spiny Posted April 5, 2012 Share Posted April 5, 2012 Just received this via email. Dear Friends, Thank you for registering with us as one of over 700 people who are awaiting BOL-148 to treat their cluster headache (and thanks to the migraine people as well). This is our first communication and on behalf of Entheogen I would like to provide some updates and answer some recurring questions. We are still trying to get enough funding for our 9-month ADME/Tox animal safety study, which is required before we can launch our Phase II clinical trial at 10 centers in Germany and Austria. While we have some investors, we cannot proceed until we source all the required funds. It's difficult to ask people suffering these terrible headaches to be patient and wait for clinical approvals, and the regulatory process is often not viewed very favorably, however it is a necessary evil that keeps thousands of dangerous substances from being sold without any scientific evidence that demonstrates safety and efficacy. Between the economy and the Life Science industry, we are trying to raise money during the most challenging time in history. Overall, venture capital and Big Pharma are looking for platform technologies and are moving away from small companies with a single chemical entity, and if there is an interest then there is a preference for late stage clinical assets. This is unfortunate because there are no platforms working on cluster headache or migraine, and while several startup companies have raised large sums from VC, they are all working on abortives and there appears to be no innovation to get excited about. We have been in contact with Big Pharma who has consistently told us to come back to them once we have Phase II results to show. For the time being they are content to sell abortives, where they are heavily invested, and ignore innovation. We did receive a VC offer last September, which has been crawling through a long and tedious due diligence process that has not turned up anything bad regarding our company or our product. While this transaction may close in 3-months, we are also pursuing other options and are in discussions with 4 mid-sized pharma companies regarding a collaboration. We are still talking to new investors and we are confident that we will get our funding this year. Many of you have asked how you can join our clinical trials? When we announce the start of our trial everyone who has registered at our site will be notified. As of now, the upcoming trial will only be in Germany and Austria and there is no additional information available. We have also been frequently asked if we can help with your cluster headache? While we are doing everything we can, unfortunately there is not much we can do for anyone individually. We are a small 3-person company with limited funds and do not have the time and resources to respond to people's personal requests. Our mission is to get BOL-148 approved for human consumption, and this will take an unpredictable length of time. In the meantime, if you are not familiar with www.clusterbusters.com you may want to take a look and see how members of this community have been finding relief. We are eager to get our clinical trials started as quickly as possible, and we know how difficult it is for everyone suffering these sinister headaches. We greatly appreciate your strength and courage, your support and patience, and look forward to eventually ridding the world of cluster headaches together. Sincerely, Ari Mello, CEO www.entheogencorp.com Quote Link to comment Share on other sites More sharing options...
Pixie-elf Posted April 5, 2012 Share Posted April 5, 2012 Wow! Yay endorsement! Quote Link to comment Share on other sites More sharing options...
spiny Posted April 5, 2012 Author Share Posted April 5, 2012 It has been months since I signed up with them, so I was tickled to get an update and see us noted in the letter. 8-) Imagine, just THREE people there trying to get this off the ground. Just wish I had some VC to invest with them! :'( Quote Link to comment Share on other sites More sharing options...
Arde Posted April 6, 2012 Share Posted April 6, 2012 Quote Just wish I had some VC to invest with them! First, do some deep checking to make sure they're even legitimate. What the hell, I could have sent that e-mail. Step 1-Send me some money. Quote Link to comment Share on other sites More sharing options...
spiny Posted April 6, 2012 Author Share Posted April 6, 2012 Arde, Nope. I am broke. They are legit. Back track and you will find out that they are the ones trying to get us BOL-148 for treating CLUSTER HEADACHES. I contacted them about the time I joined this board. Big concern right now is that the Germans will buy them out and we will have to wait a helluva long time for BOL-148. Sorry more people didn't respond to this. It is news. edit to add: If I am wrong, then I would appreciate someone who knows Entheogen telling me that I am wrong and being dupped. > Quote Link to comment Share on other sites More sharing options...
Dallas Denny Posted April 6, 2012 Share Posted April 6, 2012 Spiny, you are neither wrong, nor are you being duped!! I met Ari and his partner Dr John Halpern at the clusterbusters conference in Portland and they ARE the real deal!! DD Quote Link to comment Share on other sites More sharing options...
Arde Posted April 7, 2012 Share Posted April 7, 2012 Glad they're legit. Unfortunately we're living in a world filled with scams. I'm aware of companies that have been in business for decades doing nothing more than spouting BS in order to procure funds for research. They pay themselves well, but never produce anything but more BS.Truth and honesty seem to have gone the way of the horse and buggy. Theirs still a little of it, but not nearly enough. Quote Link to comment Share on other sites More sharing options...
Hipshot Posted April 25, 2012 Share Posted April 25, 2012 4 shizzle ;D Quote Link to comment Share on other sites More sharing options...
spiny Posted April 26, 2012 Author Share Posted April 26, 2012 Good to hear you Dan! Dummy here. Whatchasaying dude???? Guess I have been living in the 'near North for tooooo long! Quote Link to comment Share on other sites More sharing options...
1961mom Posted April 30, 2012 Share Posted April 30, 2012 Spiny you can go to their site and add your name to the list too! http://www.entheogencorp.com/ And if you know anyone with 100 mil laying around send them the link too! LOL 8-) Quote Link to comment Share on other sites More sharing options...
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