STOCK TITAN

Pasithea Therapeutics Corp. - KTTA STOCK NEWS

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

Pasithea Therapeutics Corp. (symbol: KTTA) is a forward-thinking biotechnology company dedicated to the discovery, research, and development of innovative treatments for central nervous system (CNS) disorders and other diseases, including RASopathies. By leveraging advancements in the fields of neuroscience, translational medicine, and drug development, Pasithea Therapeutics aims to address unmet medical needs and improve patient outcomes.

The company's robust pipeline includes promising treatments for Neurofibromatosis Type 1, Amyotrophic Lateral Sclerosis (ALS), Multiple Sclerosis (MS), and Schizophrenia. These conditions represent significant therapeutic challenges, and Pasithea Therapeutics is committed to advancing research to bring effective solutions to market.

Recent achievements highlight the company's progress in translating scientific discoveries into potential therapeutic applications. Notably, initial safety, tolerability, and biomarker data are expected to be reported in the second half of 2024. This milestone will be crucial in validating the efficacy of their treatments and guiding future development.

As a driver of innovation in biotechnology, Pasithea Therapeutics collaborates with leading researchers, healthcare providers, and institutions to enhance its research capabilities and expedite the drug development process. Strategic partnerships play a pivotal role in the company's ability to stay at the forefront of scientific advancements and bring new therapies to patients in need.

The financial condition of Pasithea Therapeutics is underscored by its commitment to transparency and robust corporate governance. The company continuously strives to maintain a solid financial foundation to support its research and development activities.

Stay updated with the latest news and developments from Pasithea Therapeutics by checking their regular press releases and corporate communications. For more information, please contact Patrick Gaynes, Corporate Communications, at pgaynes@pasithea.com.

Rhea-AI Summary
Pasithea Therapeutics Corp. (NASDAQ: KTTA) announced a publication in the Proceedings of the National Academy of Sciences related to its PAS-003 drug discovery program targeting α5/β1 integrin for the treatment of amyotrophic lateral sclerosis (ALS). The study reveals increased integrin expression in ALS patient tissues, specificity of α5 integrin in ALS, and the efficacy of a monoclonal antibody against α5 integrin in improving survival and motor function in the SOD1G93A mouse model of ALS.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
none
-
Rhea-AI Summary
Pasithea Therapeutics Corp. announces a $4.0 million tender offer to repurchase up to 5.7 million shares of its common stock at $0.70 per share. The offer is expected to close in Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25.9%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25.9%
Tags
none
Rhea-AI Summary
Pasithea Therapeutics Corp. confirms that its Board of Directors has formed a special committee to evaluate an unsolicited proposal from Lucy Scientific Discovery Inc. to acquire all outstanding shares of Pasithea common stock. The committee is actively evaluating the proposal.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
Tags
management
-
Rhea-AI Summary
Pasithea Therapeutics Corp. has completed manufacturing of GMP-compliant Phase 1 clinical supplies of its lead product candidate PAS-004, a next-generation macrocyclic MEK Inhibitor. The company expects to file an IND application with the FDA in the second half of 2023 and plans to initiate a Phase 1 clinical trial by the end of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.11%
Tags
none
-
Rhea-AI Summary
Pasithea Therapeutics Corp. has received an unsolicited proposal from Lucy Scientific Discovery Inc. to acquire all outstanding shares of Pasithea common stock. The proposal includes $0.60 in cash plus $0.25 worth of Lucy common stock per share. Pasithea's Board of Directors will review and evaluate the proposal to determine the best course of action.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Pasithea Therapeutics Corp. to participate in EF Hutton Global Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.89%
Tags
conferences
-
Rhea-AI Summary

Pasithea Therapeutics Corp. (KTTA) announced that Prof. Lawrence Steinman will deliver a keynote address at the AAAS Annual Meeting on March 4, 2023. Prof. Steinman's research linking the Epstein-Barr virus to multiple sclerosis (MS) was recognized as a runner-up for the 2022 Science Magazine Breakthrough of the Year.

The company's PAS-002 program aims to develop a DNA plasmid vaccine targeting GlialCAM, a protein implicated in MS, providing potential treatment avenues for this chronic autoimmune disease affecting 2.8 million worldwide.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
Tags
none
Rhea-AI Summary

Pasithea Therapeutics Corp. announced that Lawrence Steinman, Chairman, will deliver a significant lecture at the ACTRIMS Forum in San Diego on February 23, 2023. The event, themed “MS: Going Viral,” focuses on the role of the Epstein-Barr virus in Multiple Sclerosis (MS), which relates to the Company's PAS-002 drug discovery program. PAS-002 aims to create an engineered DNA plasmid vaccine targeting GlialCAM, a protein implicated in MS. MS affects 2.8 million people globally, with relapsing remitting MS being the most common type. Steinman's research was recognized as a runner-up for Science Magazine’s 2022 Breakthrough of the Year.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.66%
Tags
none

FAQ

What is the current stock price of Pasithea Therapeutics (ktta)?

The current stock price of Pasithea Therapeutics (ktta) is $3.8 as of November 1, 2024.

What is the market cap of Pasithea Therapeutics (ktta)?

The market cap of Pasithea Therapeutics (ktta) is approximately 3.9M.

What does Pasithea Therapeutics Corp. specialize in?

Pasithea Therapeutics Corp. specializes in the discovery, research, and development of treatments for central nervous system (CNS) disorders and RASopathies.

What diseases are included in Pasithea Therapeutics' pipeline?

The pipeline includes treatments for Neurofibromatosis Type 1, Amyotrophic Lateral Sclerosis (ALS), Multiple Sclerosis (MS), and Schizophrenia.

When is the initial safety and biomarker data expected to be reported?

The initial safety, tolerability, and biomarker data are expected to be reported in the second half of 2024.

Who can be contacted for more information about Pasithea Therapeutics?

For more information, you can contact Patrick Gaynes, Corporate Communications, at pgaynes@pasithea.com.

How does Pasithea Therapeutics advance its research?

Pasithea Therapeutics advances its research through collaborations with leading researchers, healthcare providers, and institutions, focusing on innovation in neuroscience and translational medicine.

What is the significance of Pasithea Therapeutics' work?

Pasithea Therapeutics' work is significant in addressing unmet medical needs and improving patient outcomes for complex CNS disorders and other diseases.

Does Pasithea Therapeutics provide regular updates?

Yes, Pasithea Therapeutics provides regular updates through press releases and corporate communications.

What are the core areas of research for Pasithea Therapeutics?

The core areas of research include treatments for CNS disorders, leveraging neuroscience and drug development to address conditions like ALS, MS, and Schizophrenia.

What are RASopathies?

RASopathies are a group of disorders caused by mutations in the RAS gene, affecting cell growth and development, which Pasithea Therapeutics aims to treat through their innovative research.

How does Pasithea Therapeutics support its financial stability?

Pasithea Therapeutics supports its financial stability through transparent corporate governance and maintaining a solid financial foundation to back its research and development activities.

Pasithea Therapeutics Corp.

Nasdaq:KTTA

KTTA Rankings

KTTA Stock Data

3.92M
1.05M
23.12%
2.87%
2.18%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
VENICE