Primetime awarded SBIR Fast-Track grant to develop a novel anti-depressant treatment

 
 
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Tag:
* Pharmaceutical Research

Industry:
* Biotech

Location:
* Germantown - Maryland - US

Subject:
* Awards

GERMANTOWN, Md. - Aug. 13, 2018 - PRLog -- Primetime Life Sciences, LLC, a pharmaceutical company focused on discovery and development of new and smart treatments by using a multi-disciplinary, highly collaborative "bench-to-bedside" approach, today announced it has been awarded a Fast-Track Small Business Innovation Research (SBIR) grant by the National Institute of Health for development of depression. Depression is a serious medical illness that afflicts millions of people with significant individual suffering, increased risk of suicide, and an enormous socioeconomic burden for society.

The funds for this Fast Track SBIR grant will be released in two parts. An initial Phase I award of $350,042 is granted in the near term. Phase II of the project would support pre-clinical studies towards IND submission of our lead compound. Together, the Fast-Track SBIR grant has the potential to provide a total of $2.98 million in nondilutive financial resources.

"Receiving a highly competitive SBIR award is a validation of our approach to developing an innovative treatment for depression," said Dr. Janak Padia, President, and CEO of Primetime Life Sciences. "We are committed to developing a rapid and safe treatment of depression".

NOTES TO EDITORS

About Primetime Life Sciences, LLC

Primetime Life Sciences (www.primetimelifesci.com) is a Maryland-based discovery and development company focusing on small molecule drugs. Our mission is to expedite the discovery and development of new and smart treatments by using a multi-disciplinary, highly collaborative, "bench-to-bedside" approach. The Company has developed a mutual prodrug platform using "Metformin Linker Kit" to improve pharmacokinetic and safety profiles of known drugs. The Company pipeline includes CNS, cancer and parasitic therapeutics. For more information, please contact Dr. Janak Padia jpadia@primetimelifesci.com
http://www.primetimelifesci.com

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Janak Padia, Ph.D.
***@primetimelifesci.com
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