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PsychoGenics Inc. awarded a $3 million SBIR grant to employ its AI-enabled platforms for finding treatments for rare disorders.
Amount Raised
$3 Million
Round Type
Seed
ParamusBiotechnologyDescription
PsychoGenics has received a Fast Track Small Business Innovation Research grant worth up to $3 million, which will support the use of its AI-enabled EEG platform to identify applications for existing drugs targeting rare diseases. This initiative aims to provide rapid treatment options for the approximately 10,000 rare diseases affecting millions worldwide.
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