Ecosystem of biomedical startups blooms in Buffalo – Business – The Buffalo News


Address: Started in Salt Lake City, opened office in UB’s bioinformatics center

Founded: 2002

Employees: about 50, and 10 hires for the Buffalo office

Funding: $30 million in venture capital funding

Launched as the Lineagen Research Corp. by the State of Utah to commercialize the extensive database of genealogical and medical records maintained by Utah’s Mormon population, according to Mark Smith, Lineagen’s national director of business development, who is based in Buffalo.

The company conducts testing of children with clinical symptoms of autism and other forms of developmental delay, to give parents and doctors the best information as early as possible, using cheek swabs instead of blood draws to minimize the trauma for the children.

Lineagen is beginning research on testing for multiple sclerosis and the common lung disease COPD, Smith said.

Lineagen was one of the first companies selected for the Start-Up NY program and is part of a state-funded genomic medicine project that links researchers in Buffalo and Manhattan. Archipel Capital, a Buffalo based investment firm, is one of its primary backers.

via Ecosystem of biomedical startups blooms in Buffalo – Business – The Buffalo News.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.