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Feature Story

Catching up with Eddy C. Agbo of
Fyodor Biotechnologies

This fall we had the chance to catch up with Dr.  Eddy C. Agbo, who is the Chairman and CEO of Fyodor Biotechnologies. We asked him about his company; see his answers below. Look for more executive discussions in future issues.
 
Tell us about your company:

Fyodor is a socially responsible biotechnology company that addresses urgent global healthcare needs in emerging economies. Fyodor achieves this mission by developing and commercializing novel biotechnologies that provide simple and practical healthcare solutions that affects patients on both personal and economic development levels.

We’re very excited to get our flagship product – Urine Malaria Test TM (UMT) into the hands of the end user to see the impact it will deliver in addressing a significant health problem. The UMT is used to tell if a fever is due to malaria or not in about 20 minutes, using only a few drops of patient urine. The UMT technology (licensed with exclusive global rights from Johns Hopkins University) incorporates a novel dipstick technology that is ideal for rapid point-of-need diagnosis of clinical malaria from urine instead of blood. The fact that it is non-invasive offers significant advantages over microscopy and other malaria diagnostics, which require the use of blood. The UMT dipstick detects the parasite proteins shed in the urine of febrile malaria patients and can be performed and read by persons with little or no training.  
 
At what stage of development are you in?
 
Our most advanced product candidate, the UMT, is nearing launch soon in a particular geographic market. We look forward to sharing news before the end of 2015.

For context, one of the most pronounced problems in controlling malaria is the limited availability and access to accurate at-home or point-of-care diagnosis. The World Health Organization recommends confirmed malaria diagnosis prior to treatment in all cases of fever, presently a core intervention strategy in most African countries. This policy has been difficult to achieve using available blood-based diagnostic tools. We believe that the UMT could potentially facilitate the delivery of this policy mandate in all healthcare settings.
 
What can you tell us about your fundraising efforts?

Our funding mechanisms have not been conventional. We have funded through competitive grants and individual/non-governmental investors rather than institutional investors. This fits with our mission.

What strategic relationships, particularly at UM Baltimore, have been helpful to your company? 

For what we do, we wouldn’t have gotten to this point without strategic relationships with multiple players such as the UM BioPark, UM School of Medicine, Johns Hopkins University, University of Lagos and other international groups who have helped us in various stages of preclinical and clinical development. We also are striking relationships with specific marketing partners in places like West Africa. These partnerships and external resources help us to keep our limited resources focused on internal efforts.

We offer special thanks to the State of Maryland. Representatives there believed in our technology early, and have supported us through various funding mechanisms over the past seven years, such as the TEDECO and DBED Biotechnology Commercialization Awards – which we won in FY2009 and FY2010. The State’s support has been critical to our product advancement.
 
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BioPark Blood Drive in September Exceeds Giving Goals, Saves 63 Lives

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Recent Events

September 24, 2015

Science in the City

Location: UM BioPark - Time:  5:00pm - 7:00pm

Click here to register.

September 27, 2015

17th Annual International Meeting of the Institute of Human Virology

Host: UM School of Medicine, Institute of Human Virology
Location: Baltimore Marriott Waterfront
Time: 8:00am - 5:00pm

Click here to learn more and register.

September 28, 2015

Baltimore Innovation Week Civic Day

Host:  Technical.ly Baltimore
Location: UM BioPark - Time:  11:30am – 4:00pm

Baltimore Innovation Week is a week-long celebration of technology and innovation coming Sep. 25-Oct. 3, 2015 organized by Technical.ly Baltimore.  Click here to learn more.

September 29, 2015

UMB Night at the Ballpark

Location: Oriole Park at Camden Yards
Time: 8:00pm - 10:00pm

Join us for the third annual UMB Night at the Ballpark on Tuesday, Sept. 29 at 7:05 p.m. Orioles vs. Toronto Blue Jays. Three seating options available. Depending on seats selected, $5-$7 of every ticket fee will be donated to University of Maryland benefiting American Cancer Society Hope Lodge of Baltimore.

October 1, 2015

Beta City

Host: Betamore
Location: Betamore  - Time: 1:00pm - 10:30pm

Betamore, Plank Industries, Startup Maryland, and Technical.ly present Beta City: Maryland’s annual celebration of technology, entrepreneurship and innovation.

Click here to learn more and register.

October 4, 2015

SOWEBO LANDMARK 5K  - Communities Raising Healthy Kids

Sponsor: UM BioPark
Location: Union Square Park - Time: 8:30am – 1:00pm

The course starts at Union Square Park and winds through and around southwest Baltimore landmarks, showcasing Sowebo's rich cultural diversity, architectural beauty, historic landmarks and parks, including Hollins Market, B&O Railroad Museum and Mount Clare Mansion in Carroll Park, with the finish line at the H.L. Mencken House. Click here to learn more.

October 9, 2015

Tech Council of Maryland's Executive Breakfast Club, sponsored by Glass Jacobson

Location: BioPark Life Science Conference Center - Time: 8:00am

Guest speaker Mike Gill, Secretary, Maryland Department of Business and Economic Development. Register @ www.techcouncilmd.com

October 21, 2015

Founders Week Entrepreneur of the Year Presentation and Reception

Host: University of Maryland, Baltimore
Location: UM BioPark Life Sciences Conference Center - Time: 4:00pm - 6:00pm

Don't miss the Entrepreneur of the Year Presentation by Christopher Meenan, School of Medicine.  In 2011, Meenan co-founded Analytical Informatics (AI), a Baltimore-based health informatics company dedicated to improving clinical analytics. AI's products are based on tools that Meenan developed to improve operation success within the Department of Diagnostic Radiology and Nuclear Medicine, providing meaningful savings and improved efficiency for health delivery organizations by making it easier to access clinical data.

Click here to register.

October 21, 2015

Technology Networking Exchange

Host: Betamore
Location: Betamore - Time: 6:00pm - 8:00pm

The Tech Council of Maryland (TCM) and Betamore have joined forces to unify the technology communities in Greater Baltimore. The alliance will focus on enhancing statewide advocacy efforts, developing joint educational events to bring together established and early-stage businesses from both organizations and markets, and giving members of both groups new opportunities to network and build business relationships.

Click here to learn more and register.

October 22, 2015

Founders Week Researcher of the Year Lecture

Host: University of Maryland, Baltimore
Location: University of Maryland, Baltimore - Davidge Hall - Time: 4:00pm - 6:00pm

Margaret McCarthy, chair of the School of Medicine’s Department of Pharmacology will deliver the Researcher of the Year Lecture for 2015.

Click here to learn more.

November 17, 2015

5th Annual Entrepreneur Expo

Host: TEDCO
Location: BWI Marriott - Time: 8:30am - 7:00pm

Entrepreneur Expo is the event that brings Maryland's entrepreneurship community together for a day to network, educate and inspire.

Click here for tickets.
Recent Events

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Please send your news, milestones, events, and ideas to lcassard@umaryland.edu.

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