PurMinds NeuroPharma Announces PUR501 as Lead Candidate Novel Non-Hallucinogenic Neuroplastogen
PurMinds NeuroPharma to initiate preclinical development of lead candidate PUR501 in 2024 in preparation for IND submission
- PUR501 is a novel, orally bioavailable, serotonin 2A (5-HT2A) receptor partial agonist that has been selected as the Company's lead candidate following comprehensive screening.
- Together, these findings indicate that PUR501 is a cardiac safe, orally bioavailable, non-hallucinogenic neuroplastogen that offers promise as a novel therapeutic for treating neurological and neurodegenerative disease.
- "Selecting PUR501 as the lead development candidate marks a significant milestone for PurMinds.
- These data emphasize PUR501's potential as a novel neuroplastogen molecule with key pharmacological properties indicating favourable tolerability and efficacy in relevant models," said Janet Qi, CEO and co-founder of PurMinds NeuroPharma.