Putting liver on a chip

Battelle Ventures spins out Hepregen, commits $5 million to develop microliver platform.
| 3 min read
PRINCETON, N.J.—With a $5 million commitment from Battelle Ventures LP and its Tennessee affiliate, Innovation Valley Partners, Hepregen Corp. has been spun out from the Massachusetts Institute of Technology (MIT).
The company's first goal will be advancing and commercializing a microliver platform into the drug development pipeline for the pharmaceutical and biotechnology sectors, says Battelle Ventures General Partner Mort Collins. Hepregen received the first $3 million from the funds last summer, with the additional $2 million available at management's request.

Leading Hepregen as president and CEO will be Bernadette "Bonnie" Fendrock, a 15-year biotech veteran who co-founded the Medford, Mass.-based company in July 2007 along with Drs. Sangeeta Bhatia and Salman Khetani, the two MIT scientists behind the technology. Hepregen has an exclusive license agreement with MIT for 10 patents and patent applications related to the microliver platform technology.
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Volume 5 - Issue 4 | April 2009

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