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Mira Pharmaceuticals files for IPO in busy week for deals

Cannabis-focused Mira Pharmaceuticals Inc. on Thursday filed for an initial public offering, the latest in what has been a busy week for IPOs. The company, an early pre-clinical stage pharma developer, said it is developing a “new molecular synthetic THC analog” for treatment of adults with anxiety and cognitive issues associated with early-stage dementia. The company plans to trade on the Nasdaq Capital Market under the ticker symbol “MIRA.” “Our drug candidate, MIRA1a, if approved by the FDA, may be a significant advancement in the treatment of neuropsychiatric, inflammatory, and neurologic diseases and disorders,” the company said in its prospectus. The company has no sales, and put up a net loss of $1.3 million and a deficit of $10.6 million for the three months ended March 31. It lost $7.1 million last year.

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