NEW YORK, Jan. 06, 2016 (GLOBE NEWSWIRE) -- Harris & Harris Group, Inc. (NASDAQ:TINY), an investor in transformative companies enabled by disruptive science, notes the announcement by its portfolio company, Accelerator Corporation, of the launch of Petra Pharma Corporation to develop small molecule inhibitors for the treatment of cancer and metabolic diseases in alliance with Weill Cornell Medicine. Petra Pharma’s co-founders, Lewis Cantley, Ph.D. and Nathanael Gray, Ph.D., are researchers who have contributed to numerous breakthrough advances in cancer. Under Accelerator’s investment and operations management model, the early operations of Petra Pharma will be overseen by Accelerator’s core management team. Accelerator’s announcement can be viewed at http://petrapharmacorp.com/wp-content/uploads/2016/01/Petra-Pharma-Series-A-Financing_Final.pdf.
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Press Contact: Daniel B. Wolfe Harris & Harris Group, Inc. 212-582-0900
Source:Harris & Harris Group