Wednesday, October 8, 2025

Latest

Pharmather Applies For Orphan Drug Status For Ketamine In Use Against Parkinson’s Disease

Pharmather Inc (CSE: PHRM) has filed for orphan drug designation with the US Food and Drug Administration for the use of ketamine in the treatment of levodopa-induced dyskinesia associated with Parkinson’s Disease. The filing was announced this morning by the firm.

The filing, if approved, would grant the company special status, enabling the accelerated development of ketamine to treat levodopa-induced dyskinesia associated with Parkinson’s (LID-PD). The orphan drug designation enables certain benefits and incentives to be available to the filer, which notably includes potential tax credits, eligibility for orphan drug grants, seven years of marketing exclusivity, and finally the waiver of certain admin fees.

The global Parkinson’s market, as per Pharmather, is expected to grow to US$7.5 billion by the end of 2025. It’s estimated that as a result, the target market for LID-PD within the US will be over roughly $3 billion as a result. Overall this represents significant growth for the market, given that it was $5 billion in size in 2019.

“The FDA ODD application leverages established clinical research and intellectual property that we have exclusively secured for ketamine in LID-PD and it complements our strategy in pursuing an FDA investigational new drug application to conduct a Phase 2 clinical study in LID-PD later this year.”

Fabio Chianelli, CEO

Notably, Ketamine is an FDA approved drug and is viewed as having a known safety profile as a result. Prior clinical reports conducted on the drug have provided the suggestion that in low doses, an infusion of ketamine is well tolerated by the body and can be used to improve pain and depression. Both of these clinical conditions are often comorbidities of Parkinson’s disease.

Pharmather Inc last traded at $0.20 on the CSE.


FULL DISCLOSURE: Pharmather is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Pharmather on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Pharmather Acquires Exclusive License For Ketamine Treatment Against Parkinson’s Disease

Pharmather Inc (CSE: PHRM) this morning announced that it has entered into an exclusive licensing...

Thursday, October 15, 2020, 09:02:27 AM

PharmaTher Receives FDA Approval For Ketamine Trial For Parkinson’s

PharmaTher Holdings (CSE: PHRM) has seen the US FDA approve the firms application for an...

Monday, May 17, 2021, 09:15:31 AM

Artificial Intelligence Meets Psychedelics – The Daily Dive feat Fabio Chianelli

Today on the Daily Dive, Fabio Chianelli, CEO of PharmaTher Inc (CSE: PHRM) sits down...

Tuesday, November 24, 2020, 01:00:00 PM

PharmaTher Sponsors Research For Novel Delivery Of Ketamine

PharmaTher Inc (CSE: PHRM) this morning announced that it has entered into a sponsored research...

Wednesday, March 24, 2021, 07:19:06 AM

PharmaTher Files With FDA For Pre-IND Meeting On Use Of Ketamine In Treatment Of Parkinson’s Disease

PharmaTher Inc (CSE: PHRM) this morning announced that it has filed a pre-investigational new drug...

Tuesday, December 8, 2020, 09:08:04 AM