£150k initiative to support degenerative research

First published in News

DRUG discovery company Summit is to receive up to £150,000 from a Government initiative to support research into neurodegenerative diseases such as Alzheimer’s.

Summit, based at Milton Park near Didcot, is researching potential treatments for diseases called tauopathies, including Alzheimer’s.

It is one of 18 smaller companies to benefit from the first round of the £180m Biomedical Catalyst fund.

The first grants were announced at a Life Sciences Day to promote UK business during the London Olympics.

Chief executive Glyn Edwards said: “We are pleased to have been offered this financial support from the UK Government’s Biomedical Catalyst to further support the development of this programme.”

The fund was announced by Prime Minister David Cameron in December. Applications are now being invited for the second round of grants.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree