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PharmAla Launches Nexus Portal for MDMA Prescribers and Therapists
Globenewswire· 2025-10-08 12:55
Core Insights - PharmAla Biotech Holdings Inc. has launched NEXUS, a new tool aimed at connecting prescribers, therapists, and clinic managers involved in MDMA-assisted therapy, enhancing the care delivery process [1][2][3] Group 1: NEXUS Tool - NEXUS is designed to facilitate communication and data sharing among the entire MDMA-assisted therapy team, including prescribers, therapists, and clinic managers [2][3] - The tool aims to address the challenges faced by prescribers and other stakeholders in navigating regulatory pathways and improving patient care [2][3] Group 2: Leadership Changes - Farnoud Kazemzadeh has been appointed as the Chief Operating Officer of PharmAla, bringing extensive experience in scaling businesses [3] - Dr. Harriet De Wit has resigned from PharmAla's Board of Directors, with the company expressing gratitude for her contributions [4] Group 3: Company Overview - PharmAla focuses on the research, development, and manufacturing of MDXX class molecules, including MDMA, and is the only company providing clinical-grade MDMA for patient treatments outside of clinical trials [5] - The company aims to alleviate the backlog of clinical-grade MDMA for trials and commercial sales while developing novel drugs in the same class [5]
PharmAla Completes Shipment of LaNeo™ MDMA to Johns Hopkins
Globenewswire· 2025-10-02 13:15
TORONTO, Oct. 02, 2025 (GLOBE NEWSWIRE) -- PharmAla Biotech Holdings Inc. (“PharmAla” or the “Company”) (CSE: MDMA) (OTCQB:MDXXF), a biotechnology company focused on the research, development, and manufacturing of novel MDXX class molecules (including its LaNeo™ MDMA), is pleased to announce that it has completed its shipment of LaNeo™ MDMA to Johns Hopkins University from its newly onboarded distribution site in the United States. “Our delivery to Johns Hopkins represents a new day for MDMA research in the ...
PharmAla Partners with Veridion Group as Exclusive Distributor in New Zealand
Globenewswire· 2025-09-25 13:30
TORONTO, Sept. 25, 2025 (GLOBE NEWSWIRE) -- PharmAla Biotech Holdings Inc. (“PharmAla” or the “Company”) (CSE: MDMA) (OTC:MDXXF), a biotechnology company focused on the research, development, and manufacturing of novel MDXX class molecules (including its LaNeo™ MDMA), is pleased to announce that it has signed a distribution agreement with Veridion Group (“Veridion”) of New Zealand, to act as exclusive distribution agent for its LaNeo MDMA in the Netherlands market. “With the approval of the first Authorized ...
PharmAla Files Amended and Restated Preliminary Base Shelf Prospectus
Globenewswire· 2025-09-19 20:15
TORONTO, Sept. 19, 2025 (GLOBE NEWSWIRE) -- PharmAla Biotech Holdings Inc. (“PharmAla” or the “Company”) (CSE: MDMA) (OTC:MDXXF), a biotechnology company focused on the research, development, and manufacturing of novel MDXX class molecules (including its LaNeo™ MDMA), is pleased to announce that it has filed an amended and restated preliminary short form base shelf prospectus (the “Prospectus”) to provide the Company with the flexibility to take advantage of financing opportunities and favourable market con ...
PharmAla Incorporates Australian Entity for Clinical Research
Globenewswire· 2025-09-03 13:20
Core Insights - PharmAla Biotech Holdings Inc. has established a wholly-owned subsidiary, PharmAla Biotech Australia Pty Ltd., to conduct research and development activities in Australia [1][2] - The Australian market is recognized for its strong biotech development environment, which the company aims to leverage through existing relationships and expertise [2] - PharmAla Australia will hold a full and perpetual license to the ALA-002 asset and associated patents, enabling it to engage in manufacturing development and clinical research [2][3] Company Developments - The company appointed Dr. Evan Lewis to its Scientific Advisory Board, effective September 1, 2025, enhancing its expertise in clinical research and drug discovery [3][4] - Dr. Lewis has a background in neurology, particularly in epilepsy and pediatric neurology, and has previously led initiatives in psychedelic neurology and medical cannabis [4][5] - PharmAla is focused on alleviating the backlog of clinical-grade MDMA and developing novel drugs within the MDXX class, positioning itself as a leader in the psychedelics industry [6] Industry Context - Australia is highlighted as having a favorable regulatory environment for launching clinical trials, which is expected to benefit PharmAla's operations [3] - The company aims to capitalize on the growing ecosystem of biotech financiers and government incentives in Australia [3] - PharmAla is currently the only company providing clinical-grade MDMA for patient treatments outside of clinical trials, indicating a unique market position [6]
PharmAla Delivers MDMA to Merhavim Mental Health Centre Clinical Trial in Exchange for Full Data License
Globenewswire· 2025-08-07 12:55
Company Overview - PharmAla Biotech Holdings Inc. is a biotechnology company focused on the research, development, and manufacturing of MDXX class molecules, including MDMA [4] - The company aims to alleviate the global backlog of generic, clinical-grade MDMA for clinical trials and commercial sales, while also developing novel drugs in the same class [4] - PharmAla is currently the only company provisioning clinical-grade MDMA for patient treatments outside of clinical trials [4] Recent Developments - PharmAla has completed customs clearance and delivered over 500 capsules of LaNeo 40mg MDMA to Merhavim Mental Health Centre in Israel [1] - The delivery is seen as a precedent for innovative terms that reduce financial risk for researchers while allowing PharmAla to develop intellectual property cost-effectively [2] - The clinical trial associated with this delivery focuses on "MDMA Assisted Psychotherapy for PTSD of Early Sexual Trauma Compared to All Trauma in Adulthood" [2] Research and Support - Researchers