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As psychedelics draw closer to legalization, companies in the industry have yet to figure out the most efficient and cost-effective way of producing psilocybin and other molecules on a commercial scale. To date, the industry has not reached a consensus as to the most effective production method to be used, once demand moves beyond clinical trials. PsyBio Therapeutics (TSXV:PSYB), a biotech company that uses genetically modified bacteria to biosynthesize psychedelic molecules, might have the answer to one of the industry’s most overlooked conundrums. Making Psilocybin From Bacteria PsyBio is a company that was structured around newly discovered technology, especially after its CEO met a certain scientist in Ohio. ....
Alkermes, a biopharmaceutical company, benefits from profitable drugs and royalties, but a “bloated cost structure” keeps it from being profitable. ....
PsyBio Therapeutics Corp is developing psychoactive compounds which could be a mental health game changer proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.