Prize4Life - Prizes

Prizes

Prize4Life has launched two major inducement prize contests, with prizes of US$1 million each. The first, an award for the discovery of a biomarker that can reduce the time and cost of ALS clinical trials, was launched in November 2006 and remained open for five years. The second, the Avi Kremer ALS Treatment Prize launched in October 2008, is for the discovery of a therapy that can reliably extend life in the mouse model of ALS by 25%. Prize competitions are open to all. Prize4Life has awarded $175,000 in smaller prizes for theoretical solutions and progress in the early stages of the Biomarker Prize Challenge.

On February 3, 2011, Prize4Life announced that their first prize, the $1M ALS Biomarker Prize, was awarded to Dr. Seward Rutkove for his development of a tool to track the progression of the disease. An effective biomarker will make clinical trials of ALS drugs cheaper, quicker, and more efficient. By overcoming a fundamental obstacle in drug development for ALS, the discovery of a biomarker clears the way for pharmaceutical and biotech companies to develop treatments for ALS.

Read more about this topic:  Prize4Life

Famous quotes containing the word prizes:

    She prizes not such trifles as these are.
    The gifts she looks from me are packed and locked
    Up in my heart, which I have given already,
    But not delivered.
    William Shakespeare (1564–1616)