PanTher awarded $14.2M from CPRIT to advance cancer treatment

22 August 2022

PanTher Therapeutics, a clinical-stage oncology company developing next-generation targeted therapies for solid tumors, has received a $14.2 million grant from the Cancer Prevention and Research Institute of Texas (CPRIT).

The funding will be used to expand clinical development through Phase II of PanTher’s lead investigational therapy, PTM-101, a minimally invasive, implantable treatment for non-metastatic pancreatic cancer that provides direct, sustained release of a known therapeutic agent at the tumor site.

"Being selected for this highly competitive grant after thorough scientific, medical, regulatory and commercial due diligence, validates the clinical progress achieved so far as well as our mission. This award emphasizes the potential of PTM-101 to significantly benefit individuals with pancreatic cancer, while underscoring the urgent need for safe and effective options for hard-to-treat solid tumors," said Laura Indolfi, chief executive and co-founder of PanTher.

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