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The Honolulu Advertiser
Posted on: Friday, October 9, 2009

Cardax gains grant for liver disease drug

Advertiser Staff

Honolulu-based Cardax Pharmaceuticals Inc. said it will receive a grant of up to $1.25 million from the National Institute on Alcohol Abuse and Alcoholism that will be used to advance pre-clinical development and supply of its liver disease drug.

The grant will also fund other pre-clinical proof-of-concept studies to increase understanding of its lead compound, CDX-085, in inflammatory liver disease.

The funding will be broken into several phases.