Incannex granted meeting with FDA over CBD drug cocktail

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Special Report: Incannex Healthcare (ASX:IHL) is making steady progress on its hydroxychloroquine (HCQ)/cannabidiol (CBD) drug combination and will be meeting with US regulators shortly on an approval pathway.

The Melbourne-based pharmaceutical development company says it has a pre-investigational new drug (IND) meeting with the US Food and Drug Administration after submitting a comprehensive information package on IHL-675A and its proposed use in preventing Acute Respiratory Distress Syndrome (ARDS) and Sepsis Associated Acute Respiratory Distress Syndrome (SAARDS), a leading cause of death from COVID-19.

Some 10 to 15 per cent of all patients admitted to intensive care have ARDS, a life-threatening injury characterised by fluid leaking into the lungs, according to Incannex.

Patients with ARDS often have poor outcomes, as the ventilators typically only treat the symptoms rather than the inflammation that’s driving the disease.

The FDA says it will try to provide comment on Incannex’s drug development proposal by April 21, after which time Incannex will formalise its clinical development plans.

FDA members from across the agency, including representatives from medical, pharmacology and chemistry, manufacturing and control (CMC) divisions will provide feedback on Incannex’s plans.

“The United States is the largest pharmaceutical market in the world, so being granted a Pre-IND meeting review with FDA represents an important milestone for our company and a strong foundation for the clinical development of IHL-675A,” says Incannex managing director and chief executive Joel Latham.

Seven separate preclinical trials on IHL-675A have indicated the drug cocktail is a potent anti-inflammatory. The animal tests indicate that CBD and hydroxychloroquine work together synergistically to reduce inflammation.

In consultation with the FDA, Incannex intends to expand its development to include pulmonary neutrophilia, inflammatory bowel disease and rheumatoid arthritis.

“Our preclinical studies have demonstrated that IHL-675A has the potential to be a platform drug applicable to the treatment of multiple indications,” says Latham.

“We anticipate the work completed on the FDA information package for IHL-675A for ARDS and SAARDS will assist us with hastening submissions to FDA for the other indications being pursued.”

 

This article was developed in collaboration with Incannex Healthcare, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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1 in 10 COVID survivors in Britain still suffer symptoms; ASX cannabis stock Bod wants to help

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Cannabis stock Bod Australia (ASX:BDA) has entered the fight against what is known as “long-COVID”.

 

What is ‘long-COVID’?

“Long-COVID” occurs when people suffer COVID-19 symptoms for several weeks of months after the initial onset of symptoms.

Effects include anxiety, fatigue, sleep disturbances and chronic pain and there is no treatment for long-COVID.

But Bod reckons because medical cannabis can address some of these problems in their own right, it could help.

This morning Bod announced a collaboration with Drug Science UK, to assess if Bod’s medicinal cannabis product, MediCabilis, can manage these common long-COVID symptoms.

Drug Science UK is an independent (non-government) scientific body that assesses drugs and their impact.

Bod and Drug Science’s collaboration will eventually result in a UK-based clinical trial to explore the effectiveness of prescribing Bod’s cannabis-based oil MediCabilis to long-COVID sufferers.

(Pic: Bod Australia)

 

COVID another potential cannabis market for Bod

In Britain, Bod’s key market, it is estimated that one in five people who tested positive for COVID-19 still suffer symptoms five weeks later and one in 10 still suffer 12 weeks later.

Bod told shareholders this represented a big opportunity for them and one that wouldn’t go to waste.

Despite the vaccine roll-out speeding up globally, cannabis and non-cannabis companies worldwide are still working on drugs to fight COVID. And they’re assuring shareholders their COVID-fighting efforts won’t be in vain.

“While much progress has been made in the treatment of COVID-19, the effects of the disease are expected to continue for the foreseeable future and symptoms are likely to linger for many patients,” said CEO Jo Patterson.

“This collaboration with Drug Science will not only strengthen the body of evidence for the use of MediCabilis, but also potentially address the growing unmet health concerns around long-COVID.”

“MediCabilis is currently being prescribed for a number of chronic conditions and we are confident that this initiative will provide patients with a pathway to manage the effects of long-COVID and improve their quality of life.”

