Launched Phase 2 study of drug known as micro PEA in December 2020
Developing drugs to treat gastrointestinal diseases in dogs and cats
FSD Pharma Inc (NASDAQ:HUGE) (CSE:HUGE) is a publicly-traded holding company that owns subsidiary FSD Pharma BioSciences Inc, a specialty biotech pharmaceutical R&D firm focused on developing multiple applications of its lead anti-inflammatory drug FSD-201.
The drug is now one of several therapeutics being advanced that could help reduce severe and deadly lung infection in coronavirus (COVID-19) patients.
Known as ultra-micronized PEA, the drug is a naturally occurring fatty acid similar to an endocannabinoid, one of a suite of molecules found in cannabis that targets endocannabinoid (CB2) receptors in the human body. The company holds exclusive worldwide rights to the drug that has been used for 40 years to fight respiratory infections - except in Italy and Spain, where PEA is prescribed as a medical-food supplement to treat chronic infla
bluebird bio (NASDAQ:BLUE), Onconova (NASDAQ:ONTX) - Why Bluebird Bio, Onconova, FSD Pharma, Immatics Are Moving Wednesday
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HUGE Stock: Why Pet Care Play FSD Pharma Is Soaring Today InvestorPlace 4 days ago
Shares of
FSD Pharma (NASDAQ:
HUGE) surged more than 50% in Wednesday’s pre-market trading after the firm said it had entered into a license agreement for gastrointestinal veterinary treatments for dogs and cats. The big move in HUGE stock could reverse a 25.8% drop in the share price over the last 12 months. © Provided by InvestorPlace Persian cat with veterinarian doctor at vet clinic
FSD said that it has entered into a license agreement with
Innovet Italia which has granted a license for FSD to use the Italian company’s technology to develop U.S. Food and Drug Administration-approved veterinary drugs for the treatment of gastrointestinal diseases in dogs and cats.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
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Proactive InvestorsMarch 17, 2021 GMT
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