July 2, 2018
RXi shares in $1.8M grant to treat spinal cord injuries
Edd Cote
Melissa Maxwell works in a laboratory at RXi Pharmaceuticals in Marlborough.
Marlborough drugmaker RXi Pharmaceuticals is set to receive nearly $250,000 in grant funds for a collaboration with Cambridge-based BioAxone BioSciences.
The companies last month jointly announced grant funding from the National Institute of Neurological Disorders and Stroke to develop a drug to treat spinal cord injuries.
The total grant is worth nearly $1.8 million, with the majority going to BioAxone. RXi was awarded about $129,000 last year and will receive $118,800 this year for its contributions.
The pre-clinical drug BA-434, using RXi’s therapeutic platform, is designed to regenerate neurons in the nervous system after neurotrauma.
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