Akston Biosciences Awarded NIDDK Phase IIb Grant

Akston Biosciences received notice that it has been awarded $923,642 in second year funding for a Phase IIb SBIR grant from the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) of the National Institutes of Health (NIH). The funds will be used to support IND-enabling in vivo assay validation and large-animal, safety pharmacology studies for AKS-107, the company’s lead candidate for the prevention of Type 1 Diabetes.