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BioFlorida today announced that 77 Florida firms were awarded more than $26 million in federal tax credits or grants under the Qualifying Therapeutic Discovery Project Program for research and development of new products or therapeutics with promise to significantly advance healthcare in the country. Florida scored 3% of the total. The program, which was created as part of the Patient Protection and Affordable Care Act of 2010, awarded up to $244,479.25 per application.
The federal credits or grants are designed for projects that show significant potential to produce new cost-saving therapies, create U.S. jobs, increase the country’s competitiveness or significantly advance the goal of curing cancer within the next 30 years. The credit or grant can cover up to 50 percent of the cost of biomedical research expenses that qualify. The maximum credit is $5 million per firm, and $1 billion for the program nationwide. Only firms with 250 or fewer employees were eligible to apply for credits or grants to put toward 2009 and 2010 investments.

Florida companies receiving awards and the amounts are:

Decimal, Inc., Sanford $221,372.85
Accentia Biopharmaceuticals Inc., Tampa $244,479.25
Accu-Break Pharmaceuticals Inc., Plantation $244,479.25
Adhaere Pharmaceuticals, Inc., Miami $244,479.25
Altor Bioscience Corporation, Miramar $874,598.45 (5 grants)
AOI Medical, Inc., Orlando $244,479.25
Applied Genetic Technology Corp., Alachua $977,917.00 (4 grants)
Aquatrove Biosciences, Inc., Miami $128,506.00
Aspiration Medical Technology, LLC, Davie $244,479.24
Atlas Spine, Inc., Jupiter $244,479.24
Banyan Biomarkers, Inc., Alachua $244,479.25
Bioheart, Inc., Sunrise $244,479.24
Bio-Nucleonics, Inc., Miami $977,916.99
Biovest International Inc., Tampa $244,479.25
Captozyme LLC, Tampa $22,484.50

Catalyst Pharmaceutical Partners, Inc., Coral Gables

$488,958.48
CHS Resources, LLC, Miami $244,479.25
Claro Scientific, LLC, St. Petersburg $244,479.25
Concordia Pharmaceuticals, Inc., Ft. Lauderdale $244,479.24
Converge Biotech, Inc., Miami $179,502.00
Convergent Engineering, Inc., Gainseville $34,726.50
CORD:USE Cord Blood Bank, Inc., Orlando $244,479.25
Cytorex Biosciences, Inc., Weston $244,479.25
Dharma Biomedical, LLC, Miami $100,638.10
Electrostim Medical Services, Inc., Tampa $244,479.24
EnCor Biotechnology, Inc., Gainesville $244,479.25
Envoy Therapeutics, Inc., Jupiter $733,437.75 (3 grants)
eTect, LLC, Gainseville $194,943.00
Eyetech, Inc., Palm Beach Gardens $244,479.24
Florida Cancer Care Network, LLC, Melbourne $244,479.25
GeneEx, Inc., Hialeah $488,958.50 (2 grants)
GeNO LLC, Cocoa $244,479.24
GlG Pharma LLC, Lutz $244,479.25
GLG Pharma LLC, Jupiter $488,958.50
Heat Biologics, Inc., Miami Beach $244,479.24
Imigene, Inc., St. Petersburg $244,479.25
InnFocus LLC, Miami $244,479.24
Intezyne Technologies, Inc., Tampa $339,770.14
iSense, LLC, West Palm Beach $244,479.25
Ivax Diagnostics, Inc., Miami $244,479.25
LifeSync Corporation, Ft. Lauderdale $244,479.25
Linguaflex, Inc., Davie $244,479.24
Mergenet Medical, Inc., Coconut Creek $244,479.24
Metabogenix Technologies, Inc., Miami $488,958.50 (2 grants)
Morphogenesis, Inc., Tampa $244,479.24
Nanotherapeutics, Inc., Alachua $924,151.12 (4 grants)
NeoGenomics, Inc., Fort Myers $244,479.24
NeoGenomics Laboratories, Inc., Fort Myers $130,000.00
Neuro Assisted Recovery, Inc. $244,479.25
Nutra Pharma Corporation, Coral Springs $244,479.25
Ocean Ridge Biosciences, LLC, Palm Beach Gardens $69,435.00
OPKO Pharmaceuticals, LLC, Miami $733,437.75 (3 grants)
Optima Neuroscience, Inc., Alachua $244,479.25
Oragenics, Inc., Tampa $733,437.72 (3 grants)
Orbus Neich Medical, Inc., Ft. Lauderdale $244,479.24
OxThera, Inc., Alachua $244,479.24
ParinGenix, Inc., Weston $488,958.48
Pioma Inc., Miami $244,479.25
Precision Medical Devices, Inc., Ft. Launderdale $244,479.25
Quantum Immunologics, Inc., Tampa $646,164.72 (3 grants)
Quick-Med Technologies, Inc., Gainesville $244,479.25
Rose Pharmaceuticals, LLC, West Palm Beach $75,000.00
SafeStitch Medical, Inc., Miami $244,479.25
Seraph Pharmaceuticals, Ponte Vedra Beach $45,750.00
Sinapis Pharma, Inc., Jacksonville $244,479.24
Skeletal Dynamics, LLC, Miami $488,958.48 (2 grants)
Syntheon, LLC, Miami $244,479.25
TauTaTis, Inc., Jacksonville $244,479.24
Tele Home Care Solutions Company, Miami $244,479.25
Tigris Pharmaceuticals, Inc., Bonita Springs $488,958.50 (2 grants)
Tissuetech, Inc., Miami $824,318.00 (4 grants)
Tyrogenex Inc., West Palm Beach $244,479.25
Venx LLC, Boca Raton $205,499.50
Winprobe Corporation, West Palm Beach $244,479.25

Xcellience Holdings, LLC, Tampa

$1,776,608.59 (13 grants)
Xcovery Holding Company LLC, West Palm Beach $733,437.75 (3 grants)
Xhale, Inc., Gainesville $422,771.25 (2 grants)

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