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Pharmala Biotech Holdings Inc C.MDMA

Alternate Symbol(s):  MDXXF

PharmAla Biotech Holdings Inc. is a Canada-based biotechnology company. The Company is focused on the development, manufacture and sales of methylenedioxy methamphetamine (MDMA) and methylenedioxy phenethylamines (MDXX) class molecules in service to the burgeoning clinical research community and growing commercial use cases in select jurisdictions. The Company has three primary business lines: the manufacture of MDMA and MDXX class molecules for sale to clinical researchers in both the commercial and academic sphere, the research and development of novel MDXX class compounds which offer unique benefits above and beyond known substances, and the development of novel delivery mechanisms for MDMA and MDXX class compounds. Its research and development unit has completed proof-of-concept research into several IP families, including ALA-002, its lead drug candidate. It works with laboratories across Canada to develop novel processes for the supply of LaNeo MDMA and other MDXX substances.


CSE:MDMA - Post by User

Post by inviolablspiriton Jun 05, 2024 9:56am
100 Views
Post# 36072989

Interesting trading today so far

Interesting trading today so farInteresting to see the response against Pharmala stock after the FDA Panal review board gave a negative recommendation and Optimi is so far untouched by the news.  Nick made it clear in the last interview that Pharmala will not be doing business in the US because if MDMA gets approved by the FDA then Lykos gets exclusivity in the US for the next 5 years anyways, so this FDA recommendation should have little effect on Pharmala.   His focus is the other countries (i.e. currently Australia and Canada), but because Pharmala's patented MDMA derivatives do address some of the safety risk concerns brought up by the FDA panal regarding cardiovascular issues this actually makes Pharmala even more valuable to big pharma as Pharmala's MDMA molecule is patented and therefore money can be made for big Pharma with the rights to this drug.  Clinical trials with Pharmala's MDMA molecule could now open the door for this company to be the MDMA molecule of choice for approval in the US.  Pharmala actually just became more valuable.  Those who sold may regret the sell.
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