Pharmather Holdings Ltd Stock Price, News & Analysis

PharmaTher Holdings Ltd. (OTCQB: PHRRF) has received its 5th FDA orphan drug designation for KETARX™ (racemic ketamine) to treat Rett Syndrome, a rare neurological disorder that primarily affects girls. This designation paves the way for proposed Phase 3 clinical trials. The company has previously received orphan designations for conditions including Ischemia-reperfusion injury and Status Epilepticus. Currently, no FDA-approved treatments exist for Rett Syndrome, impacting 1 in 10,000 female births. KETARX™ shows potential in treating this condition, validated through prior research and ongoing clinical trials.

PharmaTher Holdings Ltd. (OTCQB: PHRRF) has submitted a meeting package to the FDA to advance its ketamine product, KETARX™, into Phase 3 development for treating levodopa-induced dyskinesia in Parkinson's disease. The company aims to utilize the 505(b)(2) pathway for a new drug application. Notably, KETARX™ has shown promising results in prior studies, with 100% of subjects experiencing reduced dyskinesias. The FDA is expected to respond by March 20, 2023. Additionally, PharmaTher is seeking Fast Track Designation, which could expedite KETARX™'s development process, benefiting patients with this debilitating condition affecting over 10 million globally.

PharmaTher Holdings Ltd. has applied for Orphan Drug Designation from the FDA for ketamine to treat Rett Syndrome, a rare neurological disorder. This follows a completed Phase 2 clinical trial, with unpublished results expected to support a future Phase 3 study. The company holds four existing orphan drug designations for ketamine, including conditions such as Status Epilepticus and Amyotrophic Lateral Sclerosis. If approved, ketamine would qualify for marketing exclusivity, tax credits, and other benefits. Rett syndrome affects 1 in 10,000 female births with no current FDA-approved treatments.

PharmaTher Holdings Ltd. aims to commercialize KETARX™ (racemic ketamine) for mental health, neurological, and pain disorders. The company is seeking FDA approvals via the ANDA and 505(b)(2) pathways by H2-2023. Key development initiatives include Phase 3 studies for Parkinson’s disease and Phase 2 studies for amyotrophic lateral sclerosis (ALS) and microneedle patch delivery. PharmaTher has received four FDA orphan drug designations, enhancing its market potential. The projected revenue from KETARX™ could reach up to USD $40 million based on one million unit sales at an average price of USD $25-40.

PharmaTher Holdings Ltd. announced that the FDA has granted its fourth orphan drug designation for ketamine, aimed at preventing ischemia-reperfusion injury from organ transplantation. This designation is pivotal as it qualifies ketamine for various benefits including seven years of marketing exclusivity upon regulatory approval. The company now holds four orphan designations for ketamine, targeting conditions like Status Epilepticus and Amyotrophic Lateral Sclerosis. In 2022, there were over 39,000 organ transplants in the U.S., highlighting the ongoing need for effective treatments in this area.

PharmaTher Holdings Ltd. announced plans to engage with the FDA for a Phase 3 clinical study of KETARX™ (ketamine) aimed at treating levodopa-induced dyskinesia in Parkinson's disease. A recent Phase 1/2 study demonstrated that 100% of patients showed a reduction in dyskinesias, measuring a significant 51% reduction in symptoms at two weeks post-infusion. The company aims for FDA approval under the 505(b)(2) regulatory pathway, with market potential exceeding $3 billion in the U.S. alone as the global Parkinson's market is projected to grow to $7.5 billion by 2025.

PharmaTher Holdings Ltd. (OTCQB: PHRRF) has entered an exclusive option agreement with Case Western Reserve University to develop ketamine for treating Rett Syndrome, a rare neurological disorder. This follows a Phase 2 clinical trial demonstrating ketamine's potential benefits. Currently, there are no approved treatments for Rett Syndrome, which impacts girls predominantly and leads to severe impairments. The agreement grants PharmaTher a 12-month evaluation period for CWRU’s intellectual property, with potential for future licensing negotiations.

PharmaTher Holdings Ltd. has received a US patent for novel applications of ketamine aimed at treating Parkinson’s disease and motor disorders. Positive results from a Phase 1/2 clinical study showed that 100% of participants experienced a reduction in levodopa-induced dyskinesia, with a significant 51% reduction observed after the second infusion. The company plans to conduct a Phase 3 study to pursue FDA approval for KETARX™, its ketamine product, under the 505(b)(2) pathway. The growing market for Parkinson’s treatments is projected to reach $7.5 billion by 2025.

PharmaTher Holdings Ltd. (OTCQB: PHRRF) reported a total of $12.12 million in cash and investments as of May 31, 2022, fully funding its ketamine-based development programs for mental health and pain disorders.

The company aims for FDA approval of its ketamine injection and infusion products by 2H-2023. Key milestones include results from a Phase 2 clinical trial for ALS and potential Phase 3 trials for Parkinson’s disease. The firm is also pursuing partnerships for its innovative delivery systems.