Myovant Sciences (NYSE:MYOV) has launched its “Forward for Health Equity” grant program to improve healthcare access in uterine fibroids and prostate cancer.
Myovant to issue $200,000 grant to improve healthcare
The company will offer funds to non-profit healthcare organizations through innovative efforts to enhance access to healthcare. The primary focus will be reducing racial inequalities for uterine fibroids and prostate cancer in the US. The company will give four grants of around $50,000, each totaling to $200,000.
Currently, prostate cancer is one of the deadliest cancers types in men across the US with a high racial disparity of any type of cancer, and it is killing twice as many Black men as White men. On the other hand, uterine fibroids cause debilitating symptoms like pain and heavy menstrual bleeding, resulting in more than 250,000 hysterectomies every year in the US, with Black women at a disadvantage likely to undergo invasive surgical procedures. According to studies, black women and men have limited access to healthcare and access to issues like lack of insurance cover, contributing to racial disparities in healthcare access.
Jarrad Aguirre, the company’s strategy and advocacy head, indicated that Myovant is dedicated to redefining healthcare for men and women by developing new medicines and initiatives to address wider societal issues leading to healthcare inequality. Aguirre added that the company has entered multiple cross-sector collaborations advocating for a society where every individual can move forward in their life with health and confidence. He added that they are proud to enhance their commitments with the launch of the grant program.
Myovant partnering with other groups to address various healthcare issues
Previously the company had launched the Female Forward Together coalition in collaboration with Flo Health, Evidation Health, PERIOD, and HealthyWomen. The coalition projects include developing a digital too evaluating menstrual blood loss as well as creating a storytelling initiative addressing the stigma around menses. Also, Myovant partnered with BlackDoctor.org, Movember, and Evidation Health to launch the Forward Momentum coalition.