Psyence Biomedical Ltd. (PBM)
NASDAQ (CM) NASDAQ (CM) Primary Summary
CVS Health's Caremark to Lead CalPERS' PBM Vision: What's at Stake?
CVS wins a major CalPERS deal as Caremark replaces OptumRx, backed by $250M in performance guarantees and drug cost controls.
CVS Sues Arkansas Over Law Banning PBM Ownership Of Pharmacies
CVS Health Thursday sued the state of Arkansas, trying to thwart a law the healthcare company said would lead to the closure of all 23 CVS drugstores in the state.
CVS Health Stock Rallies 38% in May: Is it a Buy Amid PBM Pressure?
CVS' pharmacy segment continues to lead the industry, processing over 1.7 billion prescriptions annually while delivering high medication adherence.
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Psyence Biomedical Ltd. Profile
| Biotechnology Industry | Healthcare Sector | Jody Aufrichtig CEO | NASDAQ (CM) Exchange | 74449F407 CUSIP |
| CA Country | 12 Employees | - Last Dividend | 2 Feb 2026 Last Split | 25 Jan 2024 IPO Date |
Overview
Psyence Biomedical Ltd. is a pioneering company that specializes in the development of botanical psilocybin-based psychedelic medicines, with a focus on addressing mental health conditions and improving quality of life for patients facing incurable cancer diagnoses in palliative care settings. Positioned at the forefront of psychedelic medicine, Psyence Biomedical Ltd. evaluates natural sources of psilocybin for their therapeutic potential. The company's efforts are aimed at offering novel treatment options for adjustment disorder and other psychological ailments that often accompany terminal illnesses. Operating under the umbrella of Psyence Group Inc., Psyence Biomedical is headquartered in Toronto, Canada and demonstrates a commitment to leveraging psilocybin's potential for mental health and palliative care interventions.
Products and Services
- PEX010
As the lead product candidate of Psyence Biomedical Ltd., PEX010 is currently in Phase IIb clinical studies. This product is a capsule containing naturally sourced psilocybin, designed for the treatment of a spectrum of conditions including anxiety, depression, post-traumatic stress disorder (PTSD), stress, grief, and adjustment disorder, especially within the palliative care context. By advancing through critical research phases, PEX010 aims to revolutionize the approach to mental health care for patients undergoing severe emotional and psychological distress due to incurable illnesses.
- Partnership with iNGENu Pty Ltd
In collaboration with iNGENu Pty Ltd, Psyence Biomedical Ltd. is conducting a Phase IIb clinical trial utilizing PEX010 in psilocybin-assisted psychotherapy. This innovative trial targets Adjustment Disorder (AjD) triggered by the diagnosis of incurable cancer, exploring the benefits of combining traditional psychotherapy with psilocybin treatment to enhance patient coping mechanisms and overall wellbeing. Through this partnership, Psyence Biomedical seeks to underline the therapeutic value of psilocybin in supporting emotional and mental health in a highly vulnerable patient population.
