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Revive Therapeutics brings psychedelic treatment and education to the Caribbean

Revive Collaborates With University of Health Sciences Antigua To Pioneer Clinical Research of Psychedelics

Revive Therapeutics Ltd. will partner with the University of Health Sciences Antigua (UHSA) to open a psychedelic treatment center in the Caribbean. The center will treat substance abuse disorders and other mental health conditions using Revive’s psilocybin oral thin film patch. As part of the agreement, UHSA will establish a Master’s in Psychedelic Medicine program for students wanting to learn more about the field.

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Patient overcomes childhood trauma through psilocybin therapy, easing her anxiety and fear of death

B.C. health researchers harness the ‘magic’ of psychedelic mushrooms

After beating cancer, Mona Strelaeff suffered from crippling depression and anxiety rooted in childhood trauma and a fear of death. She tried several anti-depressants with extreme side effects before receiving approval for psilocybin-assisted therapy. The experience allowed her to come to terms with childhood demons. “When [the doctor] gave me the treatment and I came out of it in a place of peace,” she said. “My anxiety was basically gone. And to this day I still feel at peace. I’m not afraid of death.”

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Research shows psilocybin’s potential to treat cocaine addiction and chronic pain

Magic mushrooms: UAB studying benefits for addiction and pain

Dr. Peter Hendricks, a researcher at the University of Alabama in Birmingham, found that patients given psilocybin saw significant and lasting reductions in cocaine use compared to patients given a placebo. He plans to continue studying psilocybin’s effect on addiction, as well as on chronic pain conditions like fibromyalgia. Hendricks explains that psilocybin disrupts repetitive thought patterns in the default mode network of the brain, the structures that engage in unfocused activities. “Suddenly your horizons are broadened, and broadened tremendously, and you’re thinking about something other than obtaining or using that drug (or worrying about your pain)”.

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Tryp Therapeutics (TRYP) aims to use psychedelics in eating disorder treatment

Dr. Jennifer Miller | Principal Investigator, Tryp Therapeutics

Tryp Therapeutics Inc. (TRYP), is conducting a phase 2 clinical trial that will investigate psilocybin’s effect on hypothalamic obesity conditions. Principal Investigator Dr. Jennifer Miller is confident that psilocybin therapy will reduce appetite drive, food-related anxiety, compulsive eating, and impulsive eating by rewiring neural pathways to alleviate the underlying psychiatric issues. She is hopeful that psilocybin could treat millions of patients with a wide range of previously untreatable, chronic conditions.

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Diamond Therapeutics begins study on very low doses of psilocybin

Diamond Therapeutics contracts BioPharma Services for Phase 1 clinical trial

While there have been few studies on microdosing psilocybin, Diamond Therapeutics Inc.’s preclinical research suggests that very low, non-hallucinogenic doses of psilocybin have potential for treating disorders like anxiety and depression. Diamond is now partnering with BioPharma Services Inc. to expand on this research in a new phase 1 clinical trial, which will explore a range of very low doses of psilocybin.

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Atai Life Sciences (ATAI) lists on NASDAQ, becomes third psilocybin company to list on major US stock exchange

atai Life Sciences Announces Pricing of Upsized Initial Public Offering

Atai Life Sciences (ATAI), a German biopharmaceutical company studying psilocybin treatment, began trading on the NASDAQ at $15 per share. Gross proceeds are expected to be $225 million. ATAI is the third psilocybin-focused company to go public on a major US stock exchange, following MindMed and Compass Pathways.

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Here to Serve Holding Corp. acquires stake in South Korean psilocybin company

Here to Serve Holding Corp. Acquires 15% Ownership in Kaiyon Biotech Inc., a Psilocybin Biotech Company

Here to Serve Holding Corp. (HTSC), a holding company that searches for undervalued assets, acquired a 15% non-dilutive stake in Kaiyon Biotech Inc. through its subsidiary, ICF Industries. Kaiyon Biotech Inc. is a South Korea based company that received approval from the Korean Food and Drug Administration (KFDA) to study the positive effects of psilocybin. President of ICF Industries says the doctors at Kaiyon are “early recipients” of the KFDA approval and believes that they are “amongst the best in the world”.

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Mydecine launches new AI drug discovery program

Mydecine Unveils Artificial Intelligence Drug Discovery Program

Mydecine Innovations Group (MYCO) partnered with the University of Alberta to launch a new AI drug discovery program that will make their research more efficient. The in-silico program uses machine learning and artificial intelligence to “rapidly screen hundreds of thousands of new molecules without the need to produce them, allowing Mydecine to focus on the strongest potential therapeutics”.

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Cybin targets general and social anxiety with new proprietary pyschedelic molecule

Cybin Selects Anxiety Disorder Indications for Proprietary Psychedelic Molecule CYB004

Cybin Inc. (CYBN) announced that their new psychedelic molecule called CYB004 will target social anxiety disorder (SAD) and general anxiety disorder (GAD). Cybin’s Chief Clinical Officer says that anxiety disorders have increased three-fold during the COVID-19 pandemic, increasing the global market size to an estimated US$1.15B for SAD and US$2.99B for GAD. Cybin hopes to tap into this market, as many patients do not respond well to current anxiety medications such as SSRIs and SNRIs.

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