other material
confidence high
sentiment positive
materiality 0.80
NRx Defense Systems awarded DARPA prime contract worth up to $11.2M for SPARC-TMS trial
NRX Pharmaceuticals, Inc.
- NRx Defense Systems, an NRx Pharmaceuticals subsidiary, won a DARPA prime contract with aggregate value about $11.2 million and $6.7 million initially obligated.
- The contract has an 18-month performance period and milestone payments; DARPA receives a nonexclusive license while NRx Defense retains ownership of inventions.
- SPARC-TMS will evaluate single-day robotic neuronavigated TMS plus NRX-101 for treatment-resistant depression; FDA-approved trial NCT07227103 is expected to begin enrolling.
- Partners include HOPE Therapeutics, Harvard Medical School's McLean Hospital, Arizona State University, Zeta Surgical Systems, and Neurocare of America.
- If replicated, results could support an FDA registration study; DARPA cited 8.9 million American adults and a $44 billion burden of treatment-resistant depression.