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N. Carolina Center Approves $350K in Start-up Loans

Tuesday, January 09, 2007 8:00:00 AM PDT | VentureDeal Staff

RESEARCH TRIANGLE, NC -- The North Carolina Biotechnology Center has approved loans to four biotech start-ups totaling $350,000.

Two of the loans were research and development loans in the amount of $150K each and the two others were for business development.  The companies receiving the loans were Addrenex, Teotten, BioMedonics and Axitare.

The Biotech Center is a private, non-profit, state-supported organization that seeks to support the biotech industry in North Carolina.

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