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JumpStart Inc. to Invest $250,000 in Garfield Heights Startup ChanRx

Thursday, August 05, 2010

Excerpt of story provided by Crain's Cleveland Business
Written by Chuck Soder


Venture developer JumpStart Inc. has committed to invest $250,000 in a Garfield Heights company that aims to commercialize a drug to treat patients with atrial fibrillation, a condition characterized by an irregular heartbeat.

ChanRx, which two years ago spun out from drug development services provider ChanTest Corp., also of Garfield Heights, will use the money to complete development of an intravenous version of its drug, called Vanoxerine. ChanRx expects the intravenous version to work faster than an oral version of the drug, which is being tested on humans...

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