The Austen BioInnovation Institute’s newest center is helping local hospitals, universities and biomedical companies navigate the requirements to launch products.
Since the beginning of the year, when it opened, the Center for Clinical Trials and Product Development has been working with several Northeast Ohio companies “to help them bring their products to the marketplace,” said director Stanley C. McDermott.
“We can work with companies to help go through regulatory testing,” including requirements for U.S. Food & Drug Administration testing, McDermott said.
The center can generate revenue for the BioInnovation Institute, which gets paid by outside companies for consulting services, McDermott said. About five companies are using the center’s services.
The center also is working to land clinical trials to test pharmaceutical products and medical devices at Akron Children’s Hospital and Akron General and Summa health systems, Mc- Dermott said.
“We want to even better emphasize the clinical trials,” which provide patients with access to the newest treatment options, McDermott said.
By working together, he said, the partner hospitals can be more attractive as sites for clinical trials.
“We serve as a single point of contact for the pharmaceutical and medical device industry,” McDermott said.
The offices for the center are in the BioInnovation Institute’s new headquarters. Clinical trials and related testing take place at the partner hospitals.
McDermott joined the institute last year after serving as president and chief scientific officer for a clinical research company in the Kansas City area.
He previously worked with BioInnovation Institute President and Chief Executive Frank Douglas in the pharmaceutical industry during the 1980s and 1990s. It was that connection that led him to consider leaving the Missouri area, where he had spent his career.
The BioInnovation Institute “is a fun thing to be part of,” he said. “We all feel an urgency to do our best and help Akron and our partners and the community create jobs.”