** Shares of drug developer MIRA Pharmaceuticals MIRA.O rise 90% to $2.52 premarket
** Company says its experimental oral drug, Mira-55, eased pain and reduced swelling better than injected morphine in a pre-clinical animal study for chronic inflammatory pain
** Mira-55 brought pain levels back to normal and directly reduced inflammation by targeting the CB2 receptor - MIRA
** CB2 receptors are expressed in immune cells and are involved in the regulation of immune responses and inflammation
** Company says morphine only partially reduced inflammation
** Data supports marketing application plans for Mira-55 for chronic inflammatory pain - MIRA
** Up to last close, shares up ~16% YTD
(Reporting by Sahil Pandey in Bengaluru)
((Sahil.pandey@thomsonreuters.com))