Hillhurst Biopharmaceuticals Secures Funding for Parkinson's Study
Hillhurst Biopharmaceuticals Secures Significant Grants
Today, Hillhurst Biopharmaceuticals, Inc. (NASDAQ: HILL), a trailblazer in crafting innovative liquid drug therapies, has brought in an impressive $6.3 million in grants to propel its Phase 2a clinical trial focused on Parkinson's disease. The support includes $2 million sourced from The Michael J. Fox Foundation and $4.3 million from the Farmer Family Foundation, in collaboration with a respected medical institution.
Overview of the Clinical Study
This pivotal study aims to investigate a treatment regimen lasting 14 days, involving 36 individuals diagnosed with Parkinson's disease. Central to this research is the assessment of safety and pharmacokinetics, along with the identification of actionable biomarkers. Set to commence in early 2025, this study seeks to unveil how Hillhurst Bio's groundbreaking approach may shield patients against the debilitating effects of disease progression, targeting essential pathways crucial for cellular protection.
Hillhurst Bio's Commitment to Innovation
Hillhurst Bio's dedication to addressing unmet medical necessities drives its mission. This latest study exemplifies progress toward future therapies for neurodegenerative disorders. With assistance from organizations such as The Michael J. Fox Foundation and the Farmer Family Foundation, which champion patient advocacy and support innovative research, Hillhurst is positioned to make meaningful advancements in treatment options.
Appreciation for Collaborators and Supporters
Expressing heartfelt gratitude towards its collaborators and supporters, Hillhurst Bio remains committed to pioneering transformative treatments for those in need around the world. The company views this funding as a crucial investment in the health and well-being of patients navigating chronic conditions.
About the Farmer Family Foundation
The Farmer Family Foundation, based in Cincinnati, is dedicated to innovative programs that can significantly impact individuals' lives. Founded in 1988, its focus extends primarily to enhancing K-12 education for at-risk communities and fostering economic self-sufficiency. The Foundation also actively supports healthcare research beyond its immediate region.
About Hillhurst Biopharmaceuticals, Inc.
Hillhurst Biopharmaceuticals is dedicated to advancing its proprietary GLASS™ platform, aimed at developing revolutionary drug products utilizing therapeutic gases. This platform has unlocked potential for novel liquid investigational therapies, especially targeting diseases such as Parkinson's disease, sickle cell disease, and acute pain challenges.
Frequently Asked Questions
What is the purpose of the $6.3 million grant?
This grant will fund Hillhurst Bio's Phase 2a clinical study aimed at treating Parkinson's disease through innovative therapeutic approaches.
Which organizations are providing the funding?
Funding is provided by The Michael J. Fox Foundation and the Farmer Family Foundation.
When will the clinical study begin?
The clinical study is scheduled to start in early 2025.
What are the main goals of the study?
The study aims to assess the safety, pharmacokinetics, and biomarkers after a 14-day treatment regimen in participants.
What conditions is Hillhurst targeting with its research?
Hillhurst is focusing on Parkinson's disease, among other conditions like sickle cell disease and acute pain.
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