Austin pharma company brings in $4 million for Alzheimer's test, painkilling drugs

Pain Therapeutics Inc. has snagged $4 million in federal funding to advance a pair of its innovative treatments. The Austin-based drugmaker announced Monday it had landed a $2.2 million research-and-development grant from the National Institute on Drug Abuse and a $1.8 million research grant from the National Institutes of Health. The former is for Fenrock, a painkiller patch that is less susceptible to abus e, and the latter is to develop a blood test that can diagnose Alzheimer’s disease. The…
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