Odyssey Health, Inc. announced the successful completion of safety measures for their Phase I Multi-Day Ascending Dosing (MAD) clinical trial. Odyssey's trial involves administering PRV-002, the Company's novel drug to treat concussion, to healthy human subjects. For MAD Cohort I, the drug was safe and well tolerated.

Cohort I of the MAD trial was conducted at Nucleus Network, a leading clinical research organization. Cohort I findings were evaluated by the Safety Review Committee. Eight healthy human volunteers received one dose of PRV-002 or placebo for five consecutive days followed by evaluations for abnormal responses.

No severe adverse events were noted as PRV-002 was well-tolerated. Vital signs, EKG readings and breathing function were all normal. Blood labs showed no alterations associated with multi-day PRV-002 treatment.

Pharmacokinetic analysis showed adirect linear relationship between drug dosing concentration and blood plasma levels for each of the five days of dosing. There was no appreciable accumulation of the drug with consecutive day treatments. Blood levels of PRV-002 were significantly lower on average with intranasal administration than what would be expected with other routes of delivery.

Odyssey is currently selecting clinical sites and developing the Phase II Investigator's Brochure for the Phase II trial. Concussions represent an ‘unmet' medical need and affect millions worldwide. A single concussion can significantly increase the risk of developinga mental health disorder in youth.

The global market for concussion treatment was valued at $6.9 billion in 2020 and is forecasted to reach $8.9 billion by 2027, according to Grandview Research. Common settings for concussion include contact sports, military training and operations, motor vehicle accidents, children at play and falls in elderly assistive-living facilities.