Myosin Therapeutics, Inc., a biotechnology company developing innovative therapies for cancer and neurological disorders, today announced that it has been awarded a $3 million grant from the National Institute on Drug Abuse (NIDA), part of the National Institutes of Health (NIH).
This grant will help support the initiation of a Phase 1 clinical trial to assess the safety, tolerability, and pharmacokinetics of MT-110, laying the foundation for MT-110 as a first-in-class treatment option for methamphetamine use disorder (MUD). MUD is a severe and growing public health crisis with no FDA approved treatments. In the United States alone, over 2.5 million people are estimated to have this use disorder. And, unlike opioids, the number of overdose deaths attributed to methamphetamine increased last year.
The NIDA grant is part of the Small Business Innovation Research (SBIR) program, which supports early-stage companies advancing technologies with strong public health potential. This highly competitive program is a critical pathway for accelerating translational science in areas of significant unmet medical need, including substance use disorders.
