A deal inked last month validates the path of at least one company developing next-generation psychedelics.
Lanthier said third party estimates suggest the cost of bringing just one new chemical entity through Phase 1 could be in the range of $15 to $20 million. Critically, the non-dilutive funding from Otsuka for the first phase of drug development is not capped. After it helps fund Phase 1, Otsuka has the opportunity to ink a new, potentially larger, deal.
“No one else in the psychedelic space has yet had as decisive a stamp of approval,” he said, adding that the expertise that Otsuka brings to the table is as valuable as the funding. “Not only does that represent a significant cost savings to Mindset, it means that we are able to continue to focus our scientific team on the area where we continue to see tremendous opportunity for value creation, which is on new psychedelic drug discovery.
According to the CEO, early data suggests that Mindset’s drugs in this family “activate the same serotonin receptors that we see with drugs like psilocybin, but do so with a much gentler effect,” while also having a longer duration, potentially providing a sub-hallucinogenic effect that could be sustained throughout the day.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Big Pharma Sought to Undermine South African Efforts to Produce COVID VaccinesBioNTech — Pfizer’s Covid-19 vaccine partner — has been working behind the scenes to undercut African scientists’ efforts to produce an mRNA-based coronavirus vaccine.
Consulte Mais informação »
Big Tech’s Next Move? Taking on Big Banks“In 2022, the traditional banking industry will be watching anxiously for technology companies to make their next move. The banks’ choice will be stark: whether to ignore the threat – or to partner with it.” Via WIREDUK WIREDWorld2022
Consulte Mais informação »
Pharma-Funded Republican Blocks Sanders’s Demand for Vote on Drug Price BillBernie Sanders demanded on the Senate floor that the chamber immediately take up debate on his new bill to lower prescription drug prices – but the effort was blocked by a Republican who has received nearly $300,000 from the pharmaceutical industry.
Consulte Mais informação »
Documents Expose Pharma Effort to Kill Africa's Covid Vaccine Project'To push for the termination of this lifesaving project in order to protect the interests of pharmaceutical companies is shameful,' said Anna_Marriott of Oxfam.
Consulte Mais informação »
SpaceX is stacking its giant Starship ahead of Elon Musk's big update this weekThe vehicle in question is slated to launch on the first-ever Starship orbital test flight.
Consulte Mais informação »