Cabinet for Economic Development
Ischemia Care LLC Awarded Funding for Stroke Detection Technology
Blood test would be the first capable of accurately diagnosing strokes and mini-strokes
FRANKFORT, Ky. (May 27, 2010) – Governor Steve Beshear and Cabinet for Economic Development Secretary Larry Hayes today announced the award of up to $100,000 in state funding for Ischemia Care LLC, an Ohio company that is relocating to Northern Kentucky. The state funding was approved today by the Kentucky Economic Development Finance Authority (KEDFA) through the Cabinet for Economic Development’s High-Tech Investment Pool. Ischemia Care anticipates creating seven new high-tech jobs paying an average salary of $60,000.
Ischemia Care is a molecular diagnostics company focused on developing a blood test that can more easily diagnose strokes and transient ischemic attacks (mini-strokes), which can lead to more timely diagnosis and treatment.
“Strokes are a leading cause of death and serious, long-term disability in Kentucky,” said Gov. Beshear. “Today’s KEDFA award will not only help to create new high-tech jobs, but will also support additional research on a very promising technology that could positively impact the lives of millions of patients and their family members here in the Commonwealth and nationwide.”
Currently, no FDA-approved blood test exists for diagnosing strokes and mini-strokes, so the new test and subsequent improved ability to apply the proper therapy could revolutionize stroke treatment. An estimated 20 to 40 percent of strokes are of unknown causes, which typically results in the patient receiving a conservative treatment regimen and, consequently, increasing the probability of another stroke.
Ischemia Care’s test could help physicians differentiate between the subtypes of stroke, helping lead to improvements in treatment and outcomes. The company is partnering with leading research and stroke centers.
“This award will greatly accelerate our plans to equip a laboratory, create high-tech jobs, and expedite our research efforts,” said Ischemia Care Founder and CEO Jeff June. “We’re grateful to the Northern Kentucky e-Zone and the Cabinet for Economic Development for their support of our work on this important and much-needed technology.”
A client of the Northern Kentucky Innovation and Commercialization Center, Ischemia Care projects creating a minimum of seven full-time, high-tech and technical support jobs for Kentucky residents by December 31, 2011, paying an average annual salary of $60,000, exclusive of benefits.
The award was funded through the Cabinet for Economic Development’s High-Tech Investment Pool, which is used to build technology-based and research-intensive companies and projects. Kentucky’s statewide network of six Innovation and Commercialization Centers and seven Innovation Centers provides locally accessible, business-building consulting and related services to Kentucky entrepreneurs and scientists.
A detailed community profile for Northern Kentucky can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=049. Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com.