NEI Awards LayerBio $1.2 Million to Develop Sustained-Release Glaucoma Drug

May 11, 2018: By Jon Swedien

The National Eye Institute at the National Institutes of Health has awarded LayerBio a $1.2 million small business grant to develop its sustained-release formulation of the glaucoma drug travoprost, the Massachusetts-based company announced May 8.

LayerBio, founded in 2013, is a spin-off from the lab of Paula Hammond, MD, at MIT. The company is developing novel drug delivery products for ophthalmology, wound care, tendon repair, and other unmet medical needs.

LayerBio’s sustained-release glaucoma formulation is based on its PolyNet platform, a novel network polymer-based drug delivery technology invented at LayerBio by company founder Ken Mandell, MD, and co-founder Aleks White.

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