Biotech

Concussion-focused Scythian sets market debut

By GREGORY ZELLER // Scythian Biosciences Corp. is going public. The New York City/Toronto-based biotech, led by Great Neck investment banker Jonathan Gilbert on its quest to develop the world’s first pharmaceutical treatment for concussions, will begin trading Aug. 8 on the TSX Venture Exchange, one of Canada’s major stock markets. Projected to open at $8 (Canadian) per share, Scythian Biosciences (ticker symbol “SCYB”) will float upwards of 2.5 million shares – about half of…


Throwing in more towels, and that’s very good

By GREGORY ZELLER // Another week, another significant partnership for Applied DNA Sciences, which continues to make itself at home in the national textiles market. The Stony Brook-based provider of DNA-focused supply chain, anti-counterfeiting and anti-theft technologies has signed a multi-year licensing agreement with Loftex Home LLC, a well-known maker of high-quality towels and other home textiles. The new deal builds upon a prior agreement between Applied DNA and New York City-based Loftex Home, announced…


Award-winning Re-Nuble lays waste to malnutrition

By GREGORY ZELLER // An outer-borough biotech with a Long Island lineage is racing to the head of the organic-fertilizer field. Re-Nuble Inc., founded by scientifically oriented business IT specialist Tinia Pina, has snagged a 2017 American Entrepreneurship Award and the $25,000 interest-free loan that accompanies it – the latest feathers in the cap of a 2015 startup that transforms food waste into fresh produce. The American Entrepreneurship accolades are doled out by the Libra Group,…


PET project brings Applied DNA to India, and the world

By GREGORY ZELLER // Applied DNA Sciences wants to say one word to you. Just one word. Are you listening? Plastics. After checking cotton, leather, European luxury cars, Department of Defense microcircuits and other diverse, often critical verticals off its to-do list, the Stony Brook-based provider of DNA-focused supply chain, anti-counterfeiting and anti-theft technologies has signed a multi-year licensing deal with global textile manufacturer GHCL Ltd., focused specifically on polyethylene terephthalate. Known best by its…


Stock deal, textile team-up top biotech’s big week

By GREGORY ZELLER // It’s been a busy and happy week for Applied DNA Sciences. Just days after trumpeting a new and potentially lucrative research partnership with Texas-based Aloe vera-products manufacturer Lily of the Desert, the Stony Brook-based supply-chain, anti-counterfeiting, anti-theft and product-authentication specialist announced Wednesday a $1.8 million private placement led by company executives and board members and an unnamed “strategic investor.” Also this week, Applied DNA announced a new licensing agreement with Himatsingka…


Applied DNA’s soothing solution to Aloe ‘deception’

By GREGORY ZELLER // In a further display of its unique – some would suggest universal – applicability, Applied DNA Sciences may soon find its way into your favorite facial cream. And maybe your top sports drink, too, now that the surging biotech has engaged new research under a partnership with Lily of the Desert, a leading producer of Aloe vera-derived products including topical creams and nutritional beverages. The Texas-based natural products producer and the…


Familiar names abound in Center for Biotech awards

By GREGORY ZELLER // Several breakout research projects – and a few familiar faces from the cutting edge – scored funding this week through Stony Brook University’s annual biotechnology awards program. The Center for Biotechnology at SBU, an Empire State Development Division of Science, Technology and Innovation Center for Advanced Technology, has announced the recipients of the 2017-18 Applied Research and Development awards. The awards, along with matching funds from the recipients and other stakeholders,…


New federal defense contract bolsters Applied DNA

By GREGORY ZELLER // A new multiyear, seven-figure contract will expand Applied DNA Sciences’ relationship with the Department of Defense. The Stony Brook-based supply-chain, anti-counterfeiting, anti-theft and product-authentication specialist announced Tuesday that it’s won a two-year, roughly $1.5 million competitive-bid contract through the federal Defense Logistics Agency. The contract, which runs through May 2019, was granted via a Rapid Innovation Fund that provides the DLA with “innovative technologies that can be rapidly inserted into acquisition…


An SBU sweep in Bioscience Hub’s latest round

By GREGORY ZELLER // Five research projects targeting advanced medical-imaging applications, computer-based drug discoveries and a range of new pharmaceutical treatments will be backed by the Long Island Bioscience Hub. The Center for Biotechnology at Stony Brook University, on behalf of the LIBH, announced Tuesday the fourth funding round of the Hub’s technology-commercialization initiative. This time around, a total of $400,000 has been earmarked for two “feasibility” and three “proof of concept” awards, each backing biomedical…


Big investment, tiny particles and a giant leap for BNL

BY MICHAEL FAIRLIE // Brookhaven National Laboratory is stepping up its electromicroscopy game, in a big way. The fiscal year 2017 New York State budget includes $15 million for the Upton laboratory to purchase and install a cryo-electron microscope, which will work in tandem with the National Synchrotron Light Source II, the world’s brightest synchrotron light source. The Cryo-EM will be the backbone of BNL’s new Long Island Facility for Electromicroscopy, a national user facility…


Applied DNA goes ‘Beyond’ in cotton quest

By GREGORY ZELLER // Applied DNA Sciences is going to Bed Bath & Beyond, but not because it needs new towels. Instead, the Stony Brook-based provider of DNA-focused supply chain, anti-counterfeiting and anti-theft technologies, as well as product-genotyping and product-authentication solutions, is incorporating its “textile molecular tag” technology into the national retailer’s Wamsutta line – cotton products that claim to be made exclusively from pure Pima cotton grown in California. Now, thanks to Applied DNA’s…


With unique tech, Applied DNA gets into in vitro

By GREGORY ZELLER // A Stony Brook-based biotech has embarked on a five-year mission to safeguard in vitro diagnostics. In vitro studies, sometimes called “test tube experiments,” involve microorganisms, cells and other biological molecules outside their normal biological context. In the molecular biology era, such tests – performed not only in test tubes but in flasks, petri dishes and other laboratory vessels – have increased in both frequency and importance. Now, Applied DNA Sciences –…


In protein interactions, it’s the little things that count

Fair warning to the protein complexes behind some of planet Earth’s most nefarious diseases, which have hid from mainstream researchers through decades of molecular science: Stony Brook University is coming for you. An SBU-led research team has created an automated computer server that calculates complex computations for modeling protein interactions. If that sounds like thick science, it is: Aside from water, proteins are the most abundant substance in living cells, and modeling their interactions with cellular…


Financing set, cannabinoid-concussion study aims high

By GREGORY ZELLER // And now, onto the science. Canadian mining exploration company Kitrinor Metals Inc. and Scythian Biosciences Inc., a Calgary-based biotech owned by Great Neck investment banker Jonathan Gilbert, have announced a pair of deals that complete first-round financing for Scythian, which is exploring cannabinoid-based treatments for concussions. The new deals add on to the $13.08 million (Canadian) in brokered financing, led by Ontario-based Clarus Securities Inc., already raised by Scythian Biosciences, which…


At Applied DNA, they’re really getting into leather

By GREGORY ZELLER // A new international partnership backed by a host of well-known global brands will develop DNA-based security and product-authentication solutions for the leather industries. Stony Brook-based biotech Applied DNA Sciences this week announced a “research agreement” with BLC Leather Technology Centre, a UK-based R&D firm that delivers a range of services to leather suppliers, manufacturers and distributors in some 40 countries. Applied DNA President and CEO James Hayward introduced the program March 30 at…