Pretty much. Idronoxil the active ingredient in Veyond was discovered way back in 1990s it 20 year patent expired in 2017 I believe. Its proven safety back then was well and truly .established. Nox66 the new delivery was invented back in 2012. Again its safety has been established in quite a few phase I trials already. Thus another IND though a milestone is not all that a big deal with this drug's history. A phase one trial is just that......YAWN!!!!!!
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