SOURCE: Biosof LLC

Biosof LLC

November 09, 2010 12:06 ET

Biosof LLC Awarded Qualifying Therapeutic Discovery Projects (QTDP) Grant

NEW YORK, NY--(Marketwire - November 9, 2010) -  Biosof LLC, software developer and service provider to the life sciences and health care industries, announced that the Federal government awarded it a grant to support the continuation of the development of Biosof's PubSeq scientific knowledge search engine. The award was made through the Qualifying Therapeutic Discovery Projects Grant Program (QTDP). QTDP grants are being provided under section 48D of the Internal Revenue Code enacted as part of the Patient Protection and Affordable Care Act of 2010.

PubSeq is a novel scientific knowledge management system capable of mining the scientific literature for meaningful, accurate and relevant data. PubSeq helps drive genomics, proteomics research by automatically uncovering data from the scientific literature in a manner not possible with computational tools available on the market today.

In 2009, Biosof was awarded a Small Business Innovation Research (SBIR) grant from the National Institute of Health to initiate developments of the PubSeq system. "This award helps us extend the capabilities of the software and accelerate the development efforts," said Dr. Burkhard Rost, co-founder of Biosof and head of the Scientific Advisory Board. 

Guy Yachdav, Biosof's CEO, noted that the company expects to release a beta version of the PubSeq software by fall of 2011.

About Biosof
Spun off in 2004 from Columbia University, Biosof LLC is a developer and provider of commercial software and services that help life scientists in the biopharmaceutical industry leverage genomics data to discover new drug leads, verify lab experiments and significantly reduce research costs.

For more information about Biosof, visit www.bio-sof.com
For more information about the QTDP program, visit http://www.irs.gov/newsroom/article/0,,id=220809,00.html

Contact Information