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An invention by University scientists has led to the formation of Oriel
Therapeutics Inc., a company that will develop and commercialize a "smart"
inhaler for patients with lung disorders and diseases. Unlike conventional
inhalers, which deliver a constant stream of a drug, the Oriel device monitors
the patient's breathing and adjusts the delivery of the drug to improve
treatment.
Oriel was founded by Anthony Hickey, a professor in the School of Pharmacy, and
by Timm Crowder, who recently earned a doctoral degree in biomedical
engineering at Carolina.
"This technology will enhance the treatment options for asthmatics and those
suffering with other pulmonary diseases," Hickey said. "It may also be an
effective approach to the delivery of drugs for heart disease, cancer and
diabetes."
The company, which recently raised its first round of private financing and has
moved into facilities in Research Triangle Park, exclusively licensed the
patent rights from the University under an agreement signed last October. Under
the agreement, the University received equity in the company and will receive
royalties on sales of devices.
"This is an exciting technology with enormous potential to help patients and
promote economic development in North Carolina," said Mark Crowell, director of
the Office of Technology Development, which assisted Oriel's formation. "The
inventors have worked very hard to get their technology ready for the
marketplace. We think this company's on a fast track to success."
The invention resulted from a decade of research into pharmaceutical powders
and inhaler design, Hickey said.
"The principle on which the technology is based involves mathematically
interpreting the flow and dispersion properties of powdered medications and
using a unique packaging system to deliver them to the lungs," he said. "The
efficiency of delivery, even of very small doses, from the new inhaler should
make it possible to use therapeutic approaches that were difficult to achieve
in the past."
Oriel is among the latest companies spawned from Carolina research. Last year,
Carolina research resulted in the formation of a dozen tax-paying, for-profit
spin-off companies, officials said. That directly benefits the North Carolina
economy by creating new jobs and helping improve the quality of life for state
citizens.
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