FSD Pharma Enters Into an Exclusive Option Agreement With the University of Southern California To Evaluate Novel Dietary Supplement Technology for unbuzzd(TM) and Other Business Applications
FSD Pharma (NASDAQ:HUGE) announced an exclusive option agreement with the University of Southern California (USC) to evaluate a novel dietary supplement technology. Signed on June 11, 2024, the agreement grants FSD Pharma a 6-month term to assess the technology, with an option to extend for an additional 6 months or obtain an exclusive license. The technology aims to enhance ingredients in unbuzzd™, a blend designed to accelerate alcohol metabolism, improve recovery from alcohol consumption, and boost mental alertness. FSD Pharma plans to launch unbuzzd™ this summer through a partnership with Celly Nutrition, led by industry veterans from Celsius Holdings and The Coca-Cola Company.
- Exclusive option agreement with USC may lead to exclusive licensing, providing a competitive edge.
- Potential enhancement of unbuzzd™ can increase product efficacy and market appeal.
- Partnership with industry leaders from Celsius Holdings and Coca-Cola for unbuzzd™ launch could boost credibility and market penetration.
- Option to extend the evaluation period by 6 months provides flexibility in decision-making.
- The technology is still under evaluation, which poses uncertainty about its effectiveness and commercial viability.
- The initial 6-month evaluation period may delay immediate revenue generation from this technology.
- Entering into an exclusive licensing agreement entails financial commitments and risks.
Insights
The exclusive option agreement between FSD Pharma and the University of Southern California (USC) can be seen as a strategic move aimed at diversifying their product portfolio. The deal, allowing FSD to evaluate and potentially license new dietary supplement technology, indicates an intent to innovate within the supplement market, particularly with unbuzzd™.
The decision to partner with industry veterans from Celsius Holdings and Coca-Cola signals a serious commitment to market penetration. However, it’s important to note that this development is still in the evaluation stage and the financial impact will hinge on the outcomes of this period. Short-term, this news might not affect the stock price significantly due to the speculative nature of the agreement. Long-term, securing a successful product launch could result in increased revenues and market share.
A retail investor should watch for updates on the technology’s performance and any further agreements or licenses post-evaluation. Additionally, the potential extension or transition to a licensing agreement after six months could be a important indicator of the deal’s success.
Rating: Neutral (0)
Evaluating the potential market for unbuzzd™ and similar dietary supplements is crucial. The partnership with highly experienced leaders in the beverage industry suggests a strong market entry strategy. The product unbuzzd™, designed to expedite alcohol metabolism and enhance mental alertness, taps into a growing market of health-conscious consumers and the wellness industry’s focus on recovery and cognitive function.
However, the competitive landscape for dietary supplements is crowded. Success will depend on effective marketing, consumer trust and scientific validation. The involvement of USC adds credibility, but consumer adoption will hinge on perceived efficacy and safety. Investors should also consider the regulatory environment, as dietary supplements can be subject to scrutiny by bodies like the FDA.
In the short term, investor sentiment might not shift dramatically due to the evaluation phase. Long-term success relies on a successful product launch and strong market reception. Monitoring marketing campaigns and initial sales figures post-launch will be essential for gauging the investment's potential.
Rating: Neutral (0)
From a medical perspective, the effectiveness of unbuzzd™ hinges on the scientific rigor behind it. The collaboration with USC suggests a foundation in research; however, specific clinical data supporting the claims of expedited alcohol metabolism and enhanced mental alertness would be pivotal. Investors should seek peer-reviewed studies or clinical trials that substantiate the product’s efficacy.
In the supplement industry, products often face skepticism unless backed by solid scientific evidence. Therefore, any published data or ongoing studies during the evaluation period could significantly influence market perception and credibility. Potential benefits include catering to a market of individuals seeking to mitigate the aftereffects of alcohol consumption, which is a substantial demographic.
It is also essential to monitor any adverse events or negative feedback post-launch, as these could impact product viability and company reputation.
