U of U, Sentrx Surgical awarded by National Institutes of Health
The University of Utah and Sentrx Surgical, Inc., a company incorporated in March 2004, jointly announced today that they have received two Small Business Technology Transfer Research (STTR) awards from the National Institutes of Health (NIH). On September 1, 2004, Sentrx Surgical and the University of Utah signed a license agreement that gives the company exclusive, world-wide rights to the use of a proprietary technology invented by Dr. Glenn Prestwich at the University of Utah. The STTR program makes research awards to small businesses that collaborate with research universities on promising health-related technologies. Phase I projects are for $100,000 for one year with 40% of the funds typically remaining to support work in the company and the other 60% sub-contracted to the university.
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