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PsyBio Therapeutics Establishes Research and Development Laboratory to Facilitate Portfolio Development Progress

Headline Highlights: Miami and Miamians in the news in October

Miami University licenses the manufacturing of psychedelic drugs

Psilocybin shows promise for treatment of anxiety, depression, PTSD, traumatic brain injury and possibly Alzheimer's disease.

Why it s high time for psychedelic drug development

Why it s high time for psychedelic drug development
europeanpharmaceuticalreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from europeanpharmaceuticalreview.com Daily Mail and Mail on Sunday newspapers.

Researchers at Miami University awarded a US$1 5 million grant to expedite neuropsychiatric drug development

Article content “The initial collaboration between PsyBio and Miami University has resulted in the discovery and scaled production of two medically relevant tryptamine molecules that are naturally present in psychoactive magic mushrooms, psilocybin and norbaeocystin,” said CEO Evan Levine, chairman of PsyBio. Now work at the lab will center around the development of microbes that produce a range of medically relevant organic compounds. “We are extraordinarily fortunate to have the resources and relationships at Miami University to attract institutional investment capital that is interested in advancing a paradigm shift in the treatment of mental health,” said J. Andrew Jones, a professor in the university’s Department of Chemical, Paper and Biomedical Engineering and chairman of PsyBio’s Scientific Advisory Board.

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