BioMedNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) Submits IND Application
Jun 1, 2022
FSD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A), a life-sciences holding company dedicated to building a portfolio of assets and biotech solutions, announced that it has submitted an investigational new drug (“IND”) application with the U.S. Food and Drug Administration and Health Canada. The application is for the FDS-PEA and includes details of a planned phase 2 clinical trial of the substance for the treatment of a yet-to-be-disclosed inflammatory disorder. The announcement also noted that the company recently completed the sale of its cannabis production facility in Ontario, which completed the company’s departure from the cannabis sector and transition into becoming a globally recognized biotechnology firm. The IND application represents a “significant milestone” in the company’s drug-development efforts as the company anticipates initiating efficacy trials. In addition, FSD Pharma has been building world-class development and advisory teams comprised of highly qualified scientists, regulatory and medical professionals as it works to advance its three novel drug candidates, which are designed to meet unmet medical needs in areas such as muscular sclerosis, depression disorders and inflammatory disorders. “Over the last year, we have strategically exited the cannabis business, whilst making a generous profit on the sale of the Cobourg facility and in the process, providing sufficient capital for at least three years of operations and clinical trials,” said FSD Pharma cofounder and president Zeeshan Saeed in the press release. “No treatment currently exists to target neurodegeneration, Major Depressive Disorder is an indication in desperate need for new therapeutic approaches, and, as aforementioned, there are no PEA-based drugs approved by the FDA either. That said, we have unique drug candidates that have the potential to revolutionize patient outcomes in each of these notoriously hard-to-treat diseases via innovative mechanisms of action.”
To view the full press release, visit https://ibn.fm/rmvFw
About FSD Pharma Inc.
FSD Pharma, with only 38.4 million shares issued or outstanding, is a biotechnology company with three drug candidates in different stages of development. FSD BioSciences Inc., a wholly owned subsidiary, is focused on pharmaceutical research and development of its lead compound, ultramicronized palmitoyl ethylamine (“PEA”) or FSD-PEA, formerly called FSD-201. Lucid Psycheceuticals Inc. is a wholly owned subsidiary focused on the research and development of its lead compounds, Lucid-PSYCH (formerly Lucid-201) and Lucid-MS (formerly Lucid-21-302). Lucid PSYCH is a molecular compound identified for the potential treatment of mental health disorders. Lucid-MS is a molecular compound identified for the potential treatment of neurodegenerative disorders. For more information about the company, please visit www.FSDPharma.com.
About BioMedWire
BioMedWire (BMW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) BioMedNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, BMW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. BMW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, BMW brings its clients unparalleled visibility, recognition and brand awareness. BMW is where news, content and information converge.
To receive SMS text alerts from BioMedWire, text “Biotech” to 844-397-5787 (U.S. Mobile Phones Only)
For more information please visit https://www.BioMedWire.com
Please see full terms of use and disclaimers on the BioMedWire website applicable to all content provided by BMW, wherever published or re-published: http://BMW.fm/Disclaimer
BioMedWire (BMW)
San Francisco, California
www.BioMedWire.com
415.949.5050 Office
[email protected]
BioMedWire is part of the InvestorBrandNetwork
Unhealthy air quality for sensitive groups in parts of Metro Manila – DENR
MANILA, Philippines — The air quality in some parts of Metro Manila remained “unhealthy for sensitive groups” levels on Thursday, Oct. 1, the Department of Environment and Natural Resources (DENR) said. The DENR’s Environmental Management Bureau (EMB) said that high PM2.5 levels, which refer to fine particulate matter measuring 2.5 micrometers or less in diameter,were
High fuel prices choke South Cotabato commuters, drivers
