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NanoBio adds 12 people in two years, looks to hire more

Concentrate, 11/13/2008

NanoBio has been growing at a rapid clip in the last two years, taking on ex-Pfizer employees and getting ready to license its products.

Excerpt:

What does $30 million buy a start-up these days? If it's NanoBio it’s a dozen new employees (including seven Pfizer refugees) and a couple of products very close to commercialization.

The Ann Arbor-based firm received $30 million in private equity from Perseus in 2006. That allowed the spin-off from the University of Michigan's Center for Biological Nanotechnology to expand its staff to 20 employees and three interns.

"We pretty much doubled in size right away," says John Coffey, vice president of business development for NanoBio.

Read the rest of the story here.

Healthcare , Nanotechnology

Ann Arbor