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NEW YORK, Feb. 9, 2021 /PRNewswire/ Alterity Therapeutics (ASX: ATH,NASDAQ: ATHE) ( Alterity or the Company ) has today announced the award of a grant from The Michael J. Fox Foundation for Parkinson s Research to determine optimal dosing of its lead drug candidate ATH434 for Parkinson s disease (PD) based on imaging of brain iron.
The funding for US$495,000 will be used to evaluate the pharmacologic profile of ATH434 in a primate model to determine the optimal dose of ATH434 in future Parkinson s disease clinical trials. This is the second grant that Alterity has received from The Michael J. Fox Foundation to support the development of ATH434 in PD.