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RTP’s CivaTech Gets $1M Fed Contract

CivaTech Oncology, a Research Triangle Park company developing cancer-therapy devices, has landed another million-dollar federal grant to help expand its offerings.

CivaTech received a $249,048 Small Business Research Loan earlier in 2012 from the North Carolina Biotechnology Center. Now the company has also received a $1 million Phase II contract from the National Institutes of Health and the National Cancer Institute.

The loan and the grant are to further the company’s development and commercialization of its CivaSheet device, a low-level radiation device that can be inserted into the body to treat non-small-cell lung cancer, and can then be harmlessly absorbed by the body after its work is accomplished.

“We are extremely proud to be among the organizations selected to receive a Phase II contract,” said Suzanne Babcock, co-founder and executive chairman.

“Our company has dedicated itself to the mission of improving cancer therapy with novel polymer-based radiation sources that strive to maximize quality of life. We are very excited about the recognition and support provided by the National Institutes of Health and the National Cancer Institute and I would like to thank the members of our team who worked with enthusiasm and perseverance to make this possible.”

This is the second NIH grant for CivaTech. In 2010 the company received a Phase I grant to begin development of CivaSheet, which Babcock describes as “a breakthrough technology for the treatment of tumors where dose uniformity, bioabsorbability and a uni-directional treatment are critical.”

CivaTech also received a $1 million Series B round of investment funding in 2008.

The first of the company’s proprietary low-dose-rate brachytherapy devices, the CivaString, has been cleared by the FDA for use in localized tumors. The company is also developing innovative implantable bioabsorbable brachytherapy products for the specialized treatment of breast and other localized cancers.

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