XM does not provide services to residents of the United States of America.

US FDA widens probe of based drug studies, WSJ reports



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>US FDA widens probe of MDMA-based drug studies, WSJ reports</title></head><body>

Aug 23 (Reuters) -The U.S. FDA is ramping up its investigation of the clinical trials that tested an MDMA-based therapy, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The Food and Drug Administration investigators this week interviewed four people about the clinical trials sponsored by Lykos Therapeutics, the report said.

Lykos did not immediately respond to a Reuters request for comment, while the FDA could not immediately be reached.

Commonly known as ecstasy or molly, MDMA has long been seen by advocates as a potential treatment for mental health disorders and to have therapeutic applications beyond its illicit use.

Lykos had said earlier this month the FDA declined to approve the therapy based on the mind-altering drug for patients with post-traumatic stress disorder and asked the company to conduct an additional late-stage trial to further study its safety and efficacy.

The company had then said it plans to request a meeting with the FDA to ask for reconsideration of the decision and to discuss the agency's recommendations for a resubmission seeking approval for the MDMA capsules.

PTSD, a disorder caused by very stressful events, affects 13 million Americans and is commonly associated with war veterans. But natural disasters, abuse or other trauma may also trigger the condition in civilians.

Last week, Lykos said it would lay off 75% of its workforce, or about 100 employees, and founder Rick Doblin would leave the board.



Reporting by Manya Saini in Bengaluru; Editing by Shilpi Majumdar

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.