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Fundraisings and IPOs

Date: 2011-09-29

Type of information: Grant

Company: NeuroVive Pharmaceutical (Sweden)

Investors: Eureka Eurostars program

Amount: €1 million

Funding type: grant

Planned used:

The Eurostars program has awarded NeuroVive Pharmaceutical and to-BBB technologies, two highly innovative European Small and Medium Enterprises (SMEs), a grant of approximately €500,000 each. This grant supports their joint preclinical development program on a potential new treatment for stroke patients. In this program NeuroVive\'s cyclosporin A for the treatment of neurological damage is combined with to-BBB\'s G-Technology® to enhance delivery of this drug across the blood-brain barrier. The strategic collaboration between the two companies commenced in October 2010 and the Eurostars grant solidifies and accelerates this partnership.

Others:

NeuroVive Pharmaceutical and to-BBB, the Dutch brain drug delivery company, have been awarded a grant of €1 million through the Eureka Eurostars program for the joint development of therapies for stroke and other acute neurological conditions.

Therapeutic area: Cerebrovascular diseases - CNS diseases

Is general: Yes