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The Massachusetts Life Sciences Center, a quasi-public agency charged with administering Governor Deval L. Patrick’s $1 billion life sciences initiative, said it has awarded $3.75 million in loans to five early-stage companies.
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Under the center’s Accelerator Program, loans of up to $750,000 can be provided to early-stage companies that are engaged in life sciences research and development, commercialization, and manufacturing, the center noted in a press release.
Companies getting loans included AesRX Inc., a Newton biopharmaceutical firm developing treatment for sickle cell disease and other orphan drugs; MoMelan Technologies, a Cambridge medical device maker; and Myomo Inc., a Cambridge firm helping people regain movement after neuromuscular impairment, the center said.
Two Worcester firms are also in line to receive loans: ECI Biotech Inc., a developer and manufacturer of sensors that can be incorporated into any consumer product or medical device, and Grove Instruments Inc., which is developing a painless, noninvasive technology that accurately measures blood sugar.
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Under the center’s Accelerator Program, loans of up to $750,000 can be provided to early-stage companies that are engaged in life sciences research and development, commercialization, and manufacturing, the center noted in a press release.
Companies getting loans included AesRX Inc., a Newton biopharmaceutical firm developing treatment for sickle cell disease and other orphan drugs; MoMelan Technologies, a Cambridge medical device maker; and Myomo Inc., a Cambridge firm helping people regain movement after neuromuscular impairment, the center said.
Two Worcester firms are also in line to receive loans: ECI Biotech Inc., a developer and manufacturer of sensors that can be incorporated into any consumer product or medical device, and Grove Instruments Inc., which is developing a painless, noninvasive technology that accurately measures blood sugar.
