CMT Research Foundation partner DTx Pharma, Inc., has won a grant from the National Institutes of Health (NIH) to further fund its work on CMT. The investment is significant because the CMT Research Foundation gave DTx its first CMT-related grant just nine months ago. This partnership exemplifies how our initial research investments, made possible one dollar at a time by generous donors, can lead to significant follow-on capital and promising projects to develop CMT treatments. The CMT Research Foundation first approached DTx to consider CMT when we learned about their technology. Our grant initiated a CMT program at DTx, and in just a few months, DTx has generated significant success. DTx’s interest in CMT and the subsequent follow-on funding wouldn’t have happened without the this early investment.
“The CMT Research Foundation and the NIH have supported groundbreaking research for rare diseases like CMT. We are pleased to continue to partner with organizations that share our commitment to developing therapies where none exist. With this non-dilutive funding and support from our partners, we are well-positioned to develop a clinical candidate for CMT1A that is effective at suppressing the disease-driving gene, PMP22.”
Arthur T. Suckow, CEO of DTx Pharma
DTx Pharma, Inc. is a privately-held biotechnology company creating novel RNA-based therapeutics to treat the genetic drivers of disease. The company’s proprietary delivery technology platform, FALCON (Fatty Acid Long Chain OligoNucleotide), utilizes fatty acids as targeting ligands to to suppress the overexpression of PMP22, the protein that causes CMT1A.
Read more about all the research projects and partnerships the CMT Research Foundation is funding.