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May 14, 2010 (FinancialWire) — RegeneRx Biopharmaceuticals, Inc. (AMEX: RGN) said it has been awarded a $3 million grant from the National Institutes of Health’s National Heart, Lung and Blood Institute to support and accelerate the clinical development of its novel product candidate RGN-352, an injectable formulation of the novel therapeutic peptide Thymosin beta 4, for patients who have suffered an acute myocardial infarction, or AMI, commonly known as a heart attack.

The award is being issued under the American Reinvestment and Recovery Act of 2009. The company said it is planning to initiate a Phase 2 clinical trial with RGN-352 later this year.

RegeneRx said that the grant award will allow the company to conduct a number of key scientific activities in parallel that should facilitate the commercial development of RGN-352.

Maryland-based RegeneRx is focused on the development of Thymosin beta 4 for tissue and organ protection, repair and regeneration. 

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