Local firm gets loan for bird flu vaccine
Local vaccine research and development firm FluGen Inc. is getting a $250,000 loan from the state to help in the development of a bird flu vaccine.
Gov. Jim Doyle announced the Technology Venture Fund loan to FluGen on Wednesday.
"Facing uncertain economic times, it's important we continue to invest in developing technology that will help Wisconsin compete at the high end of the global economy," Doyle said. "I am pleased we could help further the opportunities of a company like FluGen that is striving to research and improve technology in the medical field."
FluGen was founded in 2007 to create faster, less expensive ways to make flu vaccine.
The loan will be used by the Madison company to buy equipment and continue research and development in the $2 million "bird flu" vaccine project.
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