14 November 2023 | Tuesday | News
Image Source | Public Domain
A total of £14.5 million in grant funding has been allocated to support seven major projects seeking to develop new tests, treatments and medical devices to help the more than 1 million people in the UK living with neurodegenerative conditions including Alzheimer’s disease, motor neuron disease, fronto-temporal dementia (FTD) and Parkinson’s disease.
LifeArc’s strategic partnership with UK Dementia Research Institute (UK DRI) was established in 2022 to leverage the strengths of both organisations and advance research in the field of dementia. By combining the research capabilities of UK DRI with LifeArc’s translational expertise the two organisations will aim to bridge the gap between laboratory discoveries and clinical applications to accelerate the development of new treatments and therapies.
The projects receiving the funding are:
A joint committee between UK DRI and LifeArc agreed the projects and Dr Kay Penicud, UK DRI Director of Innovation & Business, said “It is fantastic to see such a breadth of high-quality translational research from across many of our Centres in these projects. These pioneering projects will bring us ever closer to our mission of new treatments for people affected by dementia. We’re thrilled to be partnering with LifeArc, and excited to see progress in these immensely promising research areas in the coming years.”
Dr Karen Skinner, Chief Project & Portfolio Officer at LifeArc said “Our partnership with UK DRI allows us to identify and back the most promising translational research with the potential to transform the lives of those with neurodegenerative conditions. By working together, we reduce risk by further validating opportunities and enhancing appeal to potential future partners, such as pharmaceutical companies, who can subsequently advance these innovations through the clinic and onto the market for those who desperately need them. The initial projects we are funding reaffirm the wealth of untapped research talent that exists within the UK.”
Research into neurodegenerative conditions is one of five healthcare themes identified by LifeArc as areas where this is significant unmet patient need. Overall LifeArc is investing up to £100m to tackle neurodegenerative conditions
© 2023 Biopharma Boardroom. All Rights Reserved.