PharmAla Expands Clinical Research Reach with Australian Subsidiary
PharmAla Biotech's New Chapter in Australia
PharmAla Biotech Holdings Inc. (“PharmAla” or the “Company”) (CSE: MDMA) (OTC:MDXXF), a forward-thinking biotechnology company, has embarked on an exciting journey by incorporating PharmAla Biotech Australia Pty Ltd. This new Australian entity aims to spearhead research and development activities, tapping into a vibrant biotech landscape.
CEO Nick Kadysh expressed confidence in this venture, acknowledging Australia's status as a burgeoning market for biotech innovation. He highlights that the Company's deep understanding of the local market, built through established relationships and invaluable experience, will facilitate significant synergies and drive growth.
Leveraging ALA-002 and Patents
PharmAla Australia is set to receive a comprehensive and perpetual license for the company’s ALA-002 asset along with all associated patents. This strategic move enables PharmAla Australia to execute both manufacturing development and crucial clinical research within the realm of their innovative drug pipeline.
CFO Will Avery further elaborated, stating, “Australia offers a robust pool of clinical research expertise and a favorable regulatory environment, which positions us ideally for launching clinical trials. Our new subsidiary is poised to leverage these benefits, tapping into a growing community of biotech financiers and supportive government incentives.”
Welcoming Dr. Evan Lewis to the Advisory Board
In a bid to bolster its scientific leadership, PharmAla has appointed Dr. Evan Lewis to its Scientific Advisory Board. Dr. Lewis, a distinguished adult and pediatric neurologist, brings a wealth of knowledge and expertise to the Company.
His experience includes serving as an Adjunct Assistant Professor at the University of Toronto and leading the Neurology Centre of Toronto. Dr. Lewis's prominent roles at Numinus, where he enhanced the research of medical cannabis and fostered the development of Ketamine-Assisted Therapy, underline his dedication to advancing clinical care.
A Commitment to Responsible Development
PharmAla Biotech Holdings Inc. is committed to alleviating the global demand for clinical-grade MDMA while ensuring regulatory compliance and safety. PharmAla stands out as the only company currently providing clinical-grade MDMA for patient treatment beyond clinical trials. The organization embodies a “regulatory first” ethos, recognizing the importance of strong collaborations with regulatory bodies in realizing true success within the psychedelics industry.
As part of ongoing research initiatives, PharmAla’s R&D unit has completed proof-of-concept studies on multiple intellectual property families, with a focus on ALA-002, a key drug candidate with immense potential in the current clinical landscape.
Contact Information for Insights
For additional details about PharmAla and its innovative projects, interested parties can reach out to:
Nicholas Kadysh
Chief Executive Officer
PharmAla Biotech Holdings Inc.
Email: press@PharmAla.ca
Phone: 1-855-444-6362
Website: www.PharmAla.ca
Frequently Asked Questions
What is PharmAla's focus in biotechnology?
PharmAla focuses on the research, development, and manufacturing of MDXX class molecules including clinical-grade MDMA.
Why did PharmAla establish a presence in Australia?
Australia offers a thriving biotech environment with strong expertise and a favorable regulatory framework for clinical trials.
What is ALA-002?
ALA-002 is PharmAla's lead drug candidate that is now licensed to its subsidiary in Australia for further development.
Who is Dr. Evan Lewis?
Dr. Lewis is an accomplished neurologist with a specialization in epilepsy, now advising PharmAla in its scientific initiatives.
How can I learn more about PharmAla's projects?
For inquiries about PharmAla's work and innovations, prospective clients can contact the CEO or visit the official website.
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