STC.UNM Signs Two New Deals

STC.UNM has signed two new agreements that could bring several new technologies, from new biotech to new pesticides, to market.
The new agreements, with Accelera Diagnostics and EcoPesticides, have the potential to use technology developed at UNM and create several new companies.
STC.UNM and EcoPesticides International announced Wednesday that the two have signed a new licensing agreement that could bring technology worth $5 billion to the pesticide market. The new technology is an alternative to a chemical pesticides and uses bacteria that can infect specific insects.
EcoPesticides is currently in its Series A fundraising round and is pursuing patents in other countries, as well as finalizing a major research effort in Africa supported by the Bill and Melinda Gates Foundation.
EcoPesticides President and CEO Les Stewart said, “There is a growing recognition that some chemical pesticides potentially do more harm than good. What is exciting about our technology is that it enables potentially widespread use of microbial pesticides and facilitates the targeting of pests, while minimizing exposure to non-target insects.”
The agreement with Accelera, which is a spinoff of Sunbelt Technologies, is for 21 new technologies that include compounds for new drugs, devices, and new analysis methods. The technologies were developed by several researchers from UNM, and Accelera, a venture capital firm, will develop them.
“Today marks the beginning of a great relationship between Sunbelt Technologies and the Center for Molecular Discovery at UNM,” said Sunbelt Technologies founder and managing member Andy Pham. “Their highly regarded portfolio is a prime example of dedicated university researchers and scientists developing cutting edge medical technologies, and partnering with the private sector to not only realize their vision and generate profits, but importantly, to save lives as well.”
By: Dan Mayfield (Albuquerque Business First)
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