Tryp Therapeutics (CSE: TRYP) (OTCQB: TRYPF), a pharmaceutical company focused on developing psilocybin-based compounds for diseases with unmet medical needs, has received information from the U.S. Food and Drug Administration (“FDA”) confirming that the company can proceed with a phase 2a clinical trial evaluating the use of synthetic psilocybin for binge eating disorder. Earlier this year, the FDA had placed a clinical hold on the study. In response, Tryp submitted an amendment to its investigational new drug (“IND”) application and provided an update on the matter, which resulted in the removal of the clinical hold. “We are excited to move forward with our phase 2a clinical trial in binge eating disorder through our partnership with the University of Florida,” said Tryp Therapeutics CEO and chair Greg McKee in the press release. “Our dialogue with the FDA has been productive and has meaningfully improved the design of this study. This represents the second clinical study in 2021 that we have received authorization from the FDA to initiate.”
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About Tryp Therapeutics Inc.
Tryp Therapeutics is a pharmaceutical company focused on developing psilocybin-based compounds for the treatment of diseases with unmet medical needs through accelerated regulatory pathways. Tryp’s psilocybin-for-neuropsychiatric disorders, or PFN(TM) (“PFN”), program is focused on the development of synthetic psilocybin as a new class of drug for the treatment of chronic pain and other indications. The company has announced upcoming phase 2a clinical trials with the University of Michigan and the University of Florida to evaluate its drug products for fibromyalgia and overeating disorders, respectively. Tryp is also developing a proprietary psilocybin-based product, TRP-8803, that uses a novel formulation and method of delivery to improve the patient experience. For more information about the company, please visit www.TrypTherapeutics.com.
NOTE TO INVESTORS: The latest news and updates relating to TRYPF are available in the company’s newsroom at https://ibn.fm/TRYPF
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