Based: Kalamazoo, MI
Scoop: Aursos appropriately uses the bear as its symbol. The company, which was founded in 2007, has licensed technology developed at Michigan Technological University on the family of naturally-occurring parathyroid hormone proteins found in the black bear. Aursos is looking to develop black bear PTH (BB-PTH) 1-84 for the prevention and treatment of primary and secondary osteoporosis.
Aursos has had successful proof-of-concept in animal tests and wants to raise $3.1 million, notes Crain's Detroit Business.