Companies

Defense Dept. Backs Ketamine Study by Seelos Therapeutics for PTSD Treatment

Published November 28, 2023

In an ambitious move to address post-traumatic stress disorder (PTSD) among military personnel, the Department of Defense (DoD) Health Agency is stepping into the realm of novel psychological treatments. A substantial adaptive platform trial funded by the DoD will assess the efficacy of an alternative PTSD treatment developed by Seelos Therapeutics, Inc. SEEL, a clinical-stage biopharmaceutical firm. The study is set to involve approximately 600 participants, encompassing both active-duty service members and veterans.

Innovative Treatment Prospects

At the heart of the study is SLS-002, an intranasal racemic ketamine formulation. Seelos Therapeutics, whose efforts revolve around inventing and evolving treatments for central nervous system disorders and other ailments, is poised to possibly revolutionize care for PTSD sufferers. The use of ketamine, which has shown promise in various mental health settings, may offer a beacon of hope for those battling the invisible scars of service.

Seelos Therapeutics at the Forefront

With headquarters firmly planted in New York, New York, Seelos Therapeutics SEEL has committed itself to addressing a spectrum of disorders through cutting-edge therapies. The DoD's choice to fund Seelos' research reflects a significant level of confidence in the company's potential to deliver tangible, therapeutic advancements—especially in an area with such profound implications for mental health as is the case with PTSD in service members and veterans.

Implications for Investors

For investors, the involvement of the Defense Dept. marks a pivotal moment. The backing of such a reputable institution provides a layer of credibility to Seelos Therapeutics' work and may signal a pivotal shift not only in PTSD treatment but also in the trajectory of the company's stock. As the trial progresses and results trickle in, the market will be watching, with SEEL stock potentially reacting to both the scientific and commercial implications of the study's outcomes.

PTSD, ketamine, trial