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Small Pharma (TSXV:DMT) granted European patent

Health Care, Psychedelics
TSXV:DMT
25 October 2021 13:30 (EDT)
Small Pharma - CEO, Peter Rands.

Source: Small Pharma.

Small Pharma (DMT) has been granted a European patent, strengthening its ketamine-based patent portfolio.

The company received European patent grant number EP 3 463 323 as acceptance for its patent application No. 17 728640.8.

The patent grants certain protections for a range of oral dosage forms of 2R,6R-hydroxynorketamine (6-HNK), an active ketamine metabolite.

It also provides protection for a solid oral dosage form of the company’s preclinical candidate, SPL801B, in combination with a serotonin modulator, for the treatment of depressive disorders.

Early preclinical studies of SPL801B have shown signs of potential antidepressant properties without the psychoactive effects typically associated with ketamine.

Peter Rands, Small Pharma’s CEO, stated,

“We continue to experience rapid maturation both in our corporate profile and the progression of our pipeline of therapeutic candidates. Securing the patent rights to SPL801B, our preclinical ketamine-based candidate for the treatment of depression, allows us to securely investigate its commercial potential.

This is the third patent to be granted in our growing IP portfolio, which protects the company’s rights to innovate and develop novel treatment candidates for mental health conditions.”

Small Pharma is a neuropharmaceutical company specialized in IP-led development of treatments for mental health conditions with a focus on depression. 

Small Pharma (DMT) is unchanged trading at $0.69 per share as of 12:39 pm ET.

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