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PHARMATHER HLDGS LTD - PHRRF STOCK NEWS

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PharmaTher Holdings Ltd. (OTCQB: PHRRF) is a biopharmaceutical company focused on the development and commercialization of KETARX™ (Ketamine) to address global unmet medical needs for anesthesia, sedation, pain, mental health, and neurological indications. The company also owns 49% of Sairiyo Therapeutics Inc., which is advancing the clinical development of an improved enteric-coated orally bioavailable formulation of cepharanthine (PD-001) for treating responsive cancers and infectious diseases, including COVID-19.

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PharmaTher Holdings Ltd. announced plans to engage with the FDA for a Phase 3 clinical study of KETARX™ (ketamine) aimed at treating levodopa-induced dyskinesia in Parkinson's disease. A recent Phase 1/2 study demonstrated that 100% of patients showed a reduction in dyskinesias, measuring a significant 51% reduction in symptoms at two weeks post-infusion. The company aims for FDA approval under the 505(b)(2) regulatory pathway, with market potential exceeding $3 billion in the U.S. alone as the global Parkinson's market is projected to grow to $7.5 billion by 2025.

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PharmaTher Holdings Ltd. (OTCQB: PHRRF) has entered an exclusive option agreement with Case Western Reserve University to develop ketamine for treating Rett Syndrome, a rare neurological disorder. This follows a Phase 2 clinical trial demonstrating ketamine's potential benefits. Currently, there are no approved treatments for Rett Syndrome, which impacts girls predominantly and leads to severe impairments. The agreement grants PharmaTher a 12-month evaluation period for CWRU’s intellectual property, with potential for future licensing negotiations.

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PharmaTher Holdings Ltd. has received a US patent for novel applications of ketamine aimed at treating Parkinson’s disease and motor disorders. Positive results from a Phase 1/2 clinical study showed that 100% of participants experienced a reduction in levodopa-induced dyskinesia, with a significant 51% reduction observed after the second infusion. The company plans to conduct a Phase 3 study to pursue FDA approval for KETARX™, its ketamine product, under the 505(b)(2) pathway. The growing market for Parkinson’s treatments is projected to reach $7.5 billion by 2025.

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PharmaTher Holdings Ltd. (OTCQB: PHRRF) reported a total of $12.12 million in cash and investments as of May 31, 2022, fully funding its ketamine-based development programs for mental health and pain disorders.

The company aims for FDA approval of its ketamine injection and infusion products by 2H-2023. Key milestones include results from a Phase 2 clinical trial for ALS and potential Phase 3 trials for Parkinson’s disease. The firm is also pursuing partnerships for its innovative delivery systems.

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PharmaTher Holdings Ltd. (OTCQB: PHRRF) shared results from a Phase 1/2 clinical study of ketamine for treating levodopa-induced dyskinesia in Parkinson's disease at the MDS International Congress. The study showed that 100% of participants experienced a reduction in dyskinesias, with UDysRS scores decreasing by 51% at infusion, 49% at three weeks, and 41% at three months. The company plans a Phase 3 study to seek FDA approval under the 505(b)(2) pathway. Additionally, a patent for ketamine's potential use in Parkinson's treatment has been allowed by the USPTO.

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PharmaTher Holdings Ltd. announced positive results from its IND-enabling pharmacokinetic study of the KETARX™ Ketamine Patch, demonstrating successful delivery of ketamine over 40 hours. The study, conducted under Good Laboratory Practice compliance, showed that the patch was well tolerated and allowed for increased dosage flexibility. PharmaTher plans to initiate phase 2 and 3 clinical studies by the end of Q4-2022 targeting mental health, PTSD, and pain management, following the FDA's 505(b)(2) regulatory pathway for approval.

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PharmaTher (OTCQB: PHRRF) announced a Notice of Allowance from the USPTO for its patent on ketamine's use in treating motor disorders, including Parkinson’s Disease. This patent enhances their intellectual property and commercial prospects. The company plans to advance to a Phase 3 clinical study following successful results from a dose-finding study for levodopa-induced dyskinesia, showing 100% efficacy in reducing dyskinesias. The global Parkinson’s market is projected to grow to $7.5 billion by 2025, presenting significant financial potential for PharmaTher's ketamine treatment.

