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Daré Bioscience Announces Grant Award Supporting Development of Potential New Therapeutic Intervention for the Prevention of Idiopathic Preterm Birth
Grant Funds Will Support Proof-of-Concept Target Validation Studies for Preclinical Development of a Potential New Approach for the Prevention and Treatment
About this update from Dare Bioscience, Inc.
[{"type":"text","content":"Grant Funds Will Support Proof-of-Concept Target Validation Studies for Preclinical Development of a Potential New Approach for the Prevention and Treatment of Idiopathic Preterm Birth Currently no FDA-Approved Product for the Treatment of Preterm Birth SAN DIEGO, July 31, 2023 (GLOBE NEWSWIRE) -- Daré Bioscience, Inc. (NASDAQ: DARE), a leader in women’s health innovation, today announced it was awarded a grant from the Eunice Kennedy Shriver National Institute of Child Health and Human Development (NICHD) of the National Institutes of Health (NIH) in the amount of approximately $385,000 to support activities related to the conduct and completion of proof-of-concept target validation studies in support of a potential new approach for the prevention and treatment of idiopathic preterm birth. Daré will collaborate with its sub awardee, the Lockwood Laboratory at the University of South Florida (USF) Morsani College of Medicine, on the grant-funded activities. Preterm birth is defined as a live birth before 37 completed weeks of gestation.1,2 Premature babies often have serious health problems. These problems can vary in severity and the earlier a baby is born, the higher the risk of health-related complications, including difficulty maintaining normal body temperature, difficulty breathing or feeding, and susceptibility to severe infections and brain disorders.2,3 “We continue to drive innovation in women’s health and, in light of the FDA’s recent decision to withdrawal its approval of the only product indicated to reduce the risk of preterm birth in women with a history of spontaneous preterm birth, we believe that developing new therapeutic options for pregnant women at risk of delivering preterm is an area of urgent unmet need,” said Sabrina Martucci Johnson, President and CEO of Daré Bioscience. “We commend the NICHD for its commitment to advancing new innovation in this critical area of unmet need and look forward to collaborating with USF on this important new development program.” Under an exclusive option agreement with the University of South Florida Research Foundation, Inc. (USFRF), a nonprofit Florida corporation that is a direct support organization of USF, Daré has an exclusive right, and not an obligation, to elect to negotiate to acquire the exclusive worldwide rights to patents and know-how controlled by USFRF rel...