CORPORATE HIGHLIGHTS
Intellectual Property Developments
Tryp made significant progress expanding its IP portfolio, including:
- The
World Intellectual Property Organization published their international PCT patent application covering the intravenous administration of psilocybin and psilocin, related to the Company’s development of TRP-8803. TRP-8803 is an intravenous infusion of psilocin that alleviates numerous shortcomings of oral psilocybin, including significantly reducing the time to onset of the psychedelic state, controlling the depth and duration of the psychedelic experience, and reducing the overall duration of the intervention to a commercially feasible timeframe. Psilocin is the active metabolite of psilocybin that is responsible for inducing and maintaining the psychedelic state. - The filing of a provisional patent for the use of psilocybin for the treatment of patients with binge eating disorder
- The filing of a provisional patent for the use of psilocybin for the treatment of patients with fibromyalgia
- The filing of a provisional patent for crystalline forms of TRP-8803
Clinical Development
Tryp saw significant progress in their Phase 2a clinical study using TRP-8802 (oral psilocybin) to evaluate psilocybin-assisted therapy among patients with binge eating disorders, in partnership with the
- Initiation of enrollment in Tryp’s Phase 2a binge eating disorder trial
- Announcement of results for the first patient dosed in Tryp’s Phase 2a binge eating disorder trial. The initial data readout supported the potential effectiveness of psilocybin and psilocybin-related compounds for the treatment of Binge Eating Disorder.
- Interim data analysis for the first 5 patients is scheduled to be available in January of 2023
Tryp received confirmation from the
Additional Operational Developments
- Jim O’Neill was appointed as the Company’s Chief Financial Officer in
September 2022 Peter Molloy was appointed as the Company’s Chief Business Officer inDecember 2022
“To that end, Tryp expects to have the interim results from our Phase 2a clinical binge eating disorder trial as early as
About
Forward-Looking Information
Certain information in this news release constitutes forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans," "targets," "expects" or "does not expect," "is expected," "an opportunity exists," "is positioned," "estimates," "intends," "assumes," "anticipates" or "does not anticipate" or "believes," or variations of such words and phrases or state that certain actions, events or results "may," "could," "would," "might," "will" or "will be taken," "occur" or "be achieved." In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events.
Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by Tryp as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in greater detail in the "Risk Factors'' section of Tryp's final prospectus available at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect Tryp; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. The forward-looking statements contained in this news release are made as of the date of this news release, and Tryp expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.
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Contact Information
IMS Investor Relations
tryp@imsinvestorrelations.com
+1 203.972.9200
Source:
2022 GlobeNewswire, Inc., source