April 30, 2010 15:06 ET

MichBio Members Honored Among Michigan 50 Companies to Watch

ANN ARBOR, MI--(Marketwire - April 30, 2010) -  Five MichBio members were among those recognized during the Michigan 50 Companies to Watch for 2010 presentation in Lansing last night. MichBio is the association for Michigan's biosciences industry. 

The five MichBio members are:

  • Great Lakes Drug Development Company (Brighton), which provides a broad array of consulting services to support pharmaceutical companies.
  • Metabolic Solutions Development Company (Kalamazoo), a second-stage company with two drug compounds in clinical trials and several important collaborations to advance treatment for type 2 diabetes.
  • NanoBio Corporation (Ann Arbor), which is developing a new class of anti-infective products and vaccines, including treatments for cold sores, fibrosis, influenza, hepatitis B and anthrax.
  • Tolera Therapeutics (Kalamazoo), with novel T-cell targeting therapies under development to offer safer solutions for immune modulation and related medical needs.
  • Velesco Pharmaceutical Services (Plymouth), providing laboratory testing and drug formulation services to pharmaceutical companies that are developing new medicines.

Other biosciences companies honored included Integrated Nonclinical Development Solutions, a drug development support firm in Ann Arbor, and Versus Technology Inc., in Traverse City, that designs real-time locating systems for healthcare delivery use.

"Our members and Michigan's biosciences industry made a strong showing last night," said Stephen Rapundalo, PhD, president and CEO of MichBio. "They really demonstrate the breadth of bio-services available in our state, and the potential the industry holds for future growth and leadership in our economy."

Michigan 50 Companies to Watch is presented by Michigan Celebrates Small Business and its founding organizations: the Michigan Economic Development Corp., the Small Business Association of Michigan, the Michigan Small Business & Technology Development Center, the Small Business Administration and the Edward Lowe Foundation. The program honors Michigan-based second-stage companies that demonstrate high performance in the marketplace or exhibit innovative products or processes.

Nominees are judged on factors including exceptional entrepreneurial leadership, competitive advantage, and demonstrable growth in sales and employee base.

Contact Information

  • Contact:
    Jayne Berkaw
    Director, Marketing and Communications 734-527-9147
    Email Contact