Title:
Formulation of Drug Solution and Prototype Optimization for Intramuscular Injection
Agreement Number:
1018592
Agreement Value:
$30,000.00
Agreement Date:
Jun 1, 2024 - Feb 28, 2025
Description:
MACH32 is developing a drug-device combination medical product for early intervention and treatment of severe hemorrhage. This device administers a large-volume dose of the antifibrinolytic drug tranexamic acid (TXA). It simplifies the delivery of TXA, a clinically proven generic drug that reduces the risk of death due to bleeding by ~ 30%. TXA is underused because it is difficult to deliver and requires intravenous access; less than 5% of eligible patients receive TXA in a timely manner. This project focuses on the development of a highly concentrated TXA formulation optimized for simple intramuscular delivery in autoinjector format.
Organization:
National Research Council Canada
Expected Results:
The purpose of IRAP’s Youth Employment Program is to assist in increasing the supply of highly qualified people, promoting the benefits of advanced studies, demonstrating federal leadership by investing in the skills required to meet the needs of the knowledge economy and facilitating the transition of highly skilled young people to a rapidly changing labour market.
Location:
Edmonton, Alberta, CA T6X 0J6
Reference Number:
172-2024-2025-Q1-1018592
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
701428310
Recipient Type:
For-profit organization
Additional Information:
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 59 days.
Amendment Date
Dec 16, 2024
Recipient's Legal Name:
MACH32 INC.
Federal Riding Name:
Edmonton--Wetaskiwin
Federal Riding Number:
48021
Program:
Industrial Research Assistance Program – Youth Employment Program
Program Purpose:
The purpose of IRAP’s Youth Employment Program is to assist in increasing the supply of highly qualified people, promoting the benefits of advanced studies, demonstrating federal leadership by investing in the skills required to meet the needs of the knowledge economy and facilitating the transition of highly skilled young people to a rapidly changing labour market.
Coverage:
IRAP Youth Employment Program projects stimulate wealth creation for Canada through technological innovation.