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CALGARY, Alberta, March 30, 2026 (GLOBE NEWSWIRE) — Marvel Biosciences Corp. (TSXV: MRVL | OTC: MBCOF), and its wholly owned subsidiary, Marvel Biotechnology Inc. (collectively “Marvel” or the “Company”), a drug discovery company developing novel therapeutics for autism spectrum disorder and related conditions, today announced it has secured non-dilutive funding from the Alberta Innovates CarE (AICE) market access program to support the Phase I testing of its lead compound, MB-204.
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The $600,000 AICE-funded project represents a significant contribution toward the overall cost of the Phase I clinical trial of MB-204 and supports the advancement of the program into human trials. The AICE program is highly competitive and subject to rigorous peer review, providing strong third-party validation of the scientific and commercial potential of MB-204.
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“On behalf of Marvel Biosciences, we are very grateful to Alberta Innovates for recognizing the importance and potential of MB-204 as a novel approach to treating autism spectrum disorders (ASD) and related conditions” commented CEO Rod Matheson. “This competitive, peer-reviewed funding reinforces growing confidence around MB-204, and its potential to address socio-behavioural symptoms through a differentiated mechanism.”
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In addition to this award, Marvel also recently received a grant from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) for the development of a novel, small volume, liquid-based formulation of MB-204. This pediatric-friendly formulation is designed to improve patient compliance, particularly for individuals with difficulty swallowing (refer to press
release dated February 18, 2026).
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Together, these funding milestones reflect increasing validation of Marvel’s development strategy and the therapeutic potential of MB-204, at a critical inflection point as it transitions from preclinical innovation to clinical-stage execution. With capital secured and formulation development already underway, the Company is advancing toward clinical-stage execution with strong operational momentum.
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About
Marvel
Biosciences
Corp.
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Marvel Biosciences Corp., through its wholly owned subsidiary Marvel Biotechnology Inc., is a Calgary-based biotechnology company developing new treatments for neurological diseases and neurodevelopmental disorders. Our lead drug candidate, MB-204, is a novel fluorinated derivative version of Istradefylline, an approved Parkinson’s drug and the only adenosine A2A receptor blocker currently on the market.
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Research shows that blocking the A2A receptor may help treat conditions such as autism, depression, and Alzheimer’s disease. Marvel is also exploring MB-204’s potential in rare disorders such as Rett syndrome and Fragile X syndrome to provide new options for patients with few effective treatments.
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