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Nyrada: Receives $1.3m R&D rebate for drug programs

Nyrada Receives $1.3m R&D rebate for drug programs

  • Nyrada (NYR) receives a $1.3 million research and development rebate
  • The rebate relates to expenditure on cholesterol-lowering and brain injury drug development programs
  • The company says the projects target markets of significant size and considerable unmet clinical needs
  • The amount received will partially fund the progression of two Phase I clinical trials, as well as the working capital requirements of Nyrad a
  • The amount received will partially fund the progression of these two Phase I clinical trials, as well as the working capital requirements of Nyrad a
  • Shares in Nyrad a were up 4 per cent and last traded at 26 cents each
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