To say Therapeutic Systems Research Laboratories has been through a lot over the last year might be an understatement. The Ann Arbor-based life sciences firm lost its president and general manager, John Hilfiger, in April of last year. That led to the promotion of Elke Lipka as president of the company just at the time when it started to pivot its business model from drug development to technology accelerator.
"We are partnering intensely with academic institutions," Lipka says. "We are providing the wet lab space and drug development services."
…And more importantly showing its clients the way to non-dilutive seed capital. Therapeutic Systems Research Laboratories, commonly known as TSRL, uses an ongoing collaborative process that lets entrepreneurs leverage its expertise to obtain the data and non-dilutive funding necessary to develop and commercialize their technologies. In exchange, TSRL takes a fee and small equity stake in the company.
"Much smaller than a venture capital firm would take," Lipka says.
TSRL is focusing on companies that optimize treatment for infectious diseases, such as influenza, HSV, VZV, CMV, EBV, poxvirus, HPV, Adenovirus, and RNA viruses. It is currently working with a handful of partners, including one from the University of Michigan.
"Three are pretty active right now," Lipka says.
TSRL has hired two people over the last year, including a business development manager and a chemist. It is currently looking to hire a research scientist to add to its staff of 10 employees and one intern.
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