Congressman Tim Ryan Announces $500,000 for Northeast Ohio Medical University

Feb 8, 2016 Issues: Education

Ravenna, Ohio – Congressman Tim Ryan announces $498,282 in federal funds to Northeast Ohio Medical University (NEOMED) in Rootstown, Ohio. These funds were provided by the Economic Development Administration to establish a pharmaceutical-focused proof-of-concept center at NEOMED. This Center’s activities will focus on accelerating the commercialization of new pharmaceuticals to applicable markets, the creation of preclinical research protocols, and the development of a commercialization program to stimulate technology commercialization via start-up and technology licensing. The total project will cost $1,155,868.

“Northeast Ohio Medical University is one of the premier medical education institutions in the United States and I’m proud to have it right here in our backyard. For more than 40 years NEOMED has provided cutting-edge training to medical professionals and researchers in Northeast Ohio. I’m happy to have had the opportunity to help support this funding and will continue to use my position in the U.S. House of Representatives to ensure that these types of federal resources are coming back home to our community,” said Congressman Tim Ryan.