Myovant Sciences Launches “Forward for Health Equity” Grant Program to Improve Healthcare Access in Prostate Cancer and Uterine Fibroids

Rhea-AI Summary

Myovant Sciences (NYSE: MYOV) has launched the 'Forward for Health Equity' grant program, aimed at addressing healthcare access disparities among Black Americans affected by prostate cancer and uterine fibroids. The program will award up to $200,000 in total, with grants of up to $50,000 each for innovative nonprofit healthcare projects. Prostate cancer disproportionately impacts Black men, while uterine fibroids significantly affect Black women. Applications are open until December 31, 2020, focusing on initiatives that improve health equity and innovation in healthcare access.

Positive

• Launch of the 'Forward for Health Equity' grant program, showcasing commitment to healthcare access.
• Total funding of up to $200,000 available for innovative projects targeting healthcare disparities.
• Focus on critical health issues, specifically prostate cancer and uterine fibroids, affecting Black Americans.

Negative

• None.

• Prostate cancer and uterine fibroids disproportionately impact Black Americans; racial disparities are exacerbated by inequities in healthcare access and COVID-19 pandemic
• Myovant expands ongoing efforts to advance health equity with grant program to award up to $200,000 for innovative projects focused on improving access to healthcare
  

BASEL, Switzerland, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Myovant Sciences (NYSE: MYOV), a healthcare company focused on redefining care for women and for men, today announced the launch of its “Forward for Health Equity” grant program. The program will provide funding to nonprofit healthcare organizations with innovative projects focused on improving healthcare access, with an initial focus on reducing racial disparities in prostate cancer and uterine fibroids in the U.S. Myovant will award as many as four grants of up to $50,000 each, for a total of $200,000.

Prostate cancer is the second deadliest cancer in men in the U.S. and has the largest racial disparity of any major cancer, killing Black men twice as often as white men. Uterine fibroids can cause debilitating symptoms such as heavy menstrual bleeding and pain, leading to over 250,000 hysterectomies each year in the U.S., with Black women more likely to undergo more invasive surgical procedures. Studies have also shown that Black men and women have less access to healthcare, and access issues such as lack of insurance coverage have been shown to contribute to the racial disparities in prostate cancer and uterine fibroids.

“Myovant is committed to redefining care for women and for men, not only through the development of new medicines but also through initiatives that aim to address the broader societal issues that lead to health inequities,” said Jarrad Aguirre, M.D., head of corporate strategy and advocacy at Myovant Sciences. “We have forged multiple cross-sector partnerships to advocate for a world in which everyone can move forward on their journey with confidence and health, and we are proud to expand our commitment with the launch of the Forward for Health Equity grant program.”

Myovant previously launched the Female Forward Together coalition in partnership with Evidation Health, Flo Health, HealthyWomen, and PERIOD, with coalition projects including the development of a digital tool to evaluate menstrual blood loss and the creation of a storytelling initiative to reduce stigma around menstruation. Myovant also recently launched the Forward Momentum coalition in partnership with BlackDoctor.org, Evidation Health, and Movember to improve representation of Black men and women in research studies and to develop digital tools for men with prostate cancer.

“Prostate cancer and uterine fibroids have a disproportionate impact on Black men and women, and studies have shown those populations may experience worse outcomes from these diseases due to societal inequities and disparities in healthcare access,” said Reggie Ware, chief executive officer of BlackDoctor.org. “These disparities have been exacerbated by the COVID-19 pandemic, making an effort like Myovant’s Forward for Health Equity grant program an urgent priority and an important initiative.”

The “Forward for Health Equity” grant program will accept applications through December 31, 2020. Applicants must be U.S.-based nonprofit healthcare organizations. Applicants may not be individual healthcare professionals. Applications will be evaluated based on 1) greatest potential to improve health equity, 2) degree of innovation, and 3) focus on healthcare access. Applications will be reviewed by a committee consisting of Myovant employees and external leaders and advocates.

For more information on how to apply, please contact forwardforhealthequity@myovant.com.

About Myovant Sciences 
Myovant Sciences aspires to redefine care for women and for men through purpose-driven science, empowering medicines, and transformative advocacy. Our lead product candidate, relugolix, is a once-daily, oral GnRH receptor antagonist. Relugolix combination tablet (relugolix 40 mg, estradiol 1.0 mg, and norethindrone acetate 0.5 mg) is under regulatory review in Europe and the U.S. for women with uterine fibroids and is under development for women with endometriosis. Relugolix monotherapy tablet (120 mg) is under regulatory review in the U.S. for men with advanced prostate cancer. We are also developing MVT-602, an oligopeptide kisspeptin-1 receptor agonist, which has completed a Phase 2a study for female infertility as part of assisted reproduction. Sumitovant Biopharma, Ltd., a wholly owned subsidiary of Sumitomo Dainippon Pharma Co., Ltd., is our majority shareholder. For more information, please visit our website at www.myovant.com. Follow @Myovant on Twitter and LinkedIn.

Investor Contact:
Frank Karbe
President and Chief Financial Officer
Myovant Sciences, Inc.
investors@myovant.com

Media Contact:
Albert Liao 
Director, Corporate Communications
Myovant Sciences, Inc.
media@myovant.com

FAQ

What is the 'Forward for Health Equity' grant program by Myovant Sciences?

The 'Forward for Health Equity' grant program is an initiative by Myovant Sciences to fund nonprofit healthcare projects aimed at improving healthcare access for Black Americans affected by prostate cancer and uterine fibroids.

How much funding is available through the Myovant grant program?

Myovant Sciences will award up to $200,000 total, with individual grants of up to $50,000 each.

When is the application deadline for the grant program?

Applications for the 'Forward for Health Equity' grant program are accepted until December 31, 2020.

Who can apply for the Myovant grant program?

The grant program is open to U.S.-based nonprofit healthcare organizations, but not to individual healthcare professionals.

What issues does the grant program specifically address?

The program focuses on reducing racial disparities in accessing healthcare for prostate cancer and uterine fibroids, which disproportionately affect Black Americans.