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CytRx receives grant for diabetes drug

CytRx has been awarded a grant of approximately $222,000 to develop its inhibitors for the treatment of type 2 diabetes and obesity.

CytRx was awarded the grant by the National Institute of Diabetes and Digestive and Kidney Diseases, a part of the National Institutes of Heath (NIH), based on the company’s small molecule and structure-based drug design expertise.

Obesity is a major factor in the increased incidence of type 2 diabetes. However, most current therapies for treating type 2 diabetes focus on hyperglycemia control and insulin resistance, rather than obesity.

Elevation of plasma free fatty acid levels is an important clinical feature in type 2 diabetes and obesity. Funds from the SBIR grant will be used by CytRx to further develop potential inhibitors of fatty acid synthase, a target which plays a role in weight gain and insulin responsiveness in type 2 diabetes.

The SBIR Program is intended to support innovative research that has the potential for commercialization.