Psychedelics Transition from Experimental Treatment to Major Pharmaceutical Industry - Seite 3

The first public company to gain FDA approval for a psychedelic-based treatment was pharmaceutical giant Johnson & Johnson (NYSE:JNJ). The company's Spravato esketamine nasal spray, which is used in conjunction with an oral antidepressant to treat treatment-resistant depression (TRD), gained FDA approval in March 2019.

Several other novel drug developers have since followed suit thanks to growing interest in the sector.

In June 2020, Numinus Wellness Inc. (TSXV:NUMI) (OTCPK:LKYSD) became the first publicly-traded company in Canada to be granted a licence by Health Canada to conduct research to standardize the extraction of psilocybin from mushrooms. This approval allows the company to move forward with the production of naturally-sourced psilocybin from mushrooms to support psychedelic-assisted therapy and research at lower costs than the currently-produced synthetic psilocybin.

Mydecine Innovations is preparing to start its Phase 2a clinical trials of psilocybin-assisted psychotherapy to treat chronic PTSD in veterans and EMS personnel. The trials will be conducted at Leiden University Medical Centre in the Netherlands, the University of Western Ontario, and the University of Alberta, but the company is also exploring additional trial sites across North America including Los Angeles, New York, Boston and Ottawa.

For more information on Mydecine Innovations Group Inc, please visit this link.

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