Southwest Foundation for Biomedical Research

Southwest Foundation for Biomedical Research Launches For-Profit Drug Company

Published in Hematology Week, May 26th, 2008

One of the Southwest Foundation for Biomedical Research's longest running departments is being spun off as a private, for-profit business enterprise based on the massive body of work the department has accumulated in female reproductive and related health issues.

SFBR President John Kerr, who first envisioned the concept, said the new company, Evestra Inc., is receiving all of the assets, personnel, and scientific know-how of the Foundation's Organic Chemistry Department, an internationally recognized research group in steroid chemistry, together with start-up funding from SFBR. In addition to funding provided by SFBR, which will initially be the majority shareholder of...

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Source: Hematology Week (2008-05-26)

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