Adial Pharmaceuticals Lead Drug Candidate AD04 for Treatment of Alcohol Use Disorder Featured on Multiple Television News Outlets

Rhea-AI Summary

Adial Pharmaceuticals (ADIL) reports that its lead drug candidate, AD04, for treating Alcohol Use Disorder (AUD), has gained exposure on multiple television news programs. The coverage highlights the potential of AD04 to help individuals control cravings. The company is currently conducting a Phase 3 clinical trial for AD04, which previously demonstrated promising results in reducing drinking frequency and severity without significant safety concerns. This media attention is expected to raise awareness about AUD, especially during the holiday season.

Positive

• AD04 has shown promising Phase 2b trial results, significantly reducing drinking frequency and quantity.
• Media coverage may enhance public awareness and acceptance of AD04, potentially aiding its market performance.
• AD04's development includes a proprietary genetic test for identifying suitable candidates.

Negative

• The success of the Phase 3 clinical trial is uncertain, and risks are associated with regulatory approvals and market acceptance.
• Forward-looking statements highlight uncertainties regarding clinical trials and potential commercialization.

CHARLOTTESVILLE, VA / ACCESSWIRE / November 25, 2020 / Adial Pharmaceuticals, Inc. (NASDAQ: ADIL; ADILW), a clinical-stage biopharmaceutical company focused on the development of treatments for addictions, reports that its lead drug candidate, AD04, a therapeutic agent for the treatment of Alcohol Use Disorder (AUD) in persons with certain target genotypes related to the serotonin transporter and receptor genes, has been featured on multiple television news outlets.

One of these segments, entitled, "Pill may be able help those addicted to alcohol control cravings," aired on aired on dozens of local TV stations throughout the country: https://local12.com/health/medical-edge-reports/pill-may-be-able-help-those-addicted-to-alcohol-control-cravings-cincinnati.

"As we prepare for Thanksgiving, we are grateful the media is highlighting AD04 and raising awareness regarding the significant alcohol use problems our country is facing," commented William Stilley, CEO of Adial Pharmaceuticals. "My heartfelt wish is that everyone will be safe during the holiday celebrations."

About Adial Pharmaceuticals, Inc.

Adial Pharmaceuticals is a clinical-stage biopharmaceutical company focused on the development of treatments for addictions. The Company's lead investigational new drug product, AD04, is a genetically targeted therapeutic agent for the treatment of Alcohol Use Disorder (AUD) and is currently being investigated in a Phase 3 clinical for the potential treatment of AUD in subjects with certain target genotypes, which are to be identified using the Company's proprietary companion diagnostic genetic test. A Phase 2b clinical trial of AD04 for the treatment of AUD showed promising results in reducing frequency of drinking, quantity of drinking and heavy drinking (all with statistical significance), and no overt safety concerns (there were no statistically significant serious adverse events reported). AD04 is also believed to have the potential to treat other addictive disorders such as opioid use disorder, gambling, and obesity. www.adialpharma.com

Forward Looking Statements

This communication contains certain "forward-looking statements" within the meaning of the U.S. federal securities laws. Such statements are based upon various facts and derived utilizing numerous important assumptions and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans" and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. The forward-looking statements include statements regarding ADO4 being able help those addicted to alcohol control cravings and the potential of AD04 to treat other addictive disorders such as opioid use disorder, gambling, and obesity. Any forward-looking statements included herein reflect our current views, and they involve certain risks and uncertainties, including, among others, our ability to, our ability to enroll patients and complete clinical trials on time and achieve desired results and benefits as expected, our ability to obtain regulatory approvals for commercialization of product candidates or to comply with ongoing regulatory requirements, regulatory limitations relating to our ability to promote or commercialize our product candidates for specific indications, acceptance of its product candidates in the marketplace and the successful development, marketing or sale of products, our ability to maintain our license agreements, the continued maintenance and growth of our patent estate, our ability to establish and maintain collaborations, our ability to obtain or maintain the capital or grants necessary to fund its research and development activities, and our ability to retain our key employees or maintain our Nasdaq listing. These risks should not be construed as exhaustive and should be read together with the other cautionary statement included in our Annual Report on Form 10-K for the year ended December 31, 2019, subsequent Quarterly Reports on Form 10-Q and current reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.

Contact:

Crescendo Communications, LLC
David Waldman / Natalya Rudman
Tel: 212-671-1021
Email: adil@crescendo-ir.com

SOURCE: Adial Pharmaceuticals, Inc.

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FAQ

What is Adial Pharmaceuticals' lead drug candidate AD04?

AD04 is a drug developed by Adial Pharmaceuticals for treating Alcohol Use Disorder (AUD) in individuals with specific genetic profiles.

What recent news coverage has Adial Pharmaceuticals received?

AD04 has been featured on multiple television news outlets, raising awareness about its potential to help those struggling with alcohol addiction.

What is the current status of AD04's clinical trials?

AD04 is undergoing a Phase 3 clinical trial after promising results from a Phase 2b trial, which showed significant reductions in drinking behavior.

What are the potential other uses for AD04?

AD04 may also have applications in treating other addictive disorders, including opioid use disorder, gambling, and obesity.