Caerus Discovery receives grant to boost Zika Virus Research
Wednesday, February 15, 2017
The Prince William Board of County Supervisors has authorized a $50,000 public-private performance agreement with Caerus Discovery, LLC, to work with George Mason University, the largest public research university in the Commonwealth of Virginia, to discover an antibody for the Zika virus.
Caerus Discovery, a biotechnology company newly located at the Prince William Science Accelerator, will use its proprietary elements to identify and develop a new antibody to fight the Zika virus. The work will be performed at the George Mason University Biomedical Research Laboratory (BRL), located on George Mason University’s (Mason’s) Science & Technology Campus, Innovation Park, Prince William County, Va. The data generated from this work will also be used by Caerus Discovery, LLC to seek continued funding from the National Institute of Health (NIH), the Commonwealth Research Commercialization Fund (CRCF), angel, venture or other private investors, to further advance this important research.
“We are thrilled to participate in this important public-private partnership, with thanks to the innovative leadership and support of Prince William County,” said Cohava Gelber, PhD, MBA, Co-Founder, Caerus Discovery, LLC. “The opportunity to tap into the leading brain-power at Mason, state-of-the-art facilities at the BRL and the entrepreneurial environment here in Prince William County, solidifies our decision to locate to the nearby Prince William Science Accelerator.”
“Prince William County recognizes the importance of creating an ideal business community environment; one that promotes synergy and collaboration for entrepreneurs and startups to truly succeed,” said Corey A. Stewart, Chairman, Prince William Board of County Supervisors. “The Prince William Science Accelerator is focused on delivering world-class researchers, businesses and workforce into the community.”
The Prince William Board of County Supervisors authorized an agreement between Caerus Discovery, LLC and the Industrial Development Authority (IDA) of Prince William County and assigned a $50,000 grant from the Prince William County Economic Development Opportunity Fund (EDOF). The grant will assist the company in the purchase of materials, contractual services, labor costs and licensing fees used in the discovery of a new antibody for the Zika virus. In turn, Caerus Discovery, LLC will invest $200,000 through in-kind services and labor.