KETARx™

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PharmaTher Provides Corporate Update Following FDA Approval of Ketamine (KETARx™)
Globenewswire· 2025-08-26 12:00
Core Insights - PharmaTher Holdings Ltd. has received FDA approval for KETARx™, positioning the company for market entry and expansion into rare disorders [2][3] - The company aims to establish a strong ketamine franchise focusing on surgical and diagnostic anesthesia, while also pursuing additional therapeutic applications [2][4] - The global ketamine injectable market is projected to grow from $725 million in 2024 to $3.42 billion by 2034, indicating significant market potential [4] Commercialization Strategy - PharmaTher is implementing a comprehensive strategy for KETARx™ aimed at sustainable growth through strategic partnerships and self-launch capabilities [3][5] - The company is in advanced discussions with specialty pharmaceutical partners to accelerate U.S. and international launches, with a definitive agreement expected by Q4-2025 [5][6] - If no partnership is secured, PharmaTher plans to self-launch KETARx™ leveraging established manufacturing and commercial partners [5] Market Opportunity - The U.S. market has approximately 50-55 million surgical procedures and 23-24 million diagnostic procedures annually that utilize anesthesia, representing high-value access points for KETARx™ [4] - The increasing number of surgical and diagnostic procedures, driven by an aging population and rising chronic diseases, creates robust demand for KETARx™ [4] - The FDA's increasing openness to real-world evidence supports a fast-follower strategy under the 505(b)(2) pathway for rare disorders [4][7] Regulatory Pathway - PharmaTher is pursuing additional FDA approvals for KETARx™ to address rare disorders, leveraging orphan drug designations to enhance market exclusivity [7][8] - The company plans to submit a New Drug Application (NDA) for Complex Regional Pain Syndrome (CRPS) by the end of Q4-2025, with a potential Prescription Drug User Fee Act (PDUFA) date by Q4-2026 [8][9] - PharmaTher holds five FDA orphan drug designations for ketamine, each representing distinct opportunities for market exclusivity [8] Future Plans - The company intends to submit another NDA for KETARx™ to treat a different rare disorder by Q1-2026, with details to be released closer to the filing [10] - PharmaTher is strategically focused on advancing ketamine for rare disorders, avoiding non-orphan indications to maintain competitive advantages [11]
PharmaTher Founder and CEO Issues Letter to Shareholders following the FDA Approval of Ketamine (KETARx™)
Globenewswire· 2025-08-14 12:00
Core Viewpoint - PharmaTher Holdings Ltd. has received FDA approval for its ketamine product KETARx™ for surgical pain management, marking a significant milestone for the company and the potential for future growth in the pharmaceutical market [1][2]. Group 1: FDA Approval and Market Impact - The FDA approval for KETARx™ is described as a turning point for PharmaTher, indicating a new era of opportunities for the company and its shareholders [2]. - The company is moving quickly into pre-launch commercialization of KETARx™ in the U.S. and is preparing for international regulatory filings [3]. - There is an immediate surge of interest from specialty pharmaceutical companies, indicating a strong market response to the approval [3]. Group 2: Commercialization Strategy - Partnership discussions are already underway, and the company is advancing its commercial plan to launch KETARx™ within the year [4]. - The sales strategy targets hospitals, specialty clinics, and government institutions, including the U.S. Department of Defense and Veterans Health Administration [4]. - The company emphasizes that this is only the first phase, with millions of surgical patients set to benefit from KETARx™ [5]. Group 3: Future Potential and Pipeline - The FDA approval reinforces the company's mission to unlock the full pharmaceutical potential of ketamine for various disorders, including mental health and pain conditions [6]. - The company is exploring additional clinical-stage programs under the FDA's 505(b)(2) pathway, which could expand its market reach [7]. - The pipeline includes treatments for conditions such as Parkinson's disease, ALS, and CRPS, as well as innovative delivery methods like a ketamine patch and wearable pump [9]. Group 4: Vision and Commitment - PharmaTher's vision since its founding in April 2020 has been to focus entirely on ketamine, culminating in the recent FDA approval [8]. - The company aims to build itself into a leader in next-generation ketamine therapeutics, with a commitment to innovation and global expansion [10][11].
