Jade Therapeutics Awarded $725k Phase 2 SBIR Grant From The National Science Foundation
SALT LAKE CITY, Dec. 1, 2014 /PRNewswire/ -- Jade Therapeutics, Inc., announced today that the company has been awarded a $725,000 Phase II Small Business Innovation Research (SBIR) grant from the National Science Foundation entitled, "Biodegradable Polymer Film for Sustained Delivery of Antibiotics to the Surface of the Eye." This two-year grant (IIP-1430921) follows successful completion during 2013-14 of a $150,000 Phase I.
The therapeutic indication being addressed in this work is bacterial keratitis (BK)/corneal ulcers. Characterized by intense ocular pain, reduced vision, and extreme light sensitivity, this disorder often results in a scarred/cloudy cornea (the clear dome covering the eye's iris and pupil). BK can be explosive in its development, generating rapid corneal inflammation that can lead to tissue destruction, loss of normal tissue integrity, perforation, and extension of infection into neighboring tissues and loss of vision. Bacteria such as Staphylococcus aureus and Pseudomonas aeruginosa often lead to BK, and these infections require urgent medical attention given the associated risk of corneal perforation.
"Bacterial keratitis is a serious, vision-threatening ocular emergency," said Jade consultant Bennie Jeng, M.D., Chair of the Department of Ophthalmology & Visual Sciences at the University of Maryland School of Medicine. "Our current antibiotic therapies for this disorder are employed off-label and require highly inconvenient eye drops administered as often as hourly for the first few days."
Jade Chief Scientific Officer Barbara Wirostko, M.D., the Principle Investigator on the grant, added, "The NSF has been incredibly supportive of Jade's thiolated hyaluronic acid-based films as a delivery polymer and treatment for unmet medical needs at the ocular surface. Not only do these new funds help us to progress an improved treatment for bacterial keratitis, but they also allow us to continue to expand our overall ocular drug delivery platform."
About Jade Therapeutics, Inc.
Jade Therapeutics develops locally administered, polymer-based products designed to treat poorly served ophthalmic indications. The Company's proprietary, cross-linked, bio-erodible hydrogel technology has demonstrated a variety of unique and beneficial characteristics, whether employed alone or as a sustained-release drug-delivery vehicle. This approach could enable improved therapeutic outcomes along with increased patient compliance to therapy, decreased frequency of administration and office visits, and avoidance of subsequent surgeries ultimately resulting in better visual outcomes with enhanced quality of life. Importantly, Jade's products benefit from relatively short clinical/regulatory pathways, and the Company's use of approved and/or well-tested bioactive agents significantly decreases development risk. Additional information about Jade can be obtained at www.jadetherapeutics.com.
CEO, Jade Therapeutics, Inc.
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SOURCE Jade Therapeutics