Parkinson's Foundation and Parkinson's UK Strike Strategic Partnership to Accelerate Drug Development

MIAMI and NEW YORK, Aug. 23, 2022 /PRNewswire/ -- The Parkinson's Foundation and Parkinson's UK, an organization based in the United Kingdom that funds research and provides life-changing support for people with Parkinson's disease (PD), have announced a new international strategic partnership to boost investment in groundbreaking research leading the search for new treatments for PD, which affects 10 million people worldwide.
Parkinson's Foundation and Parkinson's UK Strike Strategic Partnership to Accelerate Drug Development
Over the next three years, the Parkinson's Foundation will invest a minimum of $3 million into the Parkinson's Virtual Biotech, the drug development arm of Parkinson's UK. The money, in addition to Parkinson's UK's ongoing investment, will accelerate research into the scientific breakthroughs that have the greatest potential to become life changing medications. Parkinson's UK has invested over $19 million (A?16 million) in Virtual Biotech projects since it started in 2017.By operating like a biotech but without the additional costs of full-time staff and buildings, the Parkinson's Virtual Biotech is a uniquely innovative approach to drug development within the charity sector. Led by pharma and biotech experts, the Virtual Biotech team reviews and curates the most promising research from the thousands of studies underway at any given time. The experts identify projects with strong potential that would otherwise struggle to find private sector investors. Then the Parkinson's Virtual Biotech invests in these directly, providing ongoing oversight and stewardship, and identifying the right global partners to work with.Currently the Parkinson's Virtual Biotech is fast tracking nine promising projects including the potential of cannabidiol to treat psychosis in PD, whether a common anti-sickness drug could manage hallucinations, and if it's possible to develop therapies that restore mitochondrial function to slow or stop the condition.
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