NewsRoom Articles - Page 76 of 154 - PsychedelicNewsWire (PNW)

TuesdayDec 07, 2021 2:15 pm

Atai Life Sciences (NASDAQ: ATAI) Increases Stake in Psychedelic Start-Up Compass Pathways

Atai Life Sciences (NASDAQ: ATAI), a clinical-stage biopharmaceutical company whose objective is to transform how mental health conditions are treated, has increased its stake in Compass Pathways. Compass Pathways (NASDAQ: CMPS) is a mental health care company that is focused on improving the lives of patients with mental health disorders. Atai, which is already the biggest shareholder of Compass Pathways, purchased more than 619,000 additional shares in Compass Pathways, increasing its stake in the company to 20.8%. The Peter Thiel-backed biopharmaceutical start-up bought each share at roughly $31 and paid a total of about $12 million. A source close to…

TuesdayDec 07, 2021 11:13 am

Mydecine Innovations Group Inc. (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA) Finishing Up Significant 2021 Calendar Year

2021 marked Mydecine’s patent application for its MYCO-003 drug candidate It also marked notable clinical trials on various aspects, including smoking cessation Mydecine also got into a 5-year research agreement with JHU for clinical research on the use of psychedelics for therapeutics These milestones have laid down the groundwork, not just for Q3 of the 2021 financial year but also for the company’s growth in the 2022 calendar year Mydecine Innovations Group (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA), since its inception in 2020, has been aiming to transform the treatment of mental health disorders and addiction through biotechnology. The company…

MondayDec 06, 2021 3:45 pm

UBC Study Shows Psychedelic Drug Microdoses Show Promise Against Mental Illnesses

Psychedelic substances have been used for centuries among the pre-Columbian Aztec and Mayan societies as well as indigenous peoples of the Americas, which include the Huichol and the Mazatec. The use of smaller doses of psychedelics in societies such as the Mazatec people to support the healing of various physical conditions is common despite scanty documentation on it. Microdosing refers to the practice of consuming small doses of a psychedelic substance to benefit from it while minimizing the drug’s undesirable side effects. For years, researchers have conducted studies on psychedelic microdosing in order to learn its benefits, with a recent…

MondayDec 06, 2021 10:47 am

FDA green lights Tryp Therapeutics Inc. (CSE: TRYP) (OTCQB: TRYPF) Psychedelic Drug Trial for Treating Fibromyalgia, After Completing IND Process

Pharmaceutical company Tryp Therapeutics is advancing research into the ability to treat unmet medical needs by using synthetic psychedelic drug candidates generally regarded as illegal and of no practical value under federal drug standards The company is demonstrating its faith in the potential of psychedelic medicine by advancing its proprietary TRP-8802 psilocybin candidate toward Phase 2a drug trials through the FDA’s Investigational New Drug process The FDA has notified the company that its review of the IND for using TRP-8802 to treat fibromyalgia is complete and a trial planned in conjunction with the University of Michigan may proceed to patient…

FridayDec 03, 2021 2:30 pm

Former Texas Governor Promotes Research on Psychedelics for Veterans

Recently, the former governor of the state of Texas, Rick Perry, joined reform advocates and leading scientists at the Strength in Numbers gala. The event, which was centered on promoting studies on the therapeutic potential of substances such as MDMA and psilocybin for veterans, was hosted by Veterans Exploring Treatment Solutions. Earlier this year, Perry also advocated for a measure to study the medical use of psychedelic substances for veterans. During his remarks at the gala, Perry revealed that various experiences prompted him to look beyond the state for assistance, including one where he met a young military veteran with…

ThursdayDec 02, 2021 1:30 pm

Studies Find That Classic Psychedelics Aren’t Addictive

Pharmacologists at the University of Michigan Medical School tested psilocybin’s addiction potential in a study conducted in 2004. The study involved a cohort of rhesus monkeys, one-half of whom were injected with a dose of psilocybin, with the remainder hooked up to levers that injected them with a saline solution when pressed. In experiments similar to this, monkeys have often pressed levers that inject drugs, including MDMA, cocaine and heroin. For this study, however, the researchers observed that while some monkeys didn’t go for a second dose of the psychedelic compound, others administered the compound until they were intoxicated. In…

ThursdayDec 02, 2021 9:30 am

Cybin Inc. (NEO: CYBN) (NYSE American: CYBN) Touts Highlights of ‘Transformative’ Second-Quarter Performance

Report notes significant and swift advancements in company R&D pipeline and overall business Preliminary data indicates CYB003 may provide significant treatment benefits that address limitations of oral psilocybin CYBN programs and new psychedelic chemical entities have potential to transform treatment landscape for various psychiatric and neurological conditions Q2 2021 has been a transformative quarter for Cybin (NEO: CYBN) (NYSE American: CYBN), a biopharmaceutical company focused on progressing psychedelics to therapeutics(TM). The company released its financial and operational report for the period recently, with notable company milestones and achievements highlighted (https://ibn.fm/ucAed). “The first half of the year has been a transformative period…

WednesdayDec 01, 2021 2:00 pm

Psychedelics May Alter How People View the Universe

Research on psychedelic substances has led to the discovery of the numerous benefits that these substances possess, which could be utilized in the treatment of various mental health conditions. A recent study has found that psychedelic substances can alter an individual’s beliefs on metaphysics. Metaphysics refers to a branch of philosophy that focuses on “being.” Some believe that every individual has metaphysical beliefs, whether they are conscious of those beliefs or not. Sharpening an individual’s understanding of metaphysics can be achieved with different techniques, including meditation. Having a near-death experience may also sharpen one’s understanding of the same. In an…

WednesdayDec 01, 2021 9:30 am

Mydecine Innovations Group Inc. (NEO: MYCO) (OTC: MYCOF) (FSE: ONFA) Releases Q3 Update, Details JHU Five-Year Research Agreement

Mydecine’s recent Q3 update includes the company’s five-year research agreement with Johns Hopkins University School of Medicine, which will cover clinical research related to the therapeutic use of psychedelics Mydecine has also filed for various patents on proprietary compounds within the company’s IP portfolio In addition, an updated version of the company’s virtual health platform, Mindleap 2.0, was released in Q3, enhancing user experience, infrastructure improvement, and expansion of overall content Mydecine Innovations Group (NEO: MYCO) (OTC: MYCOF) (FSE: ONFA), a company that focuses on bio- and digital technology that aims to transform the treatment of mental health and addiction…

TuesdayNov 30, 2021 3:00 pm

Psychedelics Firms Race to Shorten Therapeutic Trips’ Duration

Research on psychedelics has grown tremendously these past few years, as more about potential health benefits are discovered. For instance, substances such as psilocybin and MDMA have shown potential in the treatment of various conditions, including post-traumatic stress disorder and depression. Some research has shown that these substances may be even more effective than current treatments for these conditions, which can take weeks to begin working. The primary downside of these substances is the duration of psychedelic trips, which drug=development and biotech companies are working to make shorter. Normally, psychedelic trips range between 4 to 12 hours, depending on the…

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