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PharmaTher Holdings Ltd. has successfully completed a study on its patented microneedle patch, PHARMAPATCH™, for delivering ketamine and KETABET™. This breakthrough aims to mitigate side effects linked to traditional ketamine delivery methods. The patch showed promising results in animal studies, achieving sustained plasma concentrations of ketamine. The company plans to initiate Phase 2 clinical studies for treatment-resistant depression and chronic pain, and is currently preparing for upcoming GLP pre-clinical studies. PHARMAPATCH™ offers a de-risked, transdermal solution for patients.

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PharmaTher Holdings Ltd. announced positive findings from an observational study on KETABET™, a drug combining FDA-approved ketamine and betaine anhydrous. The study revealed a significant 66% reduction in side effects like depersonalization and derealization associated with ketamine treatment for depression. The company plans to launch a Phase 2 clinical study using KETABET™ integrated into a microneedle patch, aiming to improve treatment compliance for various mental health disorders. Patent protection for KETABET™ is secured in multiple countries, expiring in 2036.

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PharmaTher Holdings Ltd. (OTCQB: PHRRF) has partnered with CC Biotechnology Corporation to develop a wearable ketamine delivery device. This innovation aims to transition ketamine administration from traditional intravenous and intramuscular methods to a subcutaneous format, enhancing patient comfort and treatment adherence for mental health, neurological, and pain disorders. Clinical studies for the new device are expected to begin in Q1-2023. The partnership seeks to establish PharmaTher as a leader in specialty ketamine products, complementing its existing portfolio of injectable and microneedle patch solutions.

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FAQ

What is the current stock price of PHARMATHER HLDGS (PHRRF)?

The current stock price of PHARMATHER HLDGS (PHRRF) is $0.15495 as of December 24, 2024.

What is the market cap of PHARMATHER HLDGS (PHRRF)?

The market cap of PHARMATHER HLDGS (PHRRF) is approximately 14.6M.

What is PharmaTher Holdings Ltd. focused on?

PharmaTher Holdings Ltd. is focused on developing and commercializing KETARX™ (Ketamine) to address global unmet medical needs for anesthesia, sedation, pain, mental health, and neurological indications.

What is the subsidiary owned by PharmaTher Holdings Ltd.?

PharmaTher Holdings Ltd. owns 49% of Sairiyo Therapeutics Inc., which is advancing the clinical development of an improved enteric-coated orally bioavailable formulation of cepharanthine (PD-001) for treating responsive cancers and infectious diseases, including COVID-19.

What is the goal of PharmaTher Holdings Ltd.?

The overall goal of PharmaTher Holdings Ltd. is to solve the ketamine shortage problem in the U.S. and adhere to the FDA’s strict manufacturing guidelines and FDA-approved prescribing label.

Why is ketamine important?

Ketamine is an essential medicine used for anesthesia and pain relief, listed on the WHO Essential Medicines List. It is also being explored for various mental health, neurological, and pain disorders.

What does PD-001 address?

PD-001 is an improved enteric-coated orally bioavailable formulation of cepharanthine developed to treat responsive cancers and infectious diseases, including COVID-19.

What are the key initiatives of PharmaTher Holdings Ltd.?

PharmaTher Holdings Ltd. aims to obtain FDA approval for ketamine, pursue international approvals, and explore novel uses and delivery methods for ketamine.

What is the patent status of PD-001?

PD-001 is protected by US Patent US10576077, with a patent expiration date of March 23, 2036.

What is the clinical strategy for PD-001?

The clinical strategy for PD-001 involves conducting a first-in-human clinical study in Australia to capitalize on drug development incentives, followed by submitting an Investigational New Drug application to the FDA for clinical trials in the U.S.

What is the objective of Sairiyo Therapeutics Inc.?

Sairiyo Therapeutics Inc., owned by PharmaTher Holdings Ltd., focuses on advancing the clinical development of PD-001 for treating cancers and infectious diseases.

How can I contact PharmaTher Holdings Ltd. for more information?

For more information about PharmaTher, you can contact Fabio Chianelli, the Chief Executive Officer, at 1-888-846-3171 or via email at info@pharmather.com.

PHARMATHER HLDGS LTD

OTC:PHRRF

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14.61M
71.98M
18.68%
0.06%
Biotechnology
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United States of America
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