clinical development with nanoparticle technology for a novel RNAi therapeutic to treat liver fibrosis. Chivukula, who is chief scientific officer and COO, also specialized in nanoparticle drug delivery systems at Nitto Denko. They are developing a novel delivery system at Arcturus, Chivukula says.
Arcturus is targeting rare diseases for which there is no adequate treatment. Arcturus says proceeds of the funding will be used to purchase capital equipment, advance the startup’s proprietary drug delivery technology, RNAi target selection, and design of pre-clinical, proof-of-concept studies.
In a statement issued by the company, Payne says, “Researchers have made great strides in recent years in diagnosing, treating and even preventing a variety of rare diseases. Still, much more remains to be done because there are no treatments for the vast majority of rare diseases which affect an estimated 25 million to 30 million Americans.”
Craig Willett, CEO of coaching services provider Voice of the Entrepreneur, has joined its board of directors, according to a separate release from Arcturus today. Nicholas M. Dean, who founded Excaliard Pharmaceuticals in 2006, joined the Arcturus scientific advisory board.
Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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