PharmAla Biotech Expands MDMA Distribution in New Zealand
PharmAla Biotech Partners with Veridion Group
PharmAla Biotech Holdings Inc. (CSE: MDMA) (OTC: MDXXF), a pioneering biotechnology firm, is thrilled to share its latest agreement with Veridion Group. This partnership marks a significant milestone as Veridion becomes the exclusive distributor for PharmAla’s LaNeo™ MDMA in New Zealand.
Significance of the Partnership
The potential of this collaboration has been underscored by recent developments in the pharmaceutical landscape of New Zealand. Following the approval of an Authorized Prescriber for Psilocybin, there has been a surge in interest among clinicians toward prescribing MDMA treatments. The CEO of PharmAla, Nick Kadysh, expressed his enthusiasm about the collaboration, stating it encompasses not just a business agreement but a shared mission towards enhancing patient care.
Strategic Distribution Plans
The agreement includes a noteworthy annual purchase minimum, initially waived for the first year. PharmAla's strategy entails shipping products from its existing Australian inventory, showcasing a commitment to streamline operations and effectively cater to the burgeoning New Zealand market.
Expertise and Standards
Veridion Group is well-regarded for its adept management of complex and highly regulated medicines. Courtney Letica, CEO of Veridion, highlighted the alignment between both companies, emphasizing their shared dedication to providing safe and controlled access to MDMA treatments. This partnership illustrates a commitment to high standards and patient safety.
Leadership Enhancements at PharmAla
In addition to the partnership with Veridion, PharmAla is proud to announce the appointment of Dr. Kiyan Afzali to its board of directors for PharmAla Biotech Australia. Dr. Afzali brings a wealth of knowledge spanning nearly a decade in translational research, particularly in pharmacology and drug discovery. His extensive experience aligns well with PharmAla's goals in advancing MDMA-like molecules.
Dr. Afzali's Background
Having earned his PhD from The University of Sydney, Dr. Afzali's work has been instrumental in developing therapeutic strategies aimed at addressing various neuropsychiatric conditions. PharmAla's VP of Research, Dr. Harpreet Kaur, warmly welcomed Dr. Afzali, expecting his expertise to significantly bolster PharmAla’s research and development initiatives.
Future Prospects
Dr. Afzali’s appointment becomes effective in the near future, heralding a new chapter for PharmAla in the biotech space. With his extensive background and proven success in drug development, the company is poised to advance its objectives in creating innovative MDMA-based solutions.
About PharmAla Biotech Holdings Inc.
PharmAla is a distinguished biotechnology entity concentrating on the research and creation of MDXX class molecules, primarily MDMA. The organization was built on two crucial pillars: addressing the global deficiency of clinical-grade MDMA for trial and commercial use, and innovating new drugs within this category. This underlying ethos propels PharmAla to be a pioneer in providing clinical-grade MDMA for therapeutic purposes beyond trial settings.
Contacting PharmAla
For any inquiries or further information, the pathway to reach PharmAla is straightforward. Interested parties can get in touch with Nicholas Kadysh, the CEO, via the provided email or through the company’s dedicated website. PharmAla is enthusiastic about engaging with stakeholders interested in their innovative medicinal developments.
Frequently Asked Questions
What is PharmAla Biotech focused on?
PharmAla Biotech focuses on the research, development, and manufacturing of MDXX class molecules, including MDMA.
Who is the exclusive distributor for PharmAla in New Zealand?
Veridion Group has been appointed as the exclusive distributor for PharmAla’s LaNeo MDMA in New Zealand.
What recent approval influenced the partnership?
The approval of the first Authorized Prescriber for Psilocybin in New Zealand significantly influenced the clinicians' interest in MDMA treatments.
What role is Dr. Kiyan Afzali taking at PharmAla?
Dr. Kiyan Afzali has been appointed as a director for PharmAla Australia, bringing extensive experience in drug discovery and pharmacology.
How can one contact PharmAla for more information?
Individuals can contact PharmAla via the email of their CEO, Nicholas Kadysh, or through the company’s official website for inquiries.
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