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(RVVTF) - Revive Therapeutics Acquires Rights To Psilocybin Assets For C$10M
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Life Sciences Company to Acquire Psychedelic Pharmaceutical Firm s Psilocybin Program
News Update
Streetwise Reports (12/22/20) Revive Therapeutics reported it has submitted a non-binding letter of intent to acquire 100% of PharmaTher Inc. s psilocybin program.
In a news release, specialty life sciences companyRevive Therapeutics Ltd. (RVV:TSX.V; RVVTF:OTCMKTS), which focuses on developing therapeutics for infectious diseases and rare disorders, announced that it has executed a non-binding letter of intent (LOI) to acquire the full intellectual property (IP) rights pertaining to the psilocybin assets owned by PharmaTher Inc., a wholly-owned subsidiary of Newscope Capital Corp. (PHRM:CSE; PHRRF:OTC Pink).
The firm noted that PharmaTher is a specialty life sciences company engaged in researching and developing psychedelic pharmaceuticals and it activities involve the discovery of novel applications for psychedelic medicines like psilocybin and ketamine combined with U.S