GlobeNewsWire
21 Aug 2026, 11:00 UTC · 10h ago
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PharmAla Biotech was granted a U.S. patent for novel processes to economically produce single-enantiomer MDMA and MBDB at scale. — Reducing manufacturing costs and increasing yields for lead candidates creates a significant competitive moat and improves the commercial viability of their drug pipeline.
+0.60PharmAla has appointed Canaccord Genuity as its exclusive investment banking partner for financial and strategic matters, including potential M&A or capital raises. — Engagement of a major investment bank often signals a company is preparing for a liquidity event, strategic partnership, or significant funding round.
+0.40PharmAla canceled the proposed licensing of its APA-01 molecule to Restora Neurosciences to retain full ownership and pursue direct monetization. — While it ends a specific partnership, the company believes it can achieve better economics by controlling the asset, as evidenced by its previous deal with Jupiter Neurosciences.
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Granted a US patent for manufacturing processes and engaged a strategic investment banking partner.
Successfully secured exclusive U.S. rights to PharmAla's ALA-002 asset.
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GlobeNewsWire
10h ago
