IGC Pharma, Inc. - IGC STOCK NEWS

India Globalization Capital (IGC) announced positive results from its Phase 1 clinical trial for IGC-AD1, a cannabinoid-based drug for Alzheimer's disease. The primary endpoint focused on safety and tolerability was successfully met, with minimal adverse events reported. The trial involved 36 elderly patients who showed no serious safety concerns. The company plans to advance the trial to assess efficacy, pending FDA approval. IGC aims to improve the quality of life for Alzheimer's patients through further testing of IGC-AD1.

India Globalization Capital, Inc. (IGC) has announced preliminary results from its Phase 1 clinical trial for IGC-AD1, a cannabis-based drug candidate for Alzheimer’s disease. Key insights into pharmacokinetics and genotyping have been obtained, crucial for determining optimal dosing in future trials pending FDA approval. The trial showed mean T_max values of 2.15 hours for THC and 1.9 hours for OH-THC, and mean T_1/2 values of 3.60 hours for THC and 3.30 hours for OH-THC, suggesting safe dosing frequencies. Further trials are planned to establish the drug's safety and efficacy.

India Globalization Capital, Inc. (IGC) announced preliminary positive findings from its Phase 1 clinical trial for IGC-AD1, a THC-based drug aimed at treating Alzheimer’s symptoms. The trial highlighted significant decreases in anxiety (50-60%) and agitation (35-60%) among participants. The results were shared in a Clinical/Statistical Report filed with the FDA. IGC plans to expand the study with a placebo-controlled trial pending FDA approval. Alzheimer's affects 50 million globally, with no approved medications for symptom relief, underscoring the potential impact of IGC-AD1.

India Globalization Capital, Inc. (NYSE American: IGC) reported financial results for Q2 of fiscal 2022, ending September 30, 2021. Revenue declined to approximately $56,000 from $125,000 in the same quarter last year, with Infrastructure segment revenue at $3,000 down from $67,000. SG&A expenses surged to about $4.1 million due to inventory theft and legal costs. R&D expenses increased slightly to $276,000 and the net loss widened to approximately $4.3 million or ($0.08) per share. The company is progressing with the Phase 1 trial of its THC-based drug IGC-AD1 for Alzheimer’s, expecting future FDA submissions.

India Globalization Capital, Inc. (IGC) held its Annual Meeting of Shareholders on October 15, 2021, where all voting matters in the Definitive Proxy filed with the SEC were approved.

Key approvals included:

• Election of Richard Prins to the board until 2024.
• Ratification of Manohar Chowdhry & Associates as the independent accounting firm for fiscal year 2022.
• Granting 3,500,000 shares to employees and consultants based on performance metrics.
• Proposal to adjourn the meeting if necessary to solicit more proxy votes.

India Globalization Capital (IGC) has completed its Phase 1 clinical trial of IGC-AD1, a cannabis-based investigational drug for Alzheimer’s disease. The trial involved 12 participants, primarily elderly individuals with mild to moderate Alzheimer’s. Results indicate that IGC-AD1 was safe and well-tolerated. Secondary endpoints have also been completed, but results are yet to be disclosed. IGC plans to seek FDA concurrence on these findings and aims for future trials to support potential relief for the projected 50 million Alzheimer’s patients worldwide by 2030.

India Globalization Capital, Inc. (IGC) reported financial results for Q2 2021, revealing revenues of approximately $77,000, down from $584,000 in Q2 2020. The decline is attributed to COVID-19's impact, particularly in its Infrastructure segment. Notably, IGC received a patent for its Alzheimer’s treatment, IGC-AD1, and completed its Phase 1 clinical trial. R&D expenses rose to about $444,000 due to the trial, while the company recorded a net loss of $1.8 million, slightly improved from $1.9 million a year earlier. Liquidity remains adequate for upcoming efficacy trials.

India Globalization Capital (IGC) announced the issuance of a patent (#11,065,225) by the USPTO for the treatment of Alzheimer’s disease using an ultra-low dose of THC. The patent stems from research initiated by the University of South Florida and was licensed exclusively to IGC in 2017. IGC's proprietary formulation, IGC-AD1, is currently undergoing Phase 1 clinical trials to assess its safety and tolerability. The release also highlights potential risks and uncertainties related to commercialization and FDA approval.

India Globalization Capital (IGC) has successfully completed Cohort 3 of its Phase 1 clinical trial for IGC-AD1, a THC-based drug targeting Alzheimer’s disease. FDA approval was granted on July 30, 2020, for trials involving patients suffering from mild to severe Alzheimer's. The trial monitored various adverse events, including somnolence and hypotension, while emphasizing the potential relief for the 50 million people affected by Alzheimer’s by 2030. IGC aims to report findings from all cohorts to the FDA following the Data and Safety Monitoring Committee’s review.