October 25, 2014

Technology Transfer

University Spin Game

Success is rare and slow for spinoff companies, but the potential rewards -- visibility and income - keep schools playing.

Barbara Miracle | 3/1/2008

Stephen Chakoff
Technology: Topical skin preparation to treat actinic keratosis and other skin cancers. Shown in photo: Stephen Chakoff[Photo: Daniel Portnoy]
CHS Resources
Boca Raton (FAU)

Stephen Chakoff, co-founder, president and CEO

Elliot Hahn, co-founder and industry adviser, who is also chairman emeritus of Fort Lauderdale generic-drug maker Andrx, now owned by Watson Pharmaceuticals

Spun off: 2005

Sales: N/A

Market: Pharmaceutical companies and possibly over-the-counter sunscreens

Research by Herbert Weissbach at Florida Atlantic University’s Center of Excellence in Biomedical and Marine Biotechnology led to a combination of agents that work together to target and kill cancer cells without damaging healthy cells. CHS, located at the Technology Business Incubator at Florida Atlantic Research and Development Park, is performing a “proof of concept” study with Skin and Cancer Associates in Plantation and is preparing for discussions with the U.S. Food and Drug Administration on potential applications, which may include a formulation sold in an over-the-counter sunscreen.

Tags: Around Florida, Education

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