IGC Pharma Changes Fiscal Year End to December 31
IGC Pharma announced that its Board of Directors has approved a change in the Company's fiscal year end from March 31 to December 31, effective December 31, 2025. "This is a straightforward but important step in strengthening how we engage with U.S. investors," said Ram Mukunda, CEO of IGC Pharma. "Aligning our fiscal year with the calendar year improves clarity, comparability, and accessibility of our financial reporting. As we continue advancing our clinical and AI-driven programs, we want our reporting structure to reflect the standards and expectations of the U.S. public markets." As a result of this change, IGC Pharma will file a transition report on Form 10-K with the U.S. Securities and Exchange Commission covering the nine-month period from April 1, 2025, through December 31, 2025. Beginning in 2026, the Company will report financial results on a calendar-year basis.
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IGC Pharma Reaches 65% Enrollment Milestone in Phase 2 CALMA Trial for Alzheimer's Agitation
Trial Progress: IGC Pharma has achieved 65% patient enrollment in its Phase 2 CALMA trial for IGC-AD1, aimed at treating agitation in Alzheimer's disease, with a target of 146 participants.
Agitation in Alzheimer's: Agitation affects over 76% of Alzheimer's patients, leading to significant distress for both patients and caregivers, highlighting the need for new treatment options.
Therapeutic Potential: Interim analyses of IGC-AD1 have shown significant reductions in agitation, indicating its potential as a novel therapy for Alzheimer's dementia.
Recruitment Strategy: The trial's enrollment has been enhanced through a hybrid strategy, with 25% of participants recruited via social media and 75% through clinical sites, aiming for full enrollment by early 2026.
