RALEIGH, N.C.--(BUSINESS WIRE)--Arrevus Inc. (www.arrevus.com), a biotechnology company focused on developing novel therapeutics for orphan or serious indications, received two grants totaling $800,000 in support of its novel chaperone protein inhibitor, ARV-1502. The NIH’s National Institute of Allergy and Infectious Diseases (NIAID) has awarded a $300,000 grant to investigate the activity of ARV-1502 for the treatment of sepsis and the Department of Defense’s U.S. Army Medical Research and Development Command has awarded a $500,000 grant to investigate ARV-1502 for the acceleration of wound healing.
Arrevus, a clinical stage biopharmaceutical company committed to the development of innovative therapies to treat orphan or serious diseases, today announced that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation to ARV-1801 for the treatment of cystic fibrosis (CF). Orphan Drug Designation provides for close guidance by the FDA, potentially accelerating time to marketing approval and also includes the potential for orphan drug grants, tax credits, and 7-year market exclusivity upon marketing approval.