PharmaTher Founder and CEO Issues Letter to Shareholders Following the FDA Approval of Ketamine (KETARx(TM))
Newsfile· 2025-08-14 12:00
PharmaTher Founder and CEO Issues Letter to Shareholders Following the FDA Approval of Ketamine (KETARx(TM)) August 14, 2025 8:00 AM EDT | Source: PharmaTher Holdings Ltd. Toronto, Ontario--(Newsfile Corp. - August 14, 2025) - PharmaTher Holdings Ltd. (OTCQB: PHRRF) (CSE: PHRM) (the "Company" or "PharmaTher"), a specialty pharmaceutical company focused on unlocking the pharmaceutical potential of ketamine, announced today that Fabio Chianelli, the Company's Founder, Chairman and Chief Executive Officer, has ...
PharmaTher Announces FDA Approval of Ketamine (KETARx(TM))
Newsfile· 2025-08-11 13:49
Core Viewpoint - PharmaTher Holdings Ltd. has received FDA approval for its ketamine product KETARx™, marking a significant milestone in the company's efforts to become a leader in ketamine-based pharmaceuticals and contributing to the psychedelic pharmaceutical revolution [1][2]. Company Summary - The FDA approved KETARx™ on August 8, 2025, for surgical pain management, which positions PharmaTher strategically in the market [1]. - The company aims to leverage this approval to expand its product pipeline into various therapeutic areas, including mental health, neurological disorders, and chronic pain management [3]. - CEO Fabio Chianelli emphasized that this approval is a testament to years of development and signals a new era of growth for PharmaTher [2]. Industry Summary - Ketamine is the only psychedelic drug listed on the World Health Organization's Model List of Essential Medicines, highlighting its importance in the pharmaceutical landscape [2]. - The global ketamine market is currently valued at $750 million and is projected to grow to $3.42 billion by 2034, with a compound annual growth rate of 16.4% [2]. - SPRAVATO® (esketamine), an FDA-approved treatment for depression, is on track for a sales run rate of $1.6 billion, with expectations of reaching $3 billion to $3.5 billion by 2027-2028 [2]. - The FDA's approval of KETARx™ comes amid ongoing drug shortages, indicating a significant demand for a reliable supply of ketamine [4]. - The Veterans Health Administration is currently funding ketamine infusions for veterans suffering from depression, PTSD, and chronic pain, further underscoring the therapeutic potential of ketamine [4].
PharmaTher Announces FDA Approval of Ketamine (KETARx™)
Globenewswire· 2025-08-11 13:26
Core Insights - The U.S. FDA has approved PharmaTher's ketamine product, KETARx™, for surgical pain management, marking a significant milestone for the company and positioning it within the psychedelic pharmaceutical sector [1][2][3] Company Overview - PharmaTher Holdings Ltd. aims to become a global leader in ketamine-based pharmaceuticals, focusing on mental health, neurological, and pain disorders [2][5] - The company has a strong commitment to developing ketamine for various therapeutic areas, including depression, Parkinson's disease, ALS, and chronic pain management [3] Market Potential - The global ketamine market is currently valued at $750 million and is projected to grow to $3.42 billion by 2034, reflecting a compound annual growth rate (CAGR) of 16.4% [2] - SPRAVATO® (esketamine), an FDA-approved treatment for depression, is on track for sales of $1.6 billion, with expectations of reaching $3 billion to $3.5 billion by 2027-2028, highlighting the market's potential for KETARx™ [2] Regulatory Context - The FDA's approval of KETARx™ provides a foundation for expanding ketamine's development across various therapeutic areas, addressing a significant need for a consistent, high-quality supply of ketamine [3][4] - The FDA has recognized the importance of expanding research and access to psychedelic therapies, particularly for veterans suffering from mental health issues [4]