Autism Awareness Puts Spotlight on Development of Innovative Therapies and Treatments for Youth Mental Disorders

PALM BEACH, Florida, April 25, 2017 /PRNewswire/ --

As National Autism Awareness Month comes to a close, industry leaders are aiming to keep momentum moving forward, through the development of unique treatments to combat debilitating youth brain diseases and mental disorders. Biotech and pharma companies developing treatments and therapies include Q BioMed Inc. (OTC: QBIO), Novartis AG (NYSE: NVS), Shire plc (NASDAQ: SHPG), Mylan N.V. (NASDAQ: MYL), Eli Lilly and Company (NYSE: LLY)

Q BioMed Inc. (OTCQB: QBIO) and ASDERA LLC today announce a licensing agreement that provides Q Biomed with the worldwide exclusive rights to ASDERA's ASD-002, which is being developed to treat a rare pediatric nonverbal disorder. Under the terms of the agreement, Q Biomed receives global rights to develop and commercialize the drug in the rare pediatric disease market.

Among the more than 60,000 US children who develop autism spectrum disorders (ASD) every year, 20,000 become nonverbal or lose the ability to speak. The numbers are similar in Europe and this nonverbal group will have to rely on assisted living for the rest of their life. Read this and more news for Q BioMed at: http://marketnewsupdates.com/news/qbio.html

Denis Corin, CEO of Q Biomed said, "Given the severity of this disorder, and the immense emotional toll on these children and their families, our goal is to move the product forward quickly, by using all the regulatory tools available to us to expedite the advancement of this drug candidate."

The cost for treatment and assisted living in the US alone can equal or exceed ten million dollars per patient over a lifetime. The estimated cost to the US healthcare system and lost productivity is estimated at 200 billion dollars each. Currently, there is no treatment for this disorder. EEG, behavioral, and genetic testing, can identify a much targeted population of children in their second year of life that we believe would respond to this treatment. "We are very excited about the potential of ASD-002 and hopefully this will allow thousands of children each year to develop speech and live independent and productive lives," added Corin.