2023-03-22 11:39:43 ET
- FSD Pharma ( NASDAQ: HUGE ) said it received a certificate of approval from The Alfred Ethics Committee in Australia to proceed with a phase 1 trial of Lucid-201 (Lucid-Psych) to treat Major Depressive Disorder (MDD).
- Lucid-Psych is being developed outside of Australia by Lucid Psycheceuticals, a unit of FSD Pharma, and in Australia by FSD Pharma Australia.
- "As we initiate the clinical stage for Lucid-Psych, our clinical team is optimistic that our novel drug candidate in a unique dosage form will be safe and tolerated," said FSD CEO Lakshmi Kotra.
- FSD noted that Lucid-Psych is a psychoactive molecule selected as a potential therapy for MDD based upon the drug's pharmaceutical and metabolic properties including using machine learning algorithms, and for its potential proprietary position.
For further details see:
FSD Pharma gets ethics panel nod in Australia for phase 1 trial of depression drug