PharmAla Biotech reports over $1 million in revenue, patents two new molecules, and improves financial health.

PharmAla Biotech Holdings, a company specializing in MDMA research, reported a 95% increase in revenue to over $1 million for fiscal 2024. The company secured patents for two new molecules, APA-01 and ALA-002, and moved from British Columbia to Ontario. PharmAla also improved its financial health, showing a $605,000 improvement in adjusted EBITDA and raising $1.56 million through a private placement offering.

3 months ago
3 Articles

Further Reading