Bod shares only rose modestly this morning but are up over 300 per cent in the last 12 months.

Other cannabis stocks fighting COVID include Incannex (ASX:IHL) which is also working on a drug to fight COVID as well as Australian Primary Hemp (ASX:APH) and Ecofibre (ASX:EOF) which make cannabis-based PPE.
 

Bod Australia (ASX:BDA) share price chart

At Stockhead, we tell it like it is. While Incannex is a Stockhead advertiser, it did not sponsor this article.

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Incannex will pursue a SIXTH possible use for its experimental drug cocktail: treating rheumatoid arthritis

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Special Report: Incannex Healthcare (ASX:IHL) hydroxychloroquine/cannabidiol (CBD) cocktail is turning into a veritable wonder drug – at least in rodents.

The Melbourne-based pharmaceutical development company announced on Tuesday that it would pursue using IHL-675A to treat rheumatoid arthritis, following promising tests on laboratory rats induced to have arthritis.

It’s the sixth inflammatory condition the drug combination has shown efficacy in treating: Incannex has previously announced positive results for IHL-675A in animal studies involving asthma, constructive obstructive pulmonary disease (COPD), inflammatory bowel disease, bronchitis and sepsis-associated acute respiratory distress syndrome, a leading cause of death from COVID-19.

All the lab tests indicate that CBD and hydroxychloroquine work together synergistically to reduce inflammation.

Hydroxychloroquine is already approved for treating rheumatoid arthritis and is sold under the brand name Plaquenil, but long-term use can cause heart damage and inflame the optic nerve.

The medication became hard to find after then-US President Donald Trump infamously spruiked it as a treatment for COVID-19 last year.

This latest animal study suggests by combining hydroxychloroquine with CBD, there could be a tenfold reduction in hydroxychloroquine without sacrificing efficacy in arthritis treatment.

“The observation … indicates that IHL-675A has the potential to be a breakthrough in the treatment of rheumatoid arthritis in humans,” says Incannex chief executive and managing director Joel Latham.

“Therefore, the company is rigorously working with its scientific team and advisors to arrange the next steps to advance IHL-675A for use in patients with rheumatoid arthritis.”

A global disease

An autoimmune disorder, rheumatoid arthritis affected an estimated 24.5 million people in 2015.

The chronic inflammatory disorder occurs when the immune system mistakenly attacks a body’s own tissue, including the lining of the joints, causing painful swelling and stiffness.

Incannex said it had broadened claims within its patent filing to cover rheumatoid arthritis as an indication.

The company has also hired consultants and requested a meeting with the US Food and Drug Administration so it can develop a path forward with clinical studies.

This article was developed in collaboration with Incannex Healthcare, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

 

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Rise and Shine: What you need to know before the ASX opens

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On Stockhead today, should nickel bulls be worried about Tsingshan’s big move, details of China’s five-year demand, and who’s winning as ag stocks boom?

But first…
 

The day ahead

Local events will be headlined by the RBA board minutes from in March meeting on Tuesday (11:30am AEDT).

CBA economist Belinda Allen said markets will on the lookout for “further commentary on bond yields and the 3-year bond yield target”.
 

Trading Halts

The following companies are in trading halts and are expected to exit over the next two trading days:

Tuesday:

King Island Scheelite (ASX:KIS) – capital raising
Story-I (ASX:SRY) – capital raising
Incannex Healthcare (ASX:IHL) – research program launch

Wednesday:

Singular Health (ASX:SHG) – acquisition
Roto-Gro (ASX:RGI) – acquisition
Stellar Resources (ASX:SRZ) – capital raising
De.mem (ASX:DEM) – capital raising
Perpetual Resources (ASX:PEC) – maiden ore reserve
 

Markets

Gold: $US1,730.91 ($2,230.88) (+0.26%)

Silver: $US26.23 ($33.81) (+1.21%)

Oil (WTI): $US65.35 (-0.37%)

Oil (Brent): $US68.91 (-0.45%)

Coal: $US86.00 (+0.23%)

Iron 62pc Fe: $US168.26 (-1.76%)

AUD/USD: $US0.7756 (-0.01%)

Bitcoin: $US56,708.46 (-5.20%)
 

What got you talking yesterday

Readers took an interest in Bevis Yeo’s analysis of which ASX small caps stand to benefit amid signs of a supply-side crunch in WA’s domestic gas market.

