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Copernicus receives $1M from Cystic Fibrosis Foundation Therapeutics to advance development of a non-viral gene therapy for cystic fibrosis.

Asia Africa Intelligence Wire

| January 20, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Chemical Business NewsBase - Press Release)

Copernicus Therapeutics Inc has received an extension to its therapeutics development award from Cystic Fibrosis Foundation Therapeutics Inc (CFF Therapeutics). This award in the amount of $750,000 was coupled with a $280,000 outstanding payment from the original therapeutics development award to bring the total payment to $1.03 M. The award extension is intended to support the Phase II advancement of Copernicus Therapeutics' potential genetic therapy for cystic fibrosis (CF). Copernicus Therapeutics' unique, non-viral nanoparticle formulation is intended to deliver a normal copy of the CF gene to the affected airway …

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