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CIT Invests $100,000 in Lewis and Clark Pharmaceuticals

The Herndon-based Center for Innovative Technology (CIT) said on Monday it has invested $100,000 in Charlottesville-based Lewis and Clark Pharmaceuticals, which focuses on adenosine-based compounds. The investment came from CIT's GAP Funds, which make seed-stage equity investments in Virginia-based technology, clean tech and life sciences companies. Lewis and Clark said it plans to initially focus its efforts on the markets for stress imaging and autoimmune diseases.

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