Integrated BioTherapuetics (IBT), a local company dedicated to the development of vaccines and discovery of small molecules targeting emerging infectious agents, has just received a grant from the NIH.
Specifically, the National Institute of Allergy and Infectious Diseases (NIAID) has granted this young company at least $22 million dollars to develop a vaccine to protect against the Ebola and Marburg viruses.
Ebola and Marburg are considered significant bioterrorist threats.
IBT is collaborating with the United States Army Medical Research Institute of Infectious Diseases in Ft. Detrick, MD as well as the Baylor College of Medicine in Texas and private companies throughout the U.S.
IBT graduated from a business incubator in Frederick, and since moved to Germantown. The incubator’s director, according to the Gazette, commented, “IBT graduated, quite frankly, in record time. In my opinion, they are on track to become the next MedImmune in Maryland.”
Frederick County was probably sorry to see IBT move to Germantown. Any county that establishes an incubator hopes to encourage new and interesting companies. And they want the companies to grow and develop in their county. Montgomery County government is no stranger to biotech incubators. More will be developed close to Montgomery College. The county is, you might say, in love with biotech firms.
An incubator helps a new company by providing inexpensive offices, conference rooms, funding assistance and administrative help.