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Algernon Pharmaceuticals Inc. C.AGN

Alternate Symbol(s):  AGNPF

Algernon Pharmaceuticals Inc. is a clinical-stage drug development company. The Company is focused on developing repurposed therapeutic drugs in the areas of non-alcoholic steatohepatitis (NASH), a type of liver disease, chronic kidney disease (CKD), inflammatory bowel disease (IBD), idiopathic pulmonary fibrosis (IPF) and chronic cough as well as advancing a stroke program using N, N-Dimethyltryptamine (DMT). The Company operates through two segments, which includes the development of repurposed therapeutic drugs in Canada and the facilitation of the Company’s lead drug candidates into off-label phase II clinical trials (humans) in Australia. The Company's pipeline includes NP-251 (Repirinast) and AP-188 (DMT). The Company, through its subsidiary, Algernon NeuroScience Inc., is developing AP-188 (DMT) as a potential treatment for stroke and traumatic brain injury (TBI) recovery. Its NP-251 is being developed as a potential treatment for kidney inflammation and fibrosis.


CSE:AGN - Post by User

Post by Justdosomeddon Feb 16, 2023 2:43pm
212 Views
Post# 35290466

DMT For Stroke Found Safe to Proceed to the Next Trial Phase

DMT For Stroke Found Safe to Proceed to the Next Trial Phase
As expected, AGN.c's DMT for stroke phase 1 trial went well and was found safe to proceed to phase 2 trials. AGN’s safety review committee has also approved moving the study forward with the next cohort at an escalated dose after observing no safety or tolerability issues.
 
- Phase 1’s purpose is to identify the safety, tolerability, and pharmacokinetics of DMT when administered as an intravenous bolus followed by a 6 hour infusion.
- Once the correct dose amount has been established in the first part of the study, the second part of the study will include dosing subjects for 6 hours, with repeated dosing over a two-week period.
- Additionally, they’re already designing phase 2 which is expected to dose patients immediately following an ischemic stroke diagnosis and will test the effects of DMT versus placebo on patient recovery to see DMT’s neuroplasticity effects.
 
https://ca.finance.yahoo.com/news/algernon-neuroscience-provides-phase-1-120000274.html
 
Great to see the continued developments here especially considering the past studies/evidence that are pointing toward DMT being a potentially revolutionary drug in the stroke recovery space. Additionally, it could further legitimize psychedelics as an effective drug for health and wellness. Once phase 2 commences there’s going to be a lot to look out for considering the current valuation of just $4.8M.
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