15 Jul 2009   |   News

Affectis awarded €550K Bavarian grant


Affectis Pharmaceuticals has announced that it has been awarded a €550,000 grant from the Bavarian Technology Promotion Programme (BayTP) of the Bavarian Ministry of Economics, to fund the identification and characterisation of drugs for the treatment of major depression.  

Herbert Stadler, CEO and co-founder of Affectis, said, “We are pleased to have received this highly competitive grant from BayTP. The funds will accelerate the development of three innovative drug candidates that aim to address the needs of patients suffering fromdepression.” 

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