Muna Therapeutics awarded $4.9M grant from The Michael J. Fox Foundation for Parkinson's research
Related Deal leadHenrijette Richter
Related CompanyMuna Therapeutics
COPENHAGEN, Denmark and BOSTON, Oct. 11, 2022 /PRNewswire/ -- Muna Therapeutics (Muna), a biopharmaceutical company discovering and developing novel therapeutics for the treatment of Parkinson's disease and other neurodegenerative disorders, announced today that it has been awarded a $4.9 million grant from The Michael J. Fox Foundation for Parkinson's Research (MJFF).
The grant will be used to support ongoing preclinical research and development of novel, brain-exposed, small molecule potassium channel type 1.3 (Kv1.3) blockers to abrogate neuroinflammation driven by disease-associated microglia and enhance neuroprotection as a disease-modifying therapy for patients with Parkinson's disease.
Parkinson's disease is a neurodegenerative disorder associated with motor symptoms (slow movement, tremor, rigidity, walking and imbalance) and a wide variety of non-motor complications (cognitive impairment, mental health disorders, sleep disorders, pain and other sensory disturbances). Motor impairments, such as dyskinesias (involuntary movements) and dystonias (painful involuntary muscle contractions) contribute to limitations in speech, mobility and restrictions in many life areas. More than 10 million people worldwide are estimated to be living with Parkinson's with no current cure.
Muna is focused on addressing the staggering unmet medical need experienced by Parkinson's patients around the world with its transformative, therapeutic all-in-human target discovery and validation platform which aims to preserve brain function and enhance resilience to neurodegenerative diseases.
"We are very pleased to receive this significant funding from The Michael J. Fox Foundation to fund this promising research which has the potential to significantly improve the lives of people with Parkinson's. Kv1.3 plays an important role in creating and maintaining neuroinflammation in Parkinson's and other neurodegenerative diseases. Reducing neuroinflammation by blocking Kv1.3 has tremendous potential to slow or prevent neurodegeneration and disease progression," said Rita Balice-Gordon, Chief Executive Officer of Muna Therapeutics.
"The studies will support ongoing medicinal chemistry and structural biology efforts as well as extend understanding of the mechanism of Kv1.3 in microglial activation and the role of Kv1.3 blockade, in vitro in human cells and in vivo in humanized mouse models, to achieve the normalization of disease-associated microglial phenotypes, which will enhance neuroprotection," said Niels Plath, Chief Scientific Officer of Muna Therapeutics.
"Fostering a robust and healthy pipeline of therapies to improve the lives of people with Parkinson's is core to MJFF's mission. We are proud to support the work of researchers at Muna Therapeutics investigating a potential disease modifying therapy for people with Parkinson's," said Brian Fiske, PhD, Co-Chief Scientific Officer, MJFF.
The grant from MJFF will support work at Muna Therapeutics and in collaboration with Professor Bart De Strooper at VIB/KU Leuven, a scientific co-founder of Muna, for two years.
About Muna Therapeutics
Muna Therapeutics is a private biopharmaceutical company founded in 2020 and based in Copenhagen, Denmark and Leuven, Belgium and the United States. Muna discovers and develops therapies that slow or stop devastating neurodegenerative diseases including Parkinson's, Alzheimer's, Frontotemporal Dementia and Multiple Sclerosis. These disorders impact memory, movement, language, behavior and personality resulting in disability and death of millions of patients around the globe. Muna's groundbreaking science is focused on identifying new medicines to preserve cognition and other brain functions and enhance resilience to neurodegenerative diseases. Our name reflects this focus: Muna means 'to remember' in Old Norse. For more information, visit www.munatherapeutics.com
For more information please contact:
Optimum Strategic Communications
Mary Clark, Manel Mateus, Zoe Bolt
Tel: +44 (0) 20 3882 9621
Rita Balice-Gordon, CEO
Moon Surgical appoints Fred Moll, MD, as Board Chair and raises additional $55.4 million in new funding with leading investors Sofinnova Partners and NVIDIA
PinCell's studies open up new indications for lead candidate
Sustainable performance fibers company Werewool raises $3.7 million led by Material Impact and Sofinnova Partners
Alia Therapeutics appoints Adel Nada as Independent Board Director
Alia Therapeutics names Letizia Goretti as Chief Executive Officer