Alzheimer’s Drug Discovery Foundation Funds PharmatrophiX to Develop Drugs to Prevent Neurodegenerative Disease

NEW YORK, NY--(Marketwire - January 24, 2008) - The Alzheimer’s Drug Discovery Foundation (ADDF) announced today that it is providing a biotechnology founder’s grant of $300,000 to PharmatrophiX, a start-up biotechnology company dedicated to developing a drug to prevent neuronal degeneration and improve brain function.

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