PharmAla Expands Footprint with New Distribution Agreement

PharmAla Biotech's Exciting Distribution Partnership

PharmAla Biotech Holdings Inc. (“PharmAla” or the “Company”) (CSE: MDMA) (OTC:MDXXF) is a prominent biotechnology company focusing on novel MDXX class molecules, including its flagship product, LaNeo™ MDMA. The company has exciting news to share regarding its recent decision to partner with Duchefa Farma B.V., a reputable distributor based in Haarlem, Netherlands, to exclusively distribute its LaNeo MDMA in one of the most progressive healthcare environments in Europe.

Welcoming Duchefa Farma to the Team

Duchefa Farma, led by Marten Teves, has made significant strides in supporting the healthcare needs in the Netherlands. Teves expressed the confidence felt towards PharmAla, highlighting their exceptional manufacturing capabilities. “We believe that PharmAla is the most diligent and reputable manufacturer of pharmaceutical MDMA in the world,” he stated. This partnership signifies a mutual commitment to improving patient care by facilitating access to MDMA for therapeutic use.

Understanding the Distribution Agreement

The newly signed distribution agreement between PharmAla and Duchefa signifies a strategic alignment of goals. The contract entails an annual purchase minimum that must be met and incorporates restrictions on re-exportation and implementation of price controls. More notably, there is an escalator provision designed to increase minimum purchase commitments based on forthcoming regulatory shifts that may pivot MDMA into mainstream healthcare in the Netherlands.

Future Prospects for MDMA in Healthcare

As part of this collaboration, Duchefa will serve as the Importer of Record and will also provide Qualified Person (“QP”) Release for PharmAla’s products. This QP release is crucial within EU regulations before any product is used commercially or in clinical trials. “This deal will open significant new opportunities for both Duchefa and PharmAla,” remarked Nick Kadysh, the CEO of PharmAla. He added that with this collaboration, they are prepared to cater to the growing demand for clinical trial materials within the region.

MDMA's Role in Addressing Mental Health

Amid increasing acknowledgment of the benefits of MDMA-Assisted Therapy, this partnership looks to support the growing interest from healthcare systems in adopting innovative treatments for PTSD and other conditions. By enhancing the availability of clinical-grade MDMA, PharmAla aims to ensure that patients in need have reliable access to effective treatment options.

PharmAla's Commitment to Research and Development

Founded with a dual vision, PharmAla focuses not just on alleviating the global shortage of clinical-grade MDMA but also on developing novel drugs within the same class. The company is recognized for its innovative approach and robust relationship with regulatory bodies, which is essential for ensuring the success of future initiatives. PharmAla is particularly noted for provisioning clinical-grade MDMA for patient treatments beyond clinical trials, which positions it uniquely in the biotech sector.

Innovative Drug Development

PharmAla has made significant strides in research and development, completing proof-of-concept studies on several proprietary IP families. With ALA-002 as the leading candidate, PharmAla is well-equipped to contribute to the evolution of therapeutic options available in medicine. This focus on strong pharmaceutical practices ensures that they remain at the forefront of the industry.

Contact Information for Additional Insights

If you're interested in learning more about PharmAla and their groundbreaking initiatives, please feel free to reach out to Nicholas Kadysh, Chief Executive Officer. You can contact him via email at press@PharmAla.ca or call 1-855-444-6362. For more information, visit www.PharmAla.ca.

Frequently Asked Questions

What is PharmAla Biotech Holdings Inc.?

PharmAla Biotech Holdings Inc. is a biotechnology company specializing in the research, development, and manufacturing of MDXX class molecules, including clinical-grade MDMA.

Who is Duchefa Farma?

Duchefa Farma B.V. is a distribution company based in Haarlem, Netherlands, that specializes in providing pharmaceutical products and has partnered with PharmAla to distribute LaNeo MDMA.

What does the distribution agreement entail?

The agreement includes minimum purchase requirements, re-export restrictions, and provisions for escalation to increase purchase volumes in line with future regulatory updates.

How does this partnership impact patient care?

This partnership aims to improve access to MDMA for therapeutic use in the Dutch healthcare system, specifically targeting conditions like PTSD.

How can I contact PharmAla?

You can contact PharmAla’s CEO, Nicholas Kadysh, via email at press@PharmAla.ca or visit their website at www.PharmAla.ca for more information.

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