Following initial investments by ISU Chemical Company and other private sources in 2000, FOB began its operations in June of 2000 at the EmTech Bio  Center, a biotech incubator founded and supported by Emory University, Georgia Institute of Technology, Georgia Research Alliance, and ID Biochem.

Emory University	GA Tech	ISU Chemical	ID Biochem

Early collaborations with Isu Chemical Company in 2000 and LGCI (now LG Life Sciences) in 2001 allowed the company to initiate an in-house drug discovery effort at a very early stage. In addition, revenue generated from contract work has amounted to as much as 29 percent of our total annual expenses, thus extending the life of our initial investment dollars and proving the success of the company¨s hybrid structure.