can access a tool for drug product quality information on PharmAla's website, facilitating the examination of the LaNeo MDMA Chemistry, Manufacturing, and Control package [3] - PharmAla is open to offering discounts for data sharing where appropriate, encouraging collaboration with qualified researchers [3] Strategic Partnerships - MAPS Israel, a non-profit organization focused on psychedelic research and public health education, is a partner in the clinical trial [2] - The collaboration aims to explore new mental health indications while navigating complexities in cross-border trade and regional conflicts [2] Future Outlook - PharmAla's research and development unit has completed proof-of-concept research into several intellectual property families, including its lead drug candidate ALA-002 [4] - The company emphasizes the importance of maintaining excellent relationships with regulators to achieve success in the psychedelics industry [4]
PharmAla Issues Q3 Financial Statements
Globenewswire· 2025-07-25 21:08
Core Insights - PharmAla Biotech Holdings Inc. has reported significant operational progress, including a large shipment of LaNeo MDMA to a U.S. distribution partner for clinical trials, and the completion of a manufacturing run for LaNeo Capsules in Australia [2][4] Financial Highlights - Customer deposits increased by $150,463 through Q3, with recognized revenue of $79,558, indicating a strong demand for clinical trial products [6] - Total expenses for the nine months ended May 31, 2025, were $2,117,495, compared to $1,085,458 for the same period in 2024, reflecting increased operational costs due to new hires and the cessation of capitalizing R&D costs [6] Company Overview - PharmAla focuses on the research, development, and manufacturing of MDXX class molecules, including MDMA, and aims to alleviate the backlog of clinical-grade MDMA for trials and commercial sales [5] - The company is recognized as the only provider of clinical-grade MDMA for patient treatments outside of clinical trials, emphasizing its regulatory relationships as a key to success in the psychedelics industry [5]
PharmAla Completes Shipment of LaNeo™ MDMA to Yale University, Provides Investor Update
Globenewswire· 2025-06-03 13:15
Core Insights - PharmAla Biotech Holdings Inc. has successfully completed an international shipment of LaNeo™ MDMA to Yale University for a clinical trial focused on Borderline Personality Disorder [1][2] - This shipment follows a previous successful delivery to the University of Washington, indicating PharmAla's growing role in clinical research involving MDMA [2] - The company aims to expand its market presence through these clinical trials, which could lead to new therapeutic applications for its products [2] Company Developments - PharmAla has granted MAPS authorization to publicly post its Investigator's Brochure, enhancing access to research on MDMA for global researchers [3][4] - The company has issued options totaling 1,500,000 shares to various board members and officers, with a fixed exercise price of $0.105, vesting over a 12-month period [5][6][7] - PharmAla's CEO, Nicholas Kadysh, will participate in the Canadian Security Exchange's Summit on Responsible Investment, highlighting the company's commitment to responsible practices in the biotech sector [8] Company Overview - PharmAla Biotech focuses on the research, development, and manufacturing of MDXX class molecules, including MDMA, and is the only company providing clinical-grade MDMA for patient treatments outside of clinical trials [9] - The company aims to alleviate the backlog of generic, clinical-grade MDMA and develop novel drugs, positioning itself as a regulatory-first organization in the psychedelics industry [9]
PharmAla Biotech Warns Against Fake Products Claiming to be Made by PharmAla
Globenewswire· 2025-05-30 13:14
TORONTO, May 30, 2025 (GLOBE NEWSWIRE) -- PharmAla Biotech Holdings Inc. (“PharmAla” or the “Company”) (CSE: MDMA) (OTC: MDXXF), a biotechnology company focused on the research, development, and manufacturing of LaNeo™ MDMA and novel derivatives of MDMA (MDXX class molecules), has become aware of unknown parties illegally retailing a nasal spray online, falsely claiming to be a PharmAla Biotech product and unlawfully using PharmAla logos and trademarks. PharmAla is issuing this warning in order to protect c ...
PharmAla Biotech Launches Phenesafe AI Drug Discovery Platform for Novel Phenethylamines
Globenewswire· 2025-05-15 13:00
Core Insights - PharmAla Biotech Holdings Inc. has launched the Phenesafe AI platform, aimed at developing novel substituted phenethylamine molecules for patenting and further development [1][2] - The company believes that the MDXX class has significant potential for treating various psychiatric and neurological conditions, and the Phenesafe AI platform will enhance their drug discovery capabilities [2][3] Company Overview - PharmAla Biotech is focused on the research, development, and manufacturing of MDXX class molecules, including MDMA, and is the only company providing clinical-grade MDMA for patient treatments outside of clinical trials [4] - The company aims to alleviate the backlog of generic, clinical-grade MDMA for clinical trials and commercial sales while also developing novel drugs within the same class [4] Phenesafe AI Platform - The Phenesafe AI platform combines various tools, including a QSAR model developed with the University of Windsor and specialized AI chemical pathway modeling tools, to facilitate the development and patenting of new molecules [2] - The platform is designed to streamline the drug discovery process by identifying targets, assessing synthesis feasibility, and focusing on safety and intended function [3] Research and Development Focus - PharmAla's R&D unit has completed proof-of-concept research into several intellectual property families, including its lead drug candidate ALA-002 [4] - The company emphasizes the importance of regulatory relationships and safety pharmacology in achieving success in the psychedelics industry [5]