TransCode Therapeutics Secures NIH Funding To Support Its Lead Program Development

by Vandana Singh, Benzinga Editor

August 5, 2021 12:22 PM | 1 min read | Make a Comment

TransCode Therapeutics Inc RNAZ has received a Fast-Track Small Business Innovation Research (SBIR) grant from the NIH to support developing TTX-MC138.
TTX-MC138 is TransCode's lead therapeutic candidate for the treatment of metastatic solid tumors.
The award totals $2.3 million expected over three years.
TransCode expects to file IND in Q1 of 2022. TransCode's proprietary TTX platform leverages an iron oxide nanoparticle as a novel, image-guided system to safely and efficiently deliver oligonucleotides to their intended RNA target. TTX-MC138 targets MicoRNA-10b believed to drive metastatic disease.
Price Action: RNAZ shares are up 4.27% at $3.41 during the market session on the last check Thursday.

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