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PharmAla Biotech Holdings, Inc. ( (TSE:MDMA) ) has issued an announcement.
PharmAla Biotech Holdings Inc. has entered into an exclusive distribution agreement with Duchefa Farma B.V. to distribute its LaNeo MDMA in the Netherlands. This strategic partnership is expected to open new market opportunities for PharmAla, leveraging Duchefa’s strong presence and relationships in the European market. The agreement includes annual purchase minimums and provisions for increased demand following regulatory changes in the Netherlands, potentially enhancing PharmAla’s industry positioning and contributing to the acceptance of MDMA-Assisted Therapy for PTSD treatment.
More about PharmAla Biotech Holdings, Inc.
PharmAla Biotech Holdings Inc. is a biotechnology company specializing in the research, development, and manufacturing of MDXX class molecules, including MDMA. The company aims to address the global shortage of clinical-grade MDMA for trials and commercial use, while also developing new drugs in the same category. PharmAla is notable for being the only provider of clinical-grade MDMA for patient treatments outside of clinical trials.
YTD Price Performance: -35.19%
Average Trading Volume: 251,481
Technical Sentiment Consensus Rating: Hold
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