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PHARMALA BIOTECH HLDG INC - $MDXXF STOCK NEWS

Welcome to our dedicated page for PHARMALA BIOTECH HLDG news (Ticker: $MDXXF), a resource for investors and traders seeking the latest updates and insights on PHARMALA BIOTECH HLDG stock.

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Rhea-AI Summary
PharmAla Biotech Holdings Inc. announces the commencement of batch manufacturing of GMP LaNeo® MDMA 40mg capsules by its joint venture, Cortexa Pty. , marking a significant milestone in the Australian psychedelic landscape. The exclusive arrangement with Optima Ovest for domestic manufacturing strengthens Cortexa's position as a leader in the field and signals commitment to the growing Australian market for LaNeo™ MDMA.
Rhea-AI Impact
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End-of-Day
-5.55%
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PharmAla Biotech Holdings Inc. receives USPTO allowance for ALA-002 patent, a novel mixture of MDMA enantiomers with improved therapeutic potential. The patent provides strong IP protection for the company's lead investigational MDXX NCE, showing reduced hyperthermia incidence and enhanced pro-social effects in preclinical testing.
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-0.85%
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PharmAla Biotech Holdings Inc. has received a patent for its PharmAla-1 molecule, now known as APA-001, which shows promising therapeutic features in proof-of-concept rodent models. The molecule has a strong pro-social signal, induces neuroplasticity, and has a low abuse liability. The company is evaluating potential applications in treating psychological trauma, neurological damage, Traumatic Brain Injury (TBI), stroke, and fear disorders.
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2.13%
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PharmAla becomes the first company to supply both MDMA and Psilocybin into the Australian Market, establishing a significant presence in the psychedelic medicine sector.
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Red Light Holland Corp. initiates a research project to develop a process for manufacturing natural-source Active Pharmaceutical Ingredient (API) derived from psilocybin truffles. The project aims to produce high-margin Psilocybin medical products and gain valuable intellectual property. Researchers from PharmAla Biotech will manage the project, focusing on extraction and purification of Psilocybin for use in various markets.
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6.42%
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PharmAla Biotech Holdings Inc. announced the immediate change of its OTC ticker symbol to 'MDXXF' to better align with its focus on the research, development, and manufacturing of MDXX class molecules. The company's CEO, Nick Kadysh, expressed excitement for the attention it will receive from US audiences as the FDA is set to announce its assessment approach for MDMA as a therapeutic molecule. PharmAla will release its Q1 financial statements on January 29th, 2024.
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