Relmada Therapeutics Faces Setbacks in Depression Trials and Explores Strategic Alternatives

Relmada Therapeutics has decided to halt its RELIANCE II and Relight trials for REL-1017, a treatment intended for major depressive disorder, after a futility assessment by an independent Data Monitoring Committee indicated that the trials were unlikely to meet their primary efficacy endpoints[1][2]. These phase 3 trials had enrolled approximately 340 patients each and were part of Relmada's broader effort to establish REL-1017 as an effective adjunctive treatment for MDD[1]. The decision comes in the wake of previous failures with REL-1017, including the RELIANCE III trial, which failed to surpass the placebo effect[1].
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What specific strategic alternatives is Relmada Therapeutics considering to enhance shareholder value after the trial setbacks?
How does Relmada plan to overcome the challenge of the placebo effect which impacted the REL-1017 trials?
What are Relmada's expectations and goals for the REL-P11 Phase 2 study targeting metabolic diseases?
What factors contributed to the decision to halt the RELIANCE II and Relight trials for REL-1017?
How does Relmada's decision to focus on REL-P11 align with industry trends in depression drug development?