PharmAla Biotech Holdings, Inc. (TSE:MDMA) has released an update.
PharmAla Biotech Holdings Inc. has achieved a significant milestone with the US Patent and Trademark Office’s allowance for a patent on ALA-002, their novel MDMA enantiomer composition poised to enhance therapeutic outcomes and reduce adverse effects. With promising preclinical results, including reduced addiction potential and improved social interaction effects, the company is advancing clinical research, eyeing potential FDA approval and market exclusivity for various neuropsychiatric disorders. This breakthrough could pave the way for new treatments for conditions like social anxiety in autistic individuals, with no current FDA-approved options.
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