Lineage Cell Therapeutics Awarded NIH Grant for Innovative Vision Restoration Program
Lineage Cell Therapeutics, Inc. (LCTX)
Company Research
Source: Business Wire
CARLSBAD, Calif.--(BUSINESS WIRE)--Lineage Cell Therapeutics, Inc. (NYSE American and TASE: LCTX), a clinical-stage biotechnology company developing novel cell therapies for unmet medical needs, today announced that it has been awarded a new $670,621 Small Business Innovation Research (SBIR) grant to advance its Vision Restoration Program, the Company’s proprietary and innovative program generating 3-dimensional human retinal tissue derived from pluripotent cells. Lineage’s Vision Restoration Program aims to address a wide range of severe retinal degenerative conditions including retinitis pigmentosa, advanced forms of age-related macular degeneration (AMD), and ocular trauma. The program and its award are distinct from OpRegen®, the Company’s clinical-stage cell therapy program which features the sub-retinal delivery of retinal pigment epithelium cells for the treatment of dry-AMD.“Grants for ophthalmology research from the NIH are highly competitive and we believe this new award
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