PTE - PolarityTE secures research grant from NIH

PolarityTE (PTE) rises 5.5% in premarket, after being awarded a Phase I Small Business Innovation Research grant from the National Institutes of Health ((NIH)) for point-of-care devices to treat chronic wounds.”The Phase I grant of ~$245k, is funded over a six-month period and will support research to apply for a subsequent larger Phase II grant.

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PolarityTE secures research grant from NIH