The company receives close to 1 million SEK in a research grant from Swedish innovation agency, Vinnova, for developing a new treatment for genetic mitochondrial diseases.
NeuroVive receives the grant from Vinnova’s 2017 Swelife call to continue progressing the preclinical project NVP015. The cutting edge NVP015 project is aimed at developing a new pharmacological treatment for patients with Complex I dysfunction mitochondrial disease, an area of critical unmet medical need. The Vinnova grant will enable NeuroVive to intensify the NVP015 project development with the aim to select a lead candidate before year end 2017. The development of the NVP015 project is performed in close collaboration with academic partners at the forefront of mitochondrial medicine research, such as Dr Marni Falk’s research group at the Children’s Hospital of Philadelphia, US and Lund University, Sweden.
“The NVP015 project has the potential to significantly improve the lives of patients, usually children, suffering from this type of mitochondrial disease. The grant is central for efficiently proceeding the project and a quality label for our program”, said Eskil Elmér, Chief Scientific Officer at NeuroVive.
Projects selected for financing within this call, or any earlier Swelife call, will be offered to apply for further grants in a follow-up call. In that call, a grant amounting to half of the eligible project costs may be received (at most 5 million SEK during a period of maximum two years).