To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.

Also, be sure to check in at 10.20am each day for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.
 

Yesterday’s winners

Stocks highlighted in yellow made market moving announcements

CodeCompanyPrice%Volume
QEMQEM Limited0.16510158547408
88E88 Energy Ltd0.01864855375831
VXRVenturex Resources0.515522449783
CDTCastle Minerals0.0125031592554
MPRMpower Group Limited0.155353114310
ONEOneview Healthcare0.2153454230611
VPRVolt Power Group0.00433213000
IVZInvictus Energy Ltd0.1352944397873
AWVAnova Metals Ltd0.0242618552436
CAVCarnavale Resources0.01254926296
A3DAurora Labs Limited0.165222474930
TEMTempest Minerals0.035213914143
LNYLaneway Res Ltd0.006206159626
GRVGreenvale Mining Ltd0.215193298130
RNURenascor Res Ltd0.1051974026430
TTATTA Holdings Ltd0.05218501596
CXMCentrex Metals0.075174308650
JRLJindalee Resources1.781798260
VMTVmoto Limited0.48171404596
ADRAdherium Ltd0.021172156147
KGLKGL Resources Ltd0.7171281224


 

Yesterday’s losers

CodeCompanyPrice%Volume
BIRBIR Financial Ltd0.024-233374882
FPLFremont Petroleum0.004-2011119843
NPMNewpeak Metals0.002-2013381001
OEXOilex Ltd0.002-206210346
TGMTheta Gold Mines Ltd0.29-17337521
ALTAnalytica Limited0.0025-17833333
MLSMetals Australia0.0025-17896666
WOOWooboard Tech Ltd0.005-178808622
RDGRes Dev Group Ltd0.041-15184169
RCRRincon0.23-13214609
ICEIcetana Limited0.1-13995984
AFWApplyflow Limited0.007-131579612
MRDMount Ridley Mines0.0035-131800000
SHHShree Minerals Ltd0.014-13723812
TPDTalon Petroleum Ltd0.007-1349016322
GLEGLG Corp Ltd0.28-1314626
CDYCellmid Limited0.08-1238843
ICGInca Minerals Ltd0.11-123848533
IBGIronbark Zinc Ltd0.024-118324775
AQCAuspaccoal Ltd0.16-1115000


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Rise and Shine: What you need to know before the ASX opens

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On Stockhead today, who’s going to solve WA’s gas problem, 10 stocks that went 20-bag after Covid, and Australia’s first all-local pot merger.

But first…

The week ahead

Key events locally will kick off with the RBA board minutes from in March meeting on Tuesday (11:30am AEDT). CBA economist Belinda Allen said markets will on the lookout for “further commentary on bond yields and the 3-year bond yield target”.

Later in the week, all eyes will be on the February employment report on Thursday. Westpac says jobs data should get another boost from the reopening of the NSW economy, which will see the unemployment rate drop again to 6.3 per cent.

And the main event of the week will on Wednesday night when the US Federal Reserve convenes for its policy meeting.

“Of particular interest to market participants will be if more FOMC members project a higher Fed Funds rate in 2023 than (they did) in December,” Allen said.

Trading Halts

The following companies are in trading halts and are expected to exit over the next two trading days:

Monday:

MetalsTech (ASX:MTC) – spin out of assets
Credit Intelligence (ASX:CI1) – capital raising
Xstate Resources (ASX:XST) – drilling update
Sacgasco (ASX:SGC) – drilling update
Accent Resources (ASX:ACS) – ASX query
Theta Gold Mines (ASX:TGM) – capital raising
EQ Resources (ASX:EQR) – capital raising
ECS Botanics (ASX:ECS) – capital raising
Vortiv (ASX:VOR) – capital return

Tuesday:

King Island Scheelite (ASX:KIS) – capital raising
Story-I (ASX:SRY) – capital raising
Incannex Healthcare (ASX:IHL) – research program launch

