $2.2M Grant From Israeli Chief Scientist

Medgenics, the developer of technology for the sustained production and delivery of therapeutic proteins in patients using their own tissue, reported that its wholly owned subsidiary Medgenics Medical Israel was awarded a government grant of up to NIS 8.1 million (approximately $2.2 million) from the Office of the Chief Scientist in Israel. The grant will be used to cover R&D expenses to support further clinical development of the company’s proprietary tissue-based Biopump platform technology. Medgenics holds offices in San Francisco, California and Misgav, Israel.