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Tryptamine Therapeutics ( (AU:TYP) ) has issued an announcement.
Tryptamine Therapeutics has received ethics approval to initiate a groundbreaking clinical trial for TRP-8803, targeting Binge Eating Disorder (BED) in collaboration with Swinburne University. This trial aims to assess the safety and efficacy of TRP-8803, administered with psychotherapy, in adult BED patients. The study will involve 12 participants and is expected to provide insights into the treatment’s potential for BED and its associated neuropsychiatric comorbidities. With BED being a prevalent disorder in the US and Australia, this trial could significantly impact the company’s positioning in the market and offer new treatment avenues for related conditions.
More about Tryptamine Therapeutics
Tryptamine Therapeutics Limited is a clinical-stage biopharmaceutical company focused on developing TRP-8803, a proprietary psilocin-based IV-infused formulation with neuroplastic benefits. The company operates in the biopharmaceutical industry and is dedicated to addressing unmet clinical needs, particularly in neuropsychiatric conditions.
Average Trading Volume: 1,471,707
Technical Sentiment Signal: Sell
Current Market Cap: A$44.61M
For detailed information about TYP stock, go to TipRanks’ Stock Analysis page.