Markets

Gold: $US1,726.57 ($2,226.33) (+0.30%)

Silver: $US25.90 ($33.40) (-0.69%)

Oil (WTI): $US65.55 (-0.71%)

Oil (Brent): $US69.18 (-0.65%)

Coal: $US85.70 (+2.45%)

Iron 62pc Fe: $US168.26 (-1.76%)

AUD/USD: $US0.7750 (+0.09%)

Bitcoin: $US59,682.43 (-2.13%)

What got you talking last week

Plenty of stuff, as usual. From construction technology to rising inflation, to which ASX medtech stocks will benefit from the global vaccine rollout and which will benefit from the ‘great reopening’.

But a Rise & Shine summary doesn’t do justice to Stockhead editor Peter Farhquhar’s weekly wrap of all the key articles that ASX investors really should be reading. Catch up here.

To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.

Also, be sure to check in at 10.20am each day for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.

Last week’s winners

Stocks highlighted in yellow made market moving announcements
CODECOMPANYWEEKLY RETURN %LAST SHARE PRICE [INTRADAY FRI] MARKET CAP
ONEOneview Healthcare1200.165 $ 31,823,031.68
ASOAston Minerals1090.073 $ 55,788,635.46
BRKBrookside Energy710.024 $ 34,680,630.45
CXMCentrex Metals630.067 $ 21,627,438.66
TPDTalon Petroleum600.008 $ 37,462,526.68
AVRAnteris Technologies5013.5 $ 88,021,960.20
APGAustpac Resources500.003 $ 9,496,988.87
PBXPacific Bauxite500.003 $ 1,189,842.10
VMGVDM Group500.003 $ 20,782,982.86
PSLPaterson Resources490.055 $ 16,802,928.19
AQCAuspaccoal440.18 $ 9,087,265.80
PH2Pure Hydrogen Corp420.355 $ 39,877,727.92
PRLProvince Resources420.115 $ 102,107,177.40
AVWAvira Resources400.007 $ 8,250,240.00
DCLDomacom380.098 $ 29,967,793.77
CCECarnegie Clean Energy380.055 $ 52,315,012.79
BD1Bard1 Life Sciences363.82 $ 290,182,101.99
DW8Digital Wine Ventures350.105 $ 166,329,930.30
CTTCettire341.22 $ 425,080,615.30
RFXRedflow340.079 $ 86,447,279.95
BASBass Oil330.002 $ 6,684,280.19
MCTMetalicity330.016 $ 28,273,988.08
MRDMount Ridley Mines330.004 $ 11,641,872.97
VPRVolt Power Group330.004 $ 36,678,134.23
SHEStonehorse Energy330.028 $ 13,861,286.91
ALGArdent Leisure Grp330.795 $ 364,576,572.16
HSNHansen Technologies325.57 $ 1,081,345,208.52
VIAViagold Rare Earth310.08 $ 6,664,992.32
AQSAquis Entertainment290.355 $ 11,072,944.56
CAVCarnavale Resources290.009 $ 18,380,072.73
KP2Kore Potash PLC290.018 $ 4,719,218.65
TMKTamaska Oil Gas290.009 $ 8,460,000.00
IVZInvictus Energy280.105 $ 49,811,981.84
EXRElixir Energy280.3 $ 214,649,488.55
LV1Live Verdure280.255 $ 10,006,812.75

