BioSpace Collaborative

Academic/Biomedical Research
News & Jobs
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  C2C Services & Suppliers™
Europe
Asia

DIVERSITY

PROFILES
Company Profiles

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Research Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
Get Our Industry eNewsletter FREE email:    
   

Banner Alzheimer's Institute Gets $6.5M From National Institutes of Health (NIH) for Alzheimer's Research; Will Create 130 Jobs


5/28/2010 9:52:07 AM

Phoenix Business Journal - by Angela Gonzales

Banner Alzheimer’s Institute has received $6.5 million from the National Institutes of Health, a move that will create 130 jobs.

The grant is part of the $1 billion in American Recovery and Reinvestment Act funds awarded nationwide to create and sustain jobs, promote scientific advances and improve human health. In Arizona, the money will be used to renovate and expand 18,000 square feet of research space to make room for two positron emission tomography imaging suites, a new magnetic resonance imaging suite, a computational image-analysis laboratory and pay for equipment needed to produce a range of PET radiotracers for researchers throughout the state.

These radiotracers, which are injected into the body to light up areas of disease, have short half lives, which means it’s difficult for scientists in Arizona to buy them from companies elsewhere because of the long travel distances, said Dr. Eric Reiman, executive director of Banner Alzheimer’s Institute and the project’s lead investigator.

“When we get our new systems, we’ll be able to more than address our own needs as well as other people’s needs,” Reiman said. “We will be able to produce these tracers in a much more productive way. We’ll be able to make these tracers and transport them to Tucson or Mayo Clinic or other places that need them.”

Construction is expected to begin soon and be completed before the end of 2011, he said. The project will create about 100 construction jobs and 34 permanent jobs at the Banner Alzheimer’s Institute on the Good Samaritan campus in Phoenix.

Reiman credits Barry Broome, president and CEO of the Greater Phoenix Economic Council, for helping build an economic model in the grant application.

“We demonstrated what kind of return on the taxpayers’ dollar the federal government gets and the size of the Alzheimer’s market occuring in Arizona,” Broome said. “This is a lot about putting in infrastructure that not only improves human health and discoveries toward human health but leverages market position.”

Reiman, director of the Arizona Alzheimer’s Consortium, said this new imaging facility will be shared with other scientists in the statewide consortium, including those at Mayo Clinic and Barrow Neurological Institute. Scientists in this consortium have worked together on projects ranging from brain mapping to tracking changes in the brain associated with the risk of Alzheimer’s disease decades before the onset of symptoms.

“We expect doing a lot more work related to evaluating prevention therapies,” Reiman said. “This is a big priority for us.”

Read more: Banner gets $6.5M for Alzheimer's research - Phoenix Business Journal


   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES
 

//-->