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PharmaTher Granted FDA Orphan Drug Designation for Ketamine to Treat ALS

Stockhouse Editorial
9 Comments| August 4, 2021

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PharmaTher Inc. (CSE: PHRM, OTC: PHRRF, Forum) – a clinical-stage psychedelics biotech company focused on repurposing and finding new or novel formulations of psychedelics for the disorders of the brain and nervous system – has announced that the U.S. Food and Drug Administration (FDA) has granted orphan drug designation (ODD) for ketamine in the treatment of Amyotrophic Lateral Sclerosis (ALS), also known as Lou Gehrig's disease.

Fabio Chianelli, CEO of PharmaTher, commented:

“Receiving FDA orphan drug designation is a massive validation for ketamine as a potential treatment for ALS, and it allows us to confidently proceed in evaluating ketamine in a phase 2 clinical study in patients suffering from this life-threatening disease. This designation not only expedites our regulatory, clinical and product development plans, but also validates our belief in the potential of ketamine as a therapeutic solution for neurological disorders.”

Full story here.


FULL DISCLOSURE: PharmaTher Inc. is a client of Stockhouse Publishing.


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