Vancouver, British Columbia, September 7th 2021 – Global Wellness Strategies Inc. (formerly Redfund Capital Corp.)(CSE: LOAN) (Frankfurt:O3X4) (OTCQB: PNNRF) (“Global” or the “Company”) updates Shanti Therapeutics’ developments; fast tracking First-In-Man (FIM) human trials in Australia for MDMA.
Global Wellness recently announced the signing of a definitive agreement to acquire 100% of Shanti Therapeutics (read the release here). Shanti is focused on psychedelic MDMA-based drug development and becoming one of the first companies solving the puzzle of chronic pain with MDMA-based medicines utilizing clinical trials for the purposes of novel drug development.
Shanti Therapeutics Update:
The team at Shanti in Melbourne is finalizing their clinical protocol with a view to submit for ethics approval in the next few weeks. Nonetheless; preparation has begun for an Australian FIH (First-in-Human) proof of concept trial This trial will help identify the magnitude of the effect size of MDMA in treating pain which will guide the sample size determination for future pivotal clinical trials.
MDMA has shown promise for PTSD, but the drug alone is unlikely to be a cure. The illegal substance, commonly known as Molly in the 1980’s was known as a college party drug for so long that many still do not believe MDMA paired with psychotherapy improves PTSD pathogenesis. Globally there are approx. 20 significantly funded companies (both listed and unlisted) conducting research and clinical trials into the potential applications (pain management, mental health, PTSD) of Ketamine, Psilocybin, DMT and MDMA and their respective derivatives / compounds.
“Finding new drug solutions to the puzzle of chronic pain is novel and innovative. Shanti is an early mover with respect to entheogens (psychedelics) being used to modulate the psychosocial component of pain. Concurrent, with the trial being executed in Australia, a pre-IND application to the FDA will be conducted to help identify the best regulatory strategy to a new drug approval.” said Meris Kott CEO, Global Wellness Strategies.
About Global Wellness Strategies
Global Wellness Strategies is a prospect generator that provides high growth companies with financial, operational, and management assistance in the fast-growing market for wellness consumer products. The focus of the Company is on global wellness, psychedelics, mycology, hemp and CBD, healthcare-related target companies.
For further information visit websites:
www.globalwellnessstrategies.com and www.shantitherapeutics.com
Or Contact Meris Kott CEO 604.484.0355 or email to [email protected]
Further information about the Company is available on www.SEDAR.com under the Company’s profile.
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