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NIH Grant Money Flowing in SC

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On Wednesday, we shared a story with you about a Charleston company that had been awarded a $400,000 Small Business Innovation Research (SBIR) grant from the National Institutes of Health to fund patient testing of their 3D imaging technology. Today, we’ll tell you about a Midlands biotechnology company that recently received a $900,000 SBIR Fast-Track grant from the NIH that they hope will lead to the development of better therapeutics.

Mike Switzer interviews Andrew Lee, co-founder and chief scientific officer of IMCS, Inc., in Irmo, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.