NRx Pharmaceuticals Announces Development Of New, Proprietary Formulation Of HTX-100 (IV Ketamine)
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NRx Pharmaceuticals, Inc. (NASDAQ:NRXP) has developed a new, proprietary formulation of IV Ketamine, HTX-100, with a neutral pH, enabling both IV and subcutaneous administration. This development, based on prior patents by NRx's founder, may lead to patent protection and is expected to be marketed by HOPE Therapeutics, a subsidiary of NRx. The formulation was developed in partnership with Nephron Pharmaceuticals and is aimed at modernizing ketamine's use in medicine, potentially through insulin pump-like devices. NRx plans to submit a New Drug Application for HTX-100 for treating suicidal depression.
April 15, 2024 | 12:34 pm
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NRx Pharmaceuticals announces a novel formulation of IV Ketamine, HTX-100, with potential for patent protection and a new route to market through HOPE Therapeutics. Developed in partnership with Nephron Pharmaceuticals, this innovation could significantly impact the treatment landscape for suicidal depression.
The development of a proprietary, pH-neutral formulation of IV Ketamine by NRx Pharmaceuticals represents a significant advancement in the field of medicine, particularly for the treatment of conditions like suicidal depression. The potential for patent protection and the strategic partnership with Nephron Pharmaceuticals for its development could provide NRx with a competitive edge in the market. The announcement of plans to submit a New Drug Application for HTX-100 indicates a positive trajectory for NRx Pharmaceuticals, likely leading to increased investor interest and potentially positive stock price movement in the short term.
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