PharmAla Biotech To Supply LaNeo MDMA For Mt. Sinai Clinical Trial
Portfolio Pulse from Juan Spínelli
PharmAla Biotech Holdings Inc. will supply its LaNeo MDMA for a clinical trial at Mt. Sinai Health System, focusing on MDMA-assisted therapy. The company also terminated its agreement with CCrest Labs, opting for other distributors.
October 21, 2024 | 7:00 pm
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PharmAla Biotech Holdings Inc. will supply LaNeo MDMA for a clinical trial at Mt. Sinai, enhancing its role in MDMA-assisted therapy. The termination of the CCrest Labs agreement may impact distribution strategies.
The supply agreement with Mt. Sinai positions PharmAla as a key player in MDMA-assisted therapy, potentially increasing demand for its products. The termination of the CCrest Labs agreement suggests a shift in distribution strategy, but the focus on high-profile clinical trials may offset any negative impact.
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