LumiThera receives $500,000 grant to help bring photobiomodulation device to market
A grant worth $500,000 could help bring a treatment for dry age-related macular degeneration (AMD) to market.
Low-level laser therapy (LLLT) system maker LumiThera (Poulsbo, WA) has been awarded a Washington State Life Sciences Discovery Fund (LSDF) commercialization grant worth $500,000 to help bring a treatment for subjects with dry age-related macular degeneration (AMD) to market.
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Clark Tedford, Ph.D., LumiThera's president and CEO, explains that a seed grant allowed the company to build a noninvasive photobiomodulation prototype instrument and that the matching investor commercialization grant will allow them to complete the commercial product development. The grant with investor matching funds will further support initiation of a pivotal clinical trial in late 2015 in subjects that have dry AMD, he adds.
The grant also provides for collaboration between LumiThera and Product Creation Studio (PCS; Seattle, WA), a design house that has been working with the company to create the instrument.
For more information, please visit www.lumithera.com.
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