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PHYX-002 is a preclinical drug candidate that originated from Phytanix Bio's pipeline. It was acquired by Protagenic Therapeutics as part of an all-stock reverse merger transaction. This asset is one of five drug candidates being considered for development across multiple therapeutic areas, including neurology, psychiatry, obesity, urology, and inflammation. The former owners of Phytanix Bio, Alterola Biotech and EMC2 Capital, hold an irrevocable option to repurchase PHYX-002 and other related assets.
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