Austin drug developer gets $1.7M NIH grant

Lung Therapeutics Inc., an Austin-based pharmaceutical startup, has $1.69 million more to pump into the development of a drug that could help people afflicted with pneumonia.

Dr. Steven Idell, the company’s chief scientific officer, received a National Institutes of Health grant to develop drug candidate LTI-01. The money will be disbursed over three years.

LTI-01 aims to maximize scar removal around the lungs, promoting fluid drainage while minimizing bleeding risk for pneumonia patients. The…
Source: Biz Journals

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