Halberd's Traumatic Brain Injury Treatment Projects Align with New U.S. House Bill
Halberd 's two active programs for traumatic brain injury treatment align with the new U.S. House bill aiming to reduce veteran suicide. The company's patented drug LDN+ and nasal spray show promise in treating PTSD, suicide ideation, and addiction. The bill, named after two Marines lost to suicide, aims to provide mental health support for transitioning veterans.
Halberd 's alignment with the new U.S. House bill showcases its commitment to addressing traumatic brain injuries and veteran mental health.
The successful conclusion of Phase 1 animal testing for the patented nasal spray demonstrates progress in developing effective treatments for PTSD and suicide ideation.
The bill moving on to the Senate for consideration poses a risk of potential delays or changes that may impact Halberd 's future plans.
Although the study of Halberd's drug LDN+ shows promise, further research and approvals may be required before commercialization, posing financial and time risks.
Daniel J. Harvey and Adam Lambert Improving Servicemember Transition to Reduce Veteran Suicide Act, passed the U.S. House unanimously.
JACKSON CENTER, PA / ACCESSWIRE / May 9, 2024 / Halberd Corporation's (OTC PINK:HALB) two active programs for the treatment and mitigation of the negative effects of traumatic brain injury (TBI) align well with the newly passed bill in the U. S. House of Representatives. Advocated by Mark Darrah of Athena GTX and Halberd Corporation with the sponsor, Rep. Zach Nunn of Iowa, the bill, the Daniel J. Harvey and Adam Lambert Improving Servicemember Transition to Reduce Veteran Suicide Act", passed the House unanimously.
The bill is named for Daniel J. Harvey and Adam Lambert, two Marines tragically lost to suicide. The legislation will ensure every veteran has access to the life-saving mental health support they need as they transition to civilian life after their tour of duty. One life lost to suicide is one too many. The bill now moves on to the Senate for consideration.
A recently initiated study of Halberd's patented drug, LDN+, involves pre-pilot studies with military veterans to evaluate the drug's safety and its effectiveness in treating pain and anxiety associated with PTSD, Suicide Ideation and chemical/alcohol addiction.
As previously reported relative to PTSD/suicide treatment and prevention, Halberd's patent-pending nasal spray is uniquely designed to mitigate the cascade of inflammatory neurotransmitters which can lead to PTSD and suicide ideation. The nasal spray recently successfully concluded Phase 1 animal testing at Mississippi State University.
Both Halberd products are being proposed to the military for future consideration in light of the passage of this important House bill.
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About Halberd Corporation
Halberd Corporation (OTC PINK:HALB), a publicly traded entity on the OTC Market, adheres fully to OTC Market reporting regulations. Following its restructuring in April 2020, Halberd secured exclusive global rights to three granted patents and submitted 22 associated provisional, PCT, or utility patent applications. This strategic move aims to augment the company's value for stockholders and generate interest from potential development partners.
Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). The Company cautions our readers that statements, and assumptions made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time the statements are made. These statements may address issues that involve significant risks, uncertainties and associated estimates made by management. Actual results could differ materially from current projections or implied results. Halberd Corporation undertakes no obligation to revise these statements following the date of this news release.
(C) 2024, Halberd Corporation
SOURCE: Halberd Corporation
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