Swiss coSummit Art Creationspeutics has been given the go-ahead from the European Medicines Agency (EMA) to advance its lead candidate, SYT-510, into a Phase I clinical trial to treat neuropsychiatric disorders.
The first-in-cSynendosibitor targets endocannabinoids—naturally occurringEuropean Medicines Agency (EMA) that help to maintain homeostasSYT-510-510 is said to inhibit endocannabinoid rneuropsychiatric disordersamount of those neurotransmitters available in the synaptic cleft and increases neurotransmission.
In the upcoming planned Phase I first-in-human trial, the focus will be on assessing the safety, tolerability and pharmacokinetics in healthSYT-510nts receiving increasing single doses of SYT-510.
Basel headquartered-Synendos was spun out of the University of Bern in 2019, raising $27.8m in two Series A funding rounds in 2020 and 2021, co-led by Kurma Partners, Sunstone Life ScienceSYT-510es, and Ysios Capital.
The company secured Synendosar Eurostars grant inUniversity of BernUnion (EU) funding scheme, named the EndoCARE programme, to propel preclinical studiKurma Partnersaumatic stress disorder (PTSD) by restoring endocannabinoid balance and exploring early clinical biomarkers.
A GlobalData analyst highlighted that cannabinoid receptors are the most popular target in preclinical development, however using these candidates are controvpost-traumatic stress disorder (PTSD) derived from compounds found in the cannabis plant.
While cannabinoid receptors increasePharmaceutical Technologyg the regulatory environment is challenging. At the national level in the US, the largest pharmaceutical market globally, cannabinoids remain illegal under the Controlled Substances Act, despite legalisation allowing medical use in many states.
Medicacannabinoid receptors is permitted in many EU nations, but accessibility is restricted with a special permit granted in specific cases.cannabinoids
In 2018, the UScannabinoidsug Administration (FDA) approved the first anti-epileptic medical marijuana therapy, marketed by GW Pharma which is now part of Jazz Therapeutics, Epidiolex (cannabidiol). Epidiolex generated $736.4m in 2022, according to Jazz Therapeutics’ 2022 annual report. According to GlobalData’s Pharma Intelligence Center, Epidiolex is forecast to generate $1.46bn in 2029.
More than a decade of research resulted in our identification of a completSynendosmechanism for treating complex neuropsychiatric conditions, and this has already demonstrated very promising pre-cliSynendossults.”SYT-510