TNG Pharmaceuticals, developers of a vaccine to keep cattle free of blood-sucking horn flies, took top prize at the “Moot Corp.” business competition recently.
Formally renamed the Venture Labs Investment Competition(VLIC) in 2010, but still widely referred to as “Moot Corp.,” the annual event began in 1984 at the McCombs School of Business at the University of Texas, Austin. At Moot, TNG Pharmaceuticals won a prize package including: $25,000 in cash; a range of free and discounted consulting and business services; and a full-page ad in Inc. magazine. The total value of the prize package, according to a McCombs spokesman, is around $135,000.
TNG Pharmaceuticals’ chief executive, Jenny Corbin, says the company plans to use its winnings from McCombs — and from previous competitions held by the University of Cincinnati, the University of Nebraska at Lincoln, and at Rice University — to develop and test manufacturing processes for their cattle vaccine, FlyVax, then advance it through federal regulatory processes.
To read the entire article, link here.