Date: 2013-07-01
Type of information: Grant
Company: Autifony Therapeutics (UK)
Investors: Biomedical Catalyst Fund (UK)
Amount: £1.9 million
Funding type: award
Planned used: The funding award will be used to enable selection of a compound from a group of Kv3 potassium channel modulators and then progression of the chosen compound through preclinical development up to a CTA/IND submission.
Others: * On July 1, 2013, Autifony Therapeutics, which is pioneering the development of novel pharmaceutical treatments for hearing disorders, has announced a collaboration with research groups at the University of Manchester and Newcastle University to develop a novel, first-in-class Kv3 potassium channel modulator for the treatment of schizophrenia. The £2.75 million research collaboration is part-funded by the award of a £1.9 million grant to Autifony and the two Universities, by the UK’s innovation agency, the Technology Strategy Board. The award follows a successful funding application to the Biomedical Catalyst, jointly funded by the Technology Strategy Board and the Medical Research Council.
Autifony’s lead programme is developing first-in-class Kv3 potassium channel modulators for hearing loss and tinnitus. This new collaboration aims to develop pharmaceutical compounds against the same target but with profiles differentiated and distinct from its hearing programme. Autifony and its collaborators will explore the modulation of this novel voltage gated potassium channel mechanism as a potential new therapy for schizophrenia.
Therapeutic area: Otorhinolaryngology
