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IGC Pharma, Inc. - IGC STOCK NEWS

Welcome to our dedicated page for IGC Pharma news (Ticker: IGC), a resource for investors and traders seeking the latest updates and insights on IGC Pharma stock.

IGC Pharma, Inc. (IGC) is at the forefront of developing innovative phytocannabinoid-based therapies aimed at treating a wide range of therapeutic indications. The company is involved in cutting-edge research to develop treatments for conditions such as neuropathic and cancer pain, epilepsy, and chronic neurological and oncological diagnoses, which can be life-altering or life-threatening. The mission of IGC Pharma is to alleviate pain, PTSD, seizures, cachexia, and other severe conditions through advanced cannabinoid-based formulations.

One of the primary focuses of IGC Pharma is to combat Alzheimer's disease. The company has developed two investigational drug assets, IGC-AD1 and TGR-63, that have shown potential in reducing key hallmarks of Alzheimer's, such as plaques and tangles, in cell line studies. IGC-AD1, a low-dose tetrahydrocannabinol-based formulation, is currently undergoing a Phase 2 clinical trial involving 146 participants to evaluate its efficacy in treating agitation in dementia due to Alzheimer's.

Beyond Alzheimer's treatment, IGC Pharma also addresses women's health through its wellness brand Holief, which provides relief for premenstrual syndrome and menstrual cramps. This diversified approach highlights the company’s commitment to improving quality of life across various patient demographics.

IGC Pharma's innovative research and development are complemented by strategic partnerships and a robust product portfolio, which collectively enhance its market presence and potential for growth.

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IGC Pharma, Inc (NYSE American: IGC) announced the addition of an important trial site at the University of Puerto Rico network as an expansion of the ongoing Phase 2 clinical trial investigating lead drug asset, IGC-AD1, as a treatment for lowering agitation in patients with Alzheimer’s disease. The trial will enroll 146 patients with the goal of evaluating the efficacy of IGC-AD1 in helping patients with Alzheimer’s dementia reduce neuropsychiatric symptoms such as agitation. The addition of the Puerto Rico site aims to increase population diversity and promote the inclusion of underrepresented populations.
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IGC Pharma secures $12 million revolving line of credit for Alzheimer's research. The line of credit will support IGC's working capital needs, with the ability to draw up to $1 million within 30 days. Bradbury Asset Management collateralized cash assets in support of the line of credit. IGC-AD1, a potential treatment for agitation in dementia due to Alzheimer's, is currently in Phase 2 clinical trials.
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IGC Pharma, Inc. (NYSE American:IGC) has announced its participation in the Planet MicroCap Showcase: VEGAS 2023, scheduled for April 26, 2023, at 4:30 PM PDT. CEO Ram Mukunda and CFO Claudia Grimaldi will present and engage in a Q&A session following the presentation.

Investors can access the live presentation via webcast here. Registration for 1x1 investor meetings at the event is available here. The showcase aims to enhance awareness about MicroCap investments.

IGC Pharma focuses on cannabinoid-based formulations for various medical conditions, including Alzheimer’s disease and PMS. The company is currently conducting a Phase 2 clinical trial for its drug IGC-AD1 targeting agitation in Alzheimer’s patients.

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FAQ

What is the current stock price of IGC Pharma (IGC)?

The current stock price of IGC Pharma (IGC) is $0.379 as of December 20, 2024.

What is the market cap of IGC Pharma (IGC)?

The market cap of IGC Pharma (IGC) is approximately 27.3M.

What is the main focus of IGC Pharma, Inc.?

IGC Pharma focuses on developing phytocannabinoid-based therapies for various severe conditions, including neuropathic pain, Alzheimer's disease, and chronic neurological diagnoses.

What are IGC Pharma's key investigational drug assets for Alzheimer's?

IGC Pharma's key investigational drugs for Alzheimer's are IGC-AD1 and TGR-63, which have shown promise in reducing Alzheimer's biomarkers in cell line studies.

What is the status of IGC-AD1?

IGC-AD1 is in a Phase 2 clinical trial with 146 participants, aimed at evaluating its efficacy in treating agitation in dementia due to Alzheimer's.

Does IGC Pharma have products targeting women's health?

Yes, IGC Pharma markets the Holief brand, which targets women experiencing premenstrual syndrome and menstrual cramps.

What conditions does IGC Pharma aim to treat with its therapies?

IGC Pharma aims to treat conditions such as pain, PTSD, seizures, cachexia, Alzheimer's disease, and other chronic and terminal neurological and oncological diagnoses.

How does IGC Pharma contribute to Alzheimer's research?

IGC Pharma contributes through its development of IGC-AD1 and TGR-63, which target key hallmarks of Alzheimer's disease, such as plaques and tangles.

What is the mission of IGC Pharma?

The mission of IGC Pharma is to treat severe and life-altering conditions using advanced cannabinoid-based formulations.

What is the significance of IGC's research on neuropathic and cancer pain?

IGC's research aims to provide effective phytocannabinoid-based therapies for managing neuropathic and cancer pain, improving patient quality of life.

Does IGC Pharma have any products in the wellness market?

Yes, IGC Pharma's wellness brand Holief targets women suffering from premenstrual syndrome and menstrual cramps.

What makes IGC Pharma unique in the biotech industry?

IGC Pharma's unique approach lies in its focus on phytocannabinoid-based therapies, targeting a wide range of severe conditions, and its diverse product portfolio including wellness products.

IGC Pharma, Inc.

NYSE:IGC

IGC Rankings

IGC Stock Data

27.33M
71.46M
7.92%
22%
1.62%
Biotechnology
Pharmaceutical Preparations
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United States of America
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