Clark School Home UMD

ISR News Story

Shapiro's Otomagnetics Recipient of BioMaryland Center Award

Otomagnetics, a startup with roots in the Clark School, was recently named one of seven innovative life sciences companies to receive a Biotechnology Development Award through the BioMaryland Center, an office within Maryland’s Department of Business and Economic Development.

The BioMaryland Center awarded up to $200,000 to each of the companies and one educational institution, totaling $1.5 million in funding to accelerate the commercialization of a wide range of treatments and technologies.

Led by Fischell Department of Bioengineering and Institute for Systems Research (ISR) Professor Benjamin Shapiro, Otomagnetics is a magnetic particle drug delivery system for treatment of sudden hearing loss and, eventually, common ear infections. Along with ISR Associate Research Scientist Dr. Didier Depireux and the rest of the Otomagnetics team, Shapiro has worked to design a minimally invasive platform technology that directs and delivers therapeutics to the middle and inner ear to enable treatment of conditions such as sudden hearing loss, tinnitus and middle ear infections.

About the BioMaryland Biotechnology Development Award

Since its inception in 2010, the BioMaryland Biotechnology Development Awards program, a key component of Maryland Governor Martin O’Malley’s Bio 2020 initiative, has provided more than $6 million to 32 Maryland life sciences companies.

Related Articles:
Article about Otomagnetics in Action on Hearing Loss newsletter
Five ISR faculty part of $8 million NIH grant to combat hearing loss in older people
Kanold study in Neuron: A short stay in darkness may heal hearing woes
Delivering Drugs to Inner Ear, Eyes, and Brain Made Easier with "Magnetic Syringe"
Shapiro, Depireux team for series of grants to combat hearing loss

March 14, 2014


Prev   Next

 

 

Current Headlines

University of Maryland School of Engineering Announces Unprecedented Investment from A. James & Alice B. Clark Foundation

UMD Solar Decathlon team takes 1st place in the U.S., 2nd place in the world

UMD Researchers Develop Stable, Robust Li-ion Battery Chemistry

Five ISR faculty part of $8 million NIH grant to combat hearing loss in older people

Building Together Announcement Garners Extensive Media Coverage

Maryland Power Electronics Laboratory participates in Maryland Manufacturing Day

The Home of the Future

Espy-Wilson's technology included in new Alcatel MOVE TIME smart watch

John Baras named AIAA Associate Fellow

Empowering Voices in Engineering

News Resources

Return to Newsroom

Search News

Archived News

Events Resources

Events Calendar