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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

Pharmala Biotech Holdings Inc > MDMA: Raw Deal For Newbies
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Post by Flagshipzillaon Apr 20, 2023 4:30pm
157 Views
Post# 35406098

MDMA: Raw Deal For Newbies

MDMA: Raw Deal For NewbiesToday, the stock is down 11% as investors re-evaluate their decisions discovering the company currently has less than $700,00 to its name after the company disclosed only having $732,000 as of November 30, 2022 just about 4.5 months ago.

Soon the company will release its next quarterly results showing an neater cash holdings.

No financings have been announced.  Over the previous 12 months the company declared its cash balance going down by 1.2 million.


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