• Revive Therapeutics has signed a letter of intent to acquire DiagnaMed's molecular hydrogen intellectual property portfolio, including an FDA Orphan Drug Designation for ALS treatment.
• The acquisition includes patent applications for novel pharmaceutical-grade hydrogen-producing compositions targeting various neurological conditions including Dementia, Parkinson's disease, and mental health disorders.
• The deal aims to accelerate development of molecular hydrogen therapy for ALS, which affects 50,000 patients in the US and Europe, with potential closing expected by March 31, 2025.