Rating: Neutral (0)
TORONTO, ON / ACCESSWIRE / June 13, 2024 / FSD Pharma Inc. (NASDAQ:HUGE)(CSE:HUGE)(FRA:0K9A) ("FSD Pharma"), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions to address ailments affecting millions worldwide, today announces that it entered into an exclusive option agreement with the University of Southern California (USC) to evaluate dietary supplement technology for commercialization. The option agreement, signed June 11, 2024, allows FSD Pharma to exclusively evaluate the novel technology for a 6-month term. At the end of this term, FSD Pharma will have the option to either extend it for an additional 6 months or to sign an exclusive license for the technology with USC. This novel technology is being evaluated for the potential to further increase the effectiveness of certain ingredients currently present in unbuzzd™. unbuzzd™ is a scientifically formulated blend of vitamins, minerals, and herbs engineered to expedite alcohol metabolism, facilitate faster recovery from alcohol consumption, and simultaneously enhance mental alertness to those individuals who consume it. FSD Pharma has partnered with Celly Nutrition, being led by beverage industry leaders Gerry David formerly CEO of Celsius Holdings, Inc. and John Duffy formerly of The Coca-Cola Company, to launch unbuzzd™ this summer.
"This partnership with FSD Pharma underscores USC's longstanding commitment to fostering innovation and translating scientific research into practical solutions that benefit society," said Dr. Erin Overstreet, executive director at the USC Stevens Center for Innovation. "We are excited to be working with FSD Pharma, leveraging their expertise in the biopharmaceutical industry, exploring the potential of this novel technology, and enhancing the portfolio of dietary supplement products. Together, we aim to bring forward new advancements that contribute to positive health and well-being for all."
"We are thrilled to sign the option agreement with USC. We are looking forward to evaluating this novel technology that has the potential to both further enhance the effectiveness of unbuzzd™ and increase our target markets by enabling the development of new products," said Zeeshan Saeed, Founder, CEO and Executive Co-Chairman at FSD Pharma.
About FSD Pharma
FSD Pharma is a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions for the treatment of challenging neurodegenerative and metabolic disorders and alcohol misuse disorders with drug candidates in different stages of development. Through its wholly owned subsidiary, Lucid Psycheceuticals Inc. ("Lucid"), FSD is focused on the research and development of its lead compound, Lucid-MS (formerly Lucid-21-302) ("Lucid-MS"). Lucid-MS is a patented new chemical entity shown to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis, in preclinical models. FSD Pharma invented unbuzzd™ and spun it out its OTC version to a company, Celly Nutrition, led by industry veterans. FSD retains ownership of
About the USC Stevens Center for Innovation
As the technology transfer office for the University of Southern California, the Stevens Center for Innovation serves as a university-wide resource that works to move and maximize the discoveries of USC researchers from the lab to the marketplace. The Stevens Center manages a broad portfolio of university-owned intellectual property stemming from more than
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "plans", "expects", "expected", "scheduled", "estimates", "intends", "anticipates", "hopes", "planned" or "believes", or variations of such words and phrases, or states that certain actions, events or results "may", "could", "would", "might", "potentially" or "will" be taken, occur or be achieved. More particularly, and without limitation, this press release contains forward-looking statements contained in this press release include statements concerning the future of FSD Pharma and are based on certain assumptions that FSD Pharma has made in respect thereof as of the date of this press release, including those relating to Celly Nu and its launch of unbuzzd™; benefits, claims, and timelines with respect to unbuzzd™; details of the partnerships of Celly Nu, including the stated benefits of the BevSource partnership; the Company's business and goals, including the continued research and development of Lucid-MS, unbuzzd™, novel formulations for alcohol misuse disorders, and treatments for use in the healthcare sector; and the continued maintenance of its strategic investment portfolio. FSD Pharma cannot give any assurance that such forward-looking statements will prove to have been correct.
Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. The Company cautions that although it believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct and these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements, of which assumptions include: the Company will satisfy all applicable listing and regulatory requirements of the CSE and Nasdaq; the fact that the drug development efforts of the Company and Lucid are at a very early stage; the fact that preclinical drug development is uncertain, and the drug product candidates of the Company and Lucid may never advance to clinical trials; the fact that results of preclinical studies and early-stage clinical trials may not be predictive of the results of later stage clinical trials; the uncertain outcome, cost, and timing of product development activities, preclinical studies and clinical trials of the Company and Lucid; the uncertain clinical development process, including the risk that clinical trials may not have an effective design or generate positive results; the potential inability to obtain or maintain regulatory approval of the drug product candidates of the Company and Lucid; the introduction of competing drugs that are safer, more effective or less expensive than, or otherwise superior to, the drug product candidates of the Company and Lucid; the initiation, conduct, and completion of preclinical studies and clinical trials may be delayed, adversely affected or impacted by unforeseen issues; the potential inability to obtain adequate financing; the potential inability to obtain or maintain intellectual property protection for the drug product candidates of the Company and Lucid; the Company's inability to benefit from Celly Nu and its launch of unbuzzd™; the Company's inability to realize upon the benefits, claims, and timelines with respect to unbuzzd™; the Company's inability to realize upon the stated benefit from the partnerships of Celly Nu; the Company's inability to carryout its business and goals, including the continued research and development of Lucid-MS, unbuzzd™, novel formulations for alcohol misuse disorders, and treatments for use in the healthcare sector; and the Company's inability to maintain its strategic investment portfolio. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this press release, which speak only as of the date of this press release.
These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including, but not limited to: the timing and ability to satisfy all applicable listing and regulatory requirements of the CSE and Nasdaq; the fact that the drug development efforts of the Company and Lucid are at a very early stage; the fact that preclinical drug development is uncertain, and the drug product candidates of the Company and Lucid may never advance to clinical trials; the fact that results of preclinical studies and early-stage clinical trials may not be predictive of the results of later stage clinical trials; the uncertain outcome, cost, and timing of product development activities, preclinical studies and clinical trials of the Company and Lucid; the uncertain clinical development process, including the risk that clinical trials may not have an effective design or generate positive results; the potential inability to obtain or maintain regulatory approval of the drug product candidates of the Company and Lucid; the introduction of competing drugs that are safer, more effective or less expensive than, or otherwise superior to, the drug product candidates of the Company and Lucid; the initiation, conduct, and completion of preclinical studies and clinical trials may be delayed, adversely affected or impacted by unforeseen issues; the potential inability to obtain adequate financing; the potential inability to obtain or maintain intellectual property protection for the drug product candidates of the Company and Lucid; the Company's inability to benefit from Celly Nu and its launch of unbuzzd™; the Company's inability to realize upon the benefits, claims, and timelines with respect to unbuzzd™; the Company's inability to realize upon the stated benefit from the partnerships of Celly Nu; the Company's inability to carryout its business and goals, including the continued research and development of Lucid-MS, unbuzzd™, novel formulations for alcohol misuse disorders, and treatments for use in the healthcare sector; and the Company's inability to maintain its strategic investment portfolio. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this press release, which speak only as of the date of this press release.
Further information regarding factors that may cause actual results to differ materially are included in the Company's annual and other reports filed from time to time with the Canadian Securities Administrators on SEDAR+ (www.sedarplus.ca) and with the SEC on EDGAR (www.sec.gov), including the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2023, the Prospectus and Registration Statement, each under the heading "Risk Factors". This list of risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. The forward-looking statements contained in this document speak only as of the date of this document. FSD Pharma does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
The Company makes no medical, treatment or health benefit claims about unbuzzd™. The U.S. Food and Drug Administration, Health Canada or other similar regulatory authorities have not evaluated any claims regarding unbuzzd™. The efficacy of such products have not been confirmed by approved research. Rigorous scientific research and clinical trials are needed. No clinical trials for the use of the Company's proposed products have been conducted. Any references to quality, consistency, efficacy and safety of potential products do not imply that the Company verified such in clinical trials or that the Company will complete such trials.
Neither the CSE nor its regulation services provider accept responsibility for the adequacy or accuracy of this release.
Contacts:
FSD Pharma Inc.
Zeeshan Saeed, Founder, CEO and Executive Co-Chairman of the Board, FSD Pharma Inc.
Email: Zsaeed@fsdpharma.com
Telephone: (416) 854-8884
Investor Relations
Email: ir@fsdpharma.com, info@fsdpharma.com
Website: www.fsdpharma.com
University of Southern California
Tran Courtney
Email: trancour@usc.edu
SOURCE: FSD Pharma Inc.
View the original press release on accesswire.com
FAQ
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