PharmaTher Secures Key US Patent for Ketamine in Amyotrophic Lateral Sclerosis (ALS), Bolstering its Orphan Drug Designated Program and Targeting a Billion Dollar Market

Core Viewpoint - PharmaTher Holdings Ltd. has received a U.S. patent for the use of ketamine in treating Amyotrophic Lateral Sclerosis (ALS), significantly enhancing its intellectual property portfolio and clinical development program [1][2][3] Company Overview - PharmaTher is focused on unlocking the pharmaceutical potential of ketamine, particularly for severe neurological disorders [1][3][8] - The company aims to address unmet medical needs in various fields, including surgery, pain, mental health, and neurological conditions [8] Patent and Regulatory Designations - The newly granted U.S. Patent No. 12,128,012, expiring on May 14, 2041, provides long-term protection for the specific method of using ketamine to treat ALS [7] - The company holds an Orphan Drug Designation (ODD) from the FDA, which offers seven years of market exclusivity post-approval, tax credits for clinical trials, exemption from FDA application fees, and regulatory guidance [7] Market Opportunity - The ALS treatment market is projected to exceed USD $1.04 billion by 2030, driven by high unmet needs and a dedicated patient advocacy community [7] - Approximately 5,000 new ALS cases are diagnosed annually in the U.S., with an estimated 30,000 individuals currently living with the disease [7] Strategic Positioning - The combination of the new patent and FDA ODD creates a strong strategic advantage for PharmaTher, allowing the company to advance its clinical program and pursue strategic partnerships [6][7] - The company is positioned to deliver potentially life-altering therapies to patients with urgent medical needs [6][3]