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CytRx wins federal grant

CytRx Corporation, a developer of molecular medicines for the treatment of metabolic diseases, announced today that it won a $222,000 grant from the National Institute of Diabetes and Digestive and Kidney Diseases to develop a treatment of type 2 diabetes and obesity. 

The Small Business Innovative Research grant will allow researchers to develop inhibitors to fatty acid synthase, a component which plays a significant role in weight gain and insulin responsiveness in type 2 diabetes. 

The grant supported studies will be conducted by Jerry W. Skiles, Director of Chemistry, at CytRx’s Drug Discovery research lab in Worcester. 

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