Benzinga | Sep 21, 2020 08:15AM EDT

PolarityTE Receives NIH Grant For Point-of-Care Device To Treat Chronic Wounds

PolarityTE, Inc. (NASDAQ:PTE) today announced it has received notification of being awarded a Phase I Small Business Innovation Research grant from the National Institutes of Health (NIH) for an application titled, "Fluid Management System for Point of Care Device for Novel Regenerative Treatment for Chronic Wounds." The Phase I grant, which totals approximately $245,000, is funded over a six-month period and will support research to apply for a subsequent larger Phase II grant.