from Section 7 - Funding and Financing Alzheimer’s Disease Drug Development
Published online by Cambridge University Press: 03 March 2022
Early-stage drug development efforts for Alzheimer’s disease (AD) therapeutics often occur within academia and start-up companies and are often supported by National Institutes of Health (NIH) funding. The National Institute on Aging’s (NIA’s) seed funding through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs provide innovators with non-dilutive funding that supports key early-stage drug developments. Since 2015, the NIA small business funding programs have become a valuable source of seed funding available that enabled start-up companies to reach critical value inflection points. This chapter includes examples of five companies that received NIA small business funding at the preclinical stage of development and advanced their innovations to clinical trials: AgeneBio, Alector, Avid Radiopharmaceuticals, Cognition Therapeutics and Tetra Therapeutics. The NIH and NIA have launched several strategic initiatives and funding opportunities to enable small businesses to reach key value inflection points.
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