PharmAla Biotech Posts Strong Q3 Growth and IP Advances
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PharmAla Biotech Posts Strong Q3 Growth and IP Advances

Story Highlights
  • PharmAla Biotech announces significant revenue growth and international market expansion.
  • Company secures joint venture permanence and US patent for promising APA-01 molecule.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

PharmAla Biotech Holdings, Inc. (TSE:MDMA) has released an update.

PharmAla Biotech Holdings Inc. reports a tenfold revenue increase in Q3 and solidifies its market presence by securing new opportunities in international markets. The biotech firm has strengthened its position through a permanent joint venture with Cortexa and the issuance of a US patent for its novel molecule, APA-01, which shows promise for treating a range of indications. Additionally, PharmAla acknowledges the support from IPON in securing global patents and announces a new contract and share grant for its CEO.

For further insights into TSE:MDMA stock, check out TipRanks’ Stock Analysis page.

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