May 4 2012
GenVec, Inc. (Nasdaq: GNVC) announced today that it has received a Phase I Small Business Innovation and Research (SBIR) grant from the National Institute of Allergy and Infectious Diseases (NIAID) of the National Institutes of Health (NIH) to support the Company's Respiratory Syncytial Virus (RSV) vaccine program.
The SBIR grant, valued at approximately $590,000, will provide funding to further understand the impact of maternal immunity against RSV on the generation of a protective immune response in newborns. This is an important factor in the development of an effective vaccine for the pediatric population.
"These funds will be used to further advance our novel pediatric RSV vaccine. RSV has long been recognized as a priority target for vaccine development, and our program has the potential to address this significant unmet medical need," said Jason Gall, PhD, Senior Director of Research and head of GenVec's RSV program.
SOURCE GenVec
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