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AP-188 (N,N-dimethyltryptamine) is a tryptamine, non-selective agonist for 5HT2a receptor and produces hallucinogenic effects similar to those of other psychedelics like LSD, ketamine, psilocybin and psilocin. It is being investigated for ischemic stroke.
Lead Product(s): Dimethyltryptamine
Therapeutic Area: Neurology Product Name: AP-188
Highest Development Status: Phase I Product Type: Small molecule
Partner/Sponsor/Collaborator: Not Applicable
Deal Size: Not Applicable Upfront Cash: Not Applicable
Deal Type: Not Applicable August 08, 2023
Details:
The capital raised will be used for research, development, and program management costs related to the completion of the Phase 1 DMT (N, N-dimethyltryptamine) study currently underway as well as Phase 2a stroke and traumatic brain injury (TBI) studies.
Lead Product(s): Dimethyltryptamine
Therapeutic Area: Neurology Product Name: DMT
Highest Development Status: Phase I Product Type: Small molecule
Partner/Sponsor/Collaborator: Dalmore Group
Deal Size: $10.0 million Upfront Cash: Undisclosed
Deal Type: Public Offering April 03, 2023