Zacks Small Cap Analysis – MIRA Makes Spectacular Progress – Cyber Tech

By Brad Sorensen, CFA

NASDAQ:MIRA

READ THE FULL MIRA RESEARCH REPORT

MIRA Prescription drugs (NASDAQ:MIRA) is a preclinical-stage pharmaceutical firm centered on the event and commercialization of a brand new molecular artificial cannabinoid analog for the remedy of grownup sufferers with neuropathic ache in addition to anxiousness and cognitive decline usually related to early-stage dementia. The corporate additionally acquired the rights to Ketamir, which, in layman’s phrases, is a possible spinoff of the antidepressant ketamine that has proven indications of getting fewer uncomfortable side effects, working extra quickly, and having the chance to influence tens of millions of sufferers that haven’t responded to different, present therapies. We’ve got written concerning the thrilling preclinical outcomes for Ketamir-2, the corporate’s novel oral ketamine analog, and the corporate simply launched additional research outcomes that, in our view, increase the potential for the remedy.

As beforehand mentioned, Ketamir-2 is underneath investigation for its potential in treating neurological and neuropsychiatric problems, together with despair, treatment-resistant despair (TRD), and post-traumatic stress dysfunction (PTSD). We’re happy to see the corporate focus its consideration on neuropathic ache to being with, which we consider will enable for a faster and extra environment friendly approval course of.

Moreover, the corporate introduced that it has accomplished the design of its Part I medical trial of Ketamir-2 for the remedy of neuropathic ache and is on observe for its IND submitting with the FDA in December 2024. The corporate expects Part I trials to start in early Q1 2025. The corporate notes the trial will assess security, tolerability, and pharmacokinetics in people, laying the groundwork for subsequent efficacy research. We proceed to be impressed by the pace and dedication of firm administration in getting this thrilling remedy by way of the approval course of in order that sufferers will be helped as quickly as potential and income can begin to be acknowledged. As famous above, neuropathic ache is the first preliminary focus however there are lots of different situations that stand to learn from Ketamir-2 and we’re assured that the preliminary Part I trial will assist to tell future trials for different situations.

We stay extraordinarily optimistic on MIRA, and this announcement is one more affirmation that the potential for MIRA’s therapies is massive and rising. This announcement, in our view, helps to additional validate the potential for MIRA therapies. The corporate has two potential groundbreaking therapies and is rightly specializing in the one with the potential to get to market the quickest—Ketamir-2, but in addition persevering with to advance MIRA-55, which we’ve got written extensively about, within the background. We urge buyers to take a look at MIRA and counsel these with a modestly increased threat tolerance contemplate investing earlier than MIRA proclaims extra optimistic outcomes or collaborations the inventory actually begins to maneuver increased.

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