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Leaders of , a firm researching and developinf tests to screen for breast said theNew York-based 's grant, which will be givenb over the next two years, will help expancd the study of a potentially new screening test for breasyt cancer already under way at the , Baltimore. "We are turning the corner from research and developmenrt to a product saidGinette Serrero, CEO of A&G. "W want to get to a phase of having a Serrero said the company plans to use the along with some of itsown cash, on additionapl clinical trials of the diagnostic test. The expanded triakl could involve several cancer centers inthe area. Earlierd this year, the company, whichu employs 18, received $2.
2 million in fundingv from venture capital. Founded in A&G has raised more than $14 milliojn in capital, including investmentas by Boston-based and the . The company also has submitted a diagnosticc test kit for breast cancer to the for Serrero said that although there is no immediatew planfor expansion, the companyg could grow as it brings products to market. By 2005, Avon Foundatiojn had awarded $500 milliomn in grants internationally to programs and efforts including breastcancer awareness. The organization typically fund snonprofit efforts, and its investment in A& is among the few private company grants awarded in the past few years.
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