Paragonix Technologies Inc., Announces Award of a Phase I Small Business Innovation Research (SBIR) Grant to Support the Pre-Clinical Development of the Paragonix Sherpa&#0153 Cardiac Transport System

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Paragonix Technologies Inc., today announced that the National Heart, Blood and Lung Institute has awarded a Phase I Small Business Innovation Research (SBIR) grant to the company to support the pre-clinical development of the Paragonix Sherpaâ„¢ Cardiac Transport System2,3. The Phase I SBIR grant is for a six month time period from July to December 2012. Successful completion of the Phase I SBIR grant will enable a SBIR Phase II application for up to $1,000,000.

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