🔥 $MIRA Exciting News for Mira Pharmaceuticals! 🔥
We're excited to share that Elemer Piros, PhD, from Rodman & Renshaw has initiated coverage of MIRA Pharmaceuticals with a Buy rating and a 12-month price target of $17 per share!
Key catalysts from the report:
🚀 Advancing Toward Clinical Trials: Our innovative drug candidates—Ketamir-2 (a next-gen, orally bioavailable ketamine analog) and MIRA-55 (a breakthrough cannabis analog)—are progressing rapidly, with Ketamir-2 set to enter the clinic for neuropathic pain in early 2025.
💡 Ketamir-2 is an unscheduled drug with significant potential as an oral, non-opioid pain management solution, addressing the critical need for alternatives to opioids in light of the ongoing opioid crisis. It's positioned to deliver at-home relief with its superior bioavailability.
🌿 MIRA-55, our second candidate, is a novel chemical entity that combines the therapeutic effects of THC and CBD without the side effects, targeting anxiety and cognitive enhancement. An IND filing for MIRA-55 is planned by year-end 2025, marking another significant milestone on the horizon.
🔍 With the opioid crisis costing the U.S. economy over $1 trillion annually, Mira is committed to offering safe, effective, and innovative non-opioid therapies. Our valuation is driven by the potential future cash flows from Ketamir-2 and beyond, with analysts estimating a $425M NPV through 2044.
This is just the beginning—our pipeline is filled with promise, and we’re dedicated to transforming the landscape of pain and psychiatric treatments. Stay tuned for more updates as we push forward in this critical mission.
#Biotech #Pharma #Innovation #Opioidcrisis #Clinicaltrials #Painmanagement #Mentalhealth #MIRA #Ketamir2 #MIRA55 #neuropathicPain #Depression #PTSD #FDA