Press release from Companies
Published: 2012-01-13 17:22:56
WntResearch AB (WNT.ST) announces that an application for support from the Eurostars program has been positively evaluated and that WntResearch has been ranked as 19 out or 115 projects ranked above the quality threshold. The total number of applications was 294. This means that the Company is likely to be funded although we have not yet received any information about the amount of the expected financial support. This will be announced to the market as soon as information received.
The Eurostars programme funds research and development (R&D) activities driven by Small and Medium size Entities. The EU is supporting the initiative with a €100 million grant, while an additional €300 million will come from the 27 countries which have signed up to the initiative. VD Nils Brünner comments: I'm very happy that WntResearch has received this positive evaluation allowing us to believe that we will receive financial support. With this expected support and the latest capital raise - I believe we can move forward as expected with our clinical program moving into clinical phase 1 in 2012. Tommy Andersson comments: As a scientist and founder of WntResearch I'm proud and happy to receive this very encouraging evaluation and I see it as a blue stamp for the Foxy-5 project and the science behind it. For further information please contact: Peter Buhl Jensen, Chairman of the Board E-mail: firstname.lastname@example.org Telephone: +45 2160 8922