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PanaceaNano, Inc.

Dr. Youssry Botros, Co-Founder and CEO of PanaceaNano, Inc. with the Chicago Innovation Award at the Ceremony on October 29, 2018

PanaceaNano, Inc., www.panaceanano.com, a pioneering company specializing in the development and commercialization of molecularly engineered organic systems, has been named one of the winners of The 17th Annual Chicago Innovation Awards, www.chicagoinnovation.com. The award is one of the most prestigious business awards given nationwide and represents the Chicago region’s foremost recognition for innovative new products or services brought to market each year. The winners were announced at an event held at Chicago’s Harris Theater on Monday, October 29, with nearly 1500 business and civic leaders, and supporters of innovation in attendance.

PanaceaNano’s winning innovation is its family of biodegradable, porous, functional materials constructed from Organic Nano-Cube (ONC) building blocks. ONC materials are comprised of edible carbohydrate molecules prepared using green chemistry. ONC materials are hollow cubic crystals with large open spaces that can adsorb, store, and transport a wide range of small guest compounds. These highly porous cubic crystals can be employed as carriers for active pharmaceutical ingredients or for topical delivery of a wide range of actives.

The winning innovation has already experienced its first wave of commercialization with the production of new Organic Molecular Vessel (OMV) carriers for delivering anti-aging skin care ingredients. Active ingredients in standard skin care products are depleted immediately after application. In contrast, OMV materials function as molecular storage boxes or molecular reservoirs to store a large supply of active ingredients for long-lasting, continual, and effective release.

 

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