Ablitech gets funding

HATTIESBURG, Miss. - The Mississippi Seed Fund has invested $100,000 in Ablitech Inc. of Hattiesburg. Mississippi Technology Alliance President and CEO Dr. Randy Goldsmith said the company’s strong relationship with university researchers positions the company for rapid growth, and the funds will help it ramp up product development. Ablitech was formed in 2006 to bring cutting-edge university knowledge in medicinal chemistry and polymer science to market. It specializes in converting university research into prototypes that can be marketed to pharmaceutical and medical device companies. Ablitech will use the seed fund investment for product research and market development. (Source: Hattiesburg American, 10/08/09) Note: background story