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My Md Pharmaceuticals announced it raised $15.2 Million in an initial filing from an offering of $15.2 Million

May 31, 2024over 1 year ago

Amount Raised

$15.2 Million

BaltimoreBiopharmaTherapeuticsPharmaceuticalBiotechnology

Company Information

Company

MyMD Pharmaceuticals

Location

Baltimore, Maryland, United States

About

MyMD Pharmaceuticals, Inc. (Nasdaq: MYMD), a clinical stage pharmaceutical company committed to extending healthy lifespan, is focused on developing two novel therapeutic platforms that treat the causes of disease rather than only addressing the symptoms. MYMD-1 is a drug platform based on a clinical stage small molecule that regulates the immune system to control TNF-α, which drives chronic inflammation, and other pro-inflammatory cell signaling cytokines. MYMD-1 is being developed to delay aging, increase longevity, and treat autoimmune diseases. The Company’s second drug platform, Supera-CBD, is being developed to treat chronic pain, addiction and epilepsy. Supera-CBD is a novel synthetic derivative of cannabidiol (CBD) and is being developed to address and improve upon the rapidly growing CBD market, which includes both FDA approved drugs and CBD products not currently regulated as drugs.

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