Deal Announcements

AskBio Receives $2.5M Grant for MDA Research

Wednesday, December 13, 2006 7:30:00 AM PDT | VentureDeal Staff

CHAPEL HILL, NC  --  Asklepios BioPharmaceuticals has landed a $2.5 million grant from the Muscular Dystrophy Association to continue clinical human trials of its gene therapy for Duchenne muscular dystrophy.

The grant is the largest ever by the Muscular Dystrophy Association and will be matched by the company.  The purpose of the trials is to deliver the therapy into multiple muscles in animals, since it has proven to be safe in single muscle human trials.

The privately-held company was originally spun out of the University of North Carolina at Chapel Hill.

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