Therapix IPO on NASDAQ Could Catapult It into the Big Leagues

March 22, 2017 (Investorideas.com Newswire) Therapix Biosciences launches its IPO on NASDAQ on Wednesday, March 22, under the trading symbol TRPX. The Tel Aviv-based company specializing in the development and commercialization of cannabinoid-based treatments has a drug for Tourette Syndrome in Phase 2a trials and is additionally developing a drug for mild cognitive impairment. The IPO helps put it on a path to join much larger companies developing cannabinoid-based drugs.

Therapix Biosciences Ltd. (TRPX:NASDAQ; THXBY:TASE) begins trading on NASDAQ March 22 under the ticker TRPX; the initial public offering is estimated to raise approximately $12 million.

The company’s cannabinoid-based drug for Tourette Syndrome (TS) is in a proof-of-concept phase 2a trial at Yale University. The drug, THX-TS01, combines an FDA-approved synthetic THC—the main active ingredient in marijuana—called dronabinol with PEA, a substance that naturally occurs in food sources such as egg yolks and milk. PEA

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