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In May 2004, the Epilepsy Therapy Project announced its inaugural translational research grant recipient awards. The three grant recipients were chosen based on the breakthrough nature of each proposal and the potential to advance new treatments based on solid scientific and research foundations. These grants are unique in that they focus on projects demonstrating a clear path from research in the laboratory to new treatments for epilepsy.
Since the announcement of our inaugural awards, the Epilepsy Therapy Project and the Epilepsy Foundation formed the New Therapy Grants Program: a joint venture to fund new, innovative translational research to speed the search for new therapies and a cure for epilepsy. The New Therapy Grants Program focuses strictly on the field of translational epilepsy research and provides resources to accelerate the progress of breakthrough research and new therapies "from the bench to the bedside." The New Therapy Grants Program solicits grant proposals biannually.
In addition to the above, the Epilepsy Therapy Project supports the commercialization of research originating either in the private or the academic sector in order to facilitate the development of new treatments. The Epilepsy Therapy Project has made and continues to make investments in promising start-up companies with an emphasis on finding new treatments for epilepsy and assists in finding additional sources of funding for such companies.
The Epilepsy Therapy Project is pleased to present the recipients of funds awarded to date.
VistaGen expects to file an IND in 2006 and enter the clinic with AV-101 for multiple neuronal disorders in late 2006. VistaGen believes AV-101, it's lead drug candidate for the treatment of epilepsy and neuropathic pain, represents a potential first-in-class therapy in the growing, multi-billion dollar worldwide neuronal market. In addition, VistaGen has a proprietary ES cell-based drug discovery platform technology, with one significant partnership based on this core technology already in place. VistaGen expects to enter into additional partnerships to obtain new drug candidates, fund research and development, provide milestone-based funding, and market commercial products that result from collaborations.
VPA is one of the leading antiepileptic drugs (AEDs). However its clinical use is restricted in women of child-bearing age and in children due to its teratogenicity and hepatotoxicity. Therefore, there is a substantial need to develop non-teratogenic and non-hepatotxic CNS-active VPA derivatives. The design and development of PID enantiomers can provide a suitable answer to this clinical need.
This grant from the Epilepsy Therapy Project was matched with an equal grant from Jazz Pharmaceuticals, Inc. (www.jazzpharmaceuticals.com), Palo Alto, California.