- Acer Therapeutics Inc (NASDAQ:ACER) expanded ACER-801 (osanetant) into a new indication for the reduction of the frequency and severity of acute stress disorder and post-traumatic stress disorder (PTSD).
- The company says up to 20% of people who have experienced a traumatic event will develop PTSD leading to over 12 million adults in the U.S. who have PTSD during a given year.
- Studies conducted at Emory University screened thousands of genes activated in mice’s brains following fear conditioning events.
- The top gene identified was Tac2, responsible for producing the peptide Neurokinin B (NKB) in mice. The researchers showed that the Tac2 gene, expressed by neurons specifically within the amygdala, is required for modulating fear memories. NKB, and its specific receptor, NK3R, are also involved in consolidating fear memories.
- By administering the potent and specific NK3R antagonist, osanetant, they could block fear memory consolidation shortly after exposure to trauma.
- Acer licensed exclusive worldwide rights from Emory University to patents and patent applications for certain methods of treating or preventing PTSD with osanetant.
- Price Action: ACER shares are down 2.07% at $1.42 on the last check Wednesday.
Bitcoin, Ethereum, Dogecoin Fall Amid Liquidity Crunch Worries: Analyst Says King Crypto Could Hit Fresh All-Time Highs In 2023
Major cryptocurrencies were trading in the red on Monday evening as investors weighed the ongoing debt ceiling debate in the United States and concerns about liquidity in the global financial system.
