Apr 23 2007, 9:52 AM EST
News source: Business Wire
The fountain of youth will be one step closer on April 30th, 2007 as the University of Iowa (UI) and National Genecular Institute, Inc. (NGI(TM)), a California subsidiary of Dermacia, Inc., will break ground on the development of a 90,000-square-foot research laboratory and business incubator facility on the UI Oakdale Research Campus (ORP) in Coralville, Iowa.
Invitees for this significant step into the future of bioscience will be United States Senators Hilary Clinton, Thomas Harkin, Barack Obama and John Roberts, as well as Massachusetts' Governor, Mitt Romney.
"This is an exciting partnering opportunity for us as this joint project is in line with the UI's aspiration to expand its business incubator facilities and spur growth in its Oakdale Research Park," said Meredith Hay, UI vice president for research.
With an estimated building cost of $22 million, the project consists of the design, development and construction of a state-of-the-art research facility. NGI's section of the new facility will be used to advance innovative research in customized medicine through its broad research in genetics pharmacogenomics, molecular cell biology, laser optics, nanobiology and federally approved stem cell research. NGI projects that 178 new jobs will be created during a three-year period and the jobs will be in the scientific field.
"The University of Iowa is recognized as one of the premiere scientific research universities in the nation," says Matt Nicosia, Dermacia's chief executive office and co-founder. "NGI's mission of 'Extending Life One Cell at A Time' will benefit greatly from this partnering and our research efforts will usher in the next generation of cosmeceuticals and skin care."
Beyond the Coralville facility, NGI plans to purchase 3.86 acres in Iowa City on which it plans to build a 20,000 sq.ft. facility to be used as a biobank, a repository for genetic and cellular materials, which will be one of the largest and most sophisticated in the world.
"Imagine a future where each person can obtain custom-made, individualized skin products targeted for their own skin's characteristics and susceptibilities, such as sun sensitivity, predisposition to skin cancers, early aging and tendency to form wrinkles," continued Nicosia. "Well that future is now here, it's just a matter of bricks and mortar."
This high profile, ground-breaking event will be held at 11:30 a.m. at Oakdale Research Park, Lot 1 University of Iowa, 2500 Crosspark Road, Coralville Iowa. Reception with refreshments will follow. Please R.S.V.P. 949-760-1522.
Bio: The National Genecular Institute, Inc. (NGI) was formed with the ideal of extending the quality and length of life. A subsidiary of Dermacia, Inc., the manufacturer and innovator of skin care products, anti-aging cosmeceuticals and topical pharmaceuticals. NGI is advancing the future of customized medicine in areas such as skin diseases and conditions through a global biomedical research protocol that identifies the human genetic factors causing a given disease or condition, as well as the subsequent development of targeted products and therapeutics.
For more information and interviews, contact The Professional Image, Inc. at (949) 760-1522 or tpi4pr@theprofessionalimage.com.
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