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PharmAla Biotech forms new SPV Restora Neurosciences to develop novel MDXX molecule APA-01 for neurological treatments

Company Fundamentals
13 May 2026
GlobeNewsWire
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Bullish
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PharmAla Biotech has established a special purpose vehicle (SPV) called Restora Neurosciences in partnership with Aluvaris and Diteba to advance clinical and regulatory development of APA-01, a patented novel MDXX molecule targeting neurological conditions like traumatic brain injury and post-stroke rehabilitation. Restora will focus on filing an Investigational New Drug application with the FDA, supported by Diteba's bioanalytical services. This partnership model builds on PharmAla's prior success with Cortexa and aligns with recent U.S. federal priorities for accelerated treatment development in mental health and neurological trauma. PharmAla retains intellectual property rights and economic interests while Aluvaris leads capital raising to fund Restora's operations.

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