Pitt Spinoff LyGenesis raises $3 million to advance organ regeneration technology
LyGenesis, a biotech firm founded by three doctors associated with the University of Pittsburgh, UPMC and the University of Pittsburgh Innovation Institute, has raised $3 million in equity funding from investment company Juvenescence Ltd.
Based on a decade of research, LyGenesis has developed a technology that regrows organs within the patient’s own body. It does this by using lymph nodes as bioreactors, which it has demonstrated by rescuing animals from otherwise fatal cases of organ failure.
The techniques used by LyGenesis to regenerate organs enable “patients considered too sick or having too many comorbidities to qualify for traditional organ transplantation to receive treatment,” said Michael Hufford, CEO, in an announcement.
British Virgin Islands-based Juvenescence invests in companies with therapies for aging and age-related diseases.
Cleveland company encounters fast start as it sets up shop training Pittsburgh software developers
In February we told you that Cleveland-based Tech Elevator had stolen Pittsburgh Technology Council vice president Justin Driscoll to start up and run its Pittsburgh campus and training program to meet Western Pennsylvania’s ever-growing need for software developers.
Since that report, Tech Elevator has refurbished and occupied a new training facility at The House of Metal on Pennsylvania Avenue on the North Side. On May 15, they sold-out their first training cohort for developer wannabes, which starts on May 29. Sixteen students will learn Java skills and, according to Driscoll, be ready for employment in 14 weeks as Junior Software Developers.
The company has also signed up more than 20 local companies as Employer Partners, who will look to hire graduates from these programs, and who collectively have more than 300 open job requisitions for software developers.
“This is as fast a start as we could possibly have imagined,” Driscoll told us. He said they’ve decided to open enrollment for the next cohort, which will train participants in Java and .Net skills, starting September 17.
Upcoming business, career & networking events
Leadership Breakfast with Bishop David Zubik
Saturday, May 19, 8:30 – 10 a.m. at Babb, Inc.
The Next Frontier in Green Buildings
Tuesday, May 22, 1 – 5 p.m., at Google @ Bakery Square
Stories from start-ups using government as their platform
Thursday, May 24, 5:30 – 7 p.m. at Google @ Bakery Square
Winning the Talent Wars – featuring Hervé Tiberghien, VP of HR, PPG
Tuesday, May 29, 11:30 a.m. – 1:30 p.m. at the Rivers Club