- Five Life Science Startup Companies Focused on Neurodegeneration Research Each Awarded $100,000 Grant
- XSeed Finalists Presented to Board Members Consisting of Experienced MDs and C-Suite from Industry Companies
- Winners Will Also Receive Access to Cure’s Ecosystem at 345 Park Avenue South in New York City
NEW YORK, March 8, 2022 — Deerfield Management Company today announces the grant recipients of its second annual XSeed Award. This year each of the five New York City-based award winners receives a $100,000 grant to further projects focused on neurodegeneration. The XSeed Award is designed to support New York City early stage life science, minority-led startups. The awards will be presented at a ceremony on March 8 at Cure, an innovation campus located at 345 Park Avenue South in Midtown Manhattan. NYCEDC’s Lindsay Greene, life science industry leaders, and elected NYC officials will attend the event.
“Applicants this year focused on neurodegenerative conditions, which is progressive atrophy and loss of function of neurons present in neurodegenerative diseases such as Alzheimer’s and Parkinson’s diseases,” said Elise Wang, Partner at Deerfield Management. Research has indicated that 77 percent of New Yorkers with subjective cognitive decline have at least one chronic condition. “Each year the XSeed Award takes on a different focus need while supporting broader diversity and varied perspectives to create better ideas and solutions.”
The 2022 finalists for Deerfield’s XSeed Award are:
- Arne Gennerich and Hernando Sosa, Professors of Biochemistry, Albert Einstein College of Medicine, Targeting KIF1A-associated neurological disorder