Last week’s losers

CODECOMPANYWEEKLY RETURN %LAST SHARE PRICE [INTRADAY FRI] MARKET CAP
CHKCohiba Minerals-600.017 $ 23,637,875.30
OXXOctanex-400.015 $ 3,642,357.60
MEMMemphasys-380.06 $ 45,586,432.80
TOMTomizone-330.002 $ 850,401.35
TASTasman Resources-280.072 $ 47,058,724.48
PCLPancontinental Oil-250.0015 $ 9,010,073.23
PCHProperty Connect-250.0015 $ 1,028,795.21
MAGMagmatic Resources-250.105 $ 19,296,113.87
TMHThe Market Herald-250.45 $ 85,712,677.65
GALGalileo Mining-250.255 $ 34,344,289.20
MHIMerchant House-230.046 $ 4,336,258.82
ARCAust Rural Cap-230.23 $ 3,424,280.48
FZRFitzroy River Corp-230.12 $ 14,897,353.84
ATRAstron Corp-220.32 $ 39,192,664.96
AJLAJ Lucas Group-220.029 $ 35,888,599.05
BLYBoart Longyear-210.48 $ 42,485,664.00
BMGBMG Resources-210.068 $ 16,799,416.06
FFRFirefly Resources-210.115 $ 34,619,546.18
AERAeeris-200.096 $ 5,757,490.37
CYQCycliq Group-200.002 $ 4,607,385.13
NCRNucoal Resources-200.008 $ 6,917,511.19
EZZEZZ Life Science-200.82 $ 10,440,000.00
CAECannindah Resources-190.034 $ 10,473,654.00
CI1Credit Intelligence-180.04 $ 58,073,000.19
FMSFlinders Mines-181.3 $ 235,543,764.92
ESREstrella Resources-180.059 $ 53,575,642.72
CAPCarpentaria Resources-180.033 $ 10,201,373.59
SFMSanta Fe Minerals-170.095 $ 6,917,784.96
SUPSuperior Lake Resources-170.145 $ 26,289,784.80
8VI8Vi Holdings-172.25 $ 87,713,774.64
NMRNative Mineral Resources-170.27 $ 7,779,645.00


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Incannex teams up with Monash University and the NFL in exciting new study for its proprietary concussion treatment

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The new study could accelerate the pathway to Phase 2 clinical trials for IHL’s proprietary drug treatment.

Clinical-stage cannabis and psychedelic biotech Incannex Healthcare (ASX:IHX) has been steadily building the development pathway to test the effectiveness of its IHL-216A in the treatment of sports concussion.

And this morning, the company announced that it’s partnering with a leading research team at Monash University for the next phase of testing.

Working with the Monash Trauma Group at the university’s Department of Neuroscience, the study will test the protective effect of IHL216A, using a unique model developed in conjunction with the US National Football League (NFL).

The NFL concussion model study marks the next step in the testing pathway for IHL-216A, after an in vivo study on rodents in December confirmed the drug’s capacity to protect against secondary brain injuries.

Commenting on the partnership with Monash, IHL CEO Joel Latham said using well-recognised animal study will allow the company to accelerate its development pathway as it moves towards pivotal clinical trials required by the US FDA.

“Furthermore, the company will collect additional data from an animal study that it would not be able to compile in human studies,” Latham said.

“This additional data will inform the design and end points of our pivotal clinical trials.”

The IHL-216A treatment combines cannabidiol (CBD) with an anaesthetic agent to help reduce trauma and inflammation from head injuries.

As part of the Monash Trauma Group study, the team will test the effectiveness of IHL-216A against isolated agents including CBD and isoflurane.

Previous studies indicated that IHL-216A outperformed CBD in reducing neuronal damage in post-mortem Nissl staining analysis of brain tissue by 53% for CA1 and 60% for CA2 in the hippocampal region of the brain.

Using the model developed by the NFL, the study will replicate the collision mechanics of sports-related concussions, scaled at a level for lab rodents.

The new study has been designed in accordance with Good Laboratory Practices, and a successful result will allow IHL to move straight to Stage 2 clinical trials, the company said.

The Monash Trauma Group comprises a leading team of scientists with different specialities, researching advanced solutions for different trauma-related conditions.

A key focus for the group is the prevention and treatment of traumatic brain injury (TBI), using both animal model and patient studies.

The IHL-216A study will be led by Dr Stuart McDonald, an expert in fluid biomarker development for monitoring TBI.

Due to its potential use-case in elite sport, IHL-216A has been designed to satisfy World Anti-Doping Authority (WADA) and Australian Anti-Doping Authority’s (ASADA) specifications for use by athletes at risk of high-impact brain injuries.

Incannex has also filed an International Patent Application entitled “Compositions and methods for the treatment or prevention of traumatic brain injury” as part of the IHL-216A development program.

This article was developed in collaboration with Incannex Healthcare, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Incannex teams up with Monash University and the NFL in exciting new study for its proprietary concussion treatment appeared first on Stockhead.

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