KORONADAL CITY — Commuters in South Cotabato are feeling the pinch of higher public transport fares that took effect on Monday, forcing some to adjust their daily budgets as drivers say the increase barely covers rising operating costs. Among them is Tessie Larroza, a resident of Sto. Niño, South Cotabato, who works in Koronadal City
AirAsia ends Bohol operations after final Panglao flight
TAGBILARAN CITY, Bohol — AirAsia Philippines ended its Bohol operations on Wednesday with its last scheduled flight arriving at the Bohol-Panglao International Airport (BPIA). The Airbus A320 aircraft operating Flight Z2354 landed at BPIA at about 9:45 a.m., marking the airline’s final scheduled service on the Manila-Bohol route. The company said it suspended its Bohol
House, LGUs are partners in protecting children online, offline – Dy
MANILA, Philippines — The House of Representatives and local government units should share the responsibility of protecting children online and offline, with lawmakers strengthening laws to achieve this and local officials implementing those laws. House Speaker Faustino “Bojie” Dy III said in Filipino in his speech on Wednesday at the 2026 League of Municipalities of
Ex-DSWD official found guilty of graft, malversation over PDAF misuse
MANILA, Philippines — The Sandiganbayan Fifth Division found a former Department of Social Welfare and Development (DSWD) official guilty of graft and malversation over the misuse of P5 million in Priority Development Assistance Fund (PDAF) in 2007. In a decision promulgated on Oct. 1, the court found former DSWD-National Capital Region (NCR) Regional Director Honorita
DILG chief to Velasco couple: Return to PH, take lie detector test
MANILA, Philippines — Interior Secretary Jonvic Remulla challenged former House Speaker Lord Allan Velasco and his wife to return to the Philippines and take a polygraph test amid allegations linking them to alleged cash deliveries to the Duterte family. “The lie detector test is not admissible in court. But I’m asking the Velasco couple to
Dizon orders start of P31M pedestrian-friendly roadwork in Naga
NAGA CITY — Public Works Secretary Vince Dizon has ordered on Thursday the start of a P31-million road redevelopment project for Naga City that will provide wider pedestrian walkways, bike lanes, and facilities for persons with disabilities (PWDs). The project along Melchor T. Villanueva Avenue in Barangay Liboton is expected to be completed within six
Defense: Documents show Duterte’s SALN declares Carpio properties
MANILA, Philippines — Vice President Sara Duterte’s defense team showed on Thursday that the land purchases of Duterte’s spouse, Atty. Manases Carpio, match those declared in the vice president’s statement of assets, liabilities and net worth (SALN). This, as defense counsel Atty. Lindon Bacquel cross-examined Davao City Register of Deeds IV Kathy Florence Baldonado and
LTFRB summons 19 ride-hailing providers for not following new fare hikes
MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) on Thursday said it summoned 19 ride-hailing platform providers after they allegedly failed to implement the required fare adjustments. According to the LTFRB, it issued a show-cause order to at least 19 Transport Network Companies (TNCs) for failing to implement the approved fare increase,
Red tide-causing organism detected in Carigara Bay waters
TACLOBAN CITY — Seawater samples collected from Carigara Bay tested positive for Pyrodinium bahamense, a toxic microorganism associated with paralytic shellfish poisoning, the Bureau of Fisheries and Aquatic Resources (BFAR) said in an advisory on Tuesday. The positive samples were collected from waters covering parts of Babatngon, San Miguel, Capoocan, Barugo and Carigara, all in
1,216 aspiring military officers pass PMA entrance exam
BAGUIO CITY — Around 1,216 young men and women passed this year’s Philippine Military Academy entrance examinations, the military school announced on Thursday. They make up 4.78 percent of the 25,452 qualified applicants who took exams in 48 testing centers from July to September 2026, said Navy Lt. Commdr Jermaine B Dacanay, acting chief of
DOJ scrutinizes Gracioso Jr. affidavit: We don’t want weak cases
MANILA, Philippines – The Department of Justice (DOJ) is assessing the sworn statement of former police officer Rodulfo Gracioso Jr., applying the legal principle of the “totality of circumstances” in ensuring that any prospective criminal charges or witness protection coverage will hold up under judicial scrutiny. Justice Secretary Fredderick Vida said the DOJ received Gracioso’s
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.