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Psyence Biomedical Ltd. has announced a strategic investment of up to US$5 million in PsyLabs to support its U.S. ibogaine program. This investment will enhance scientific and manufacturing capabilities.
Sep 24, 2026•about 3 hours ago
TorontoPharmaceuticalBiotechnology Research
Description
Psyence Biomedical Ltd. has agreed to a cash investment of up to US$5 million in PsyLabs. This strategic move is aimed at supporting the development of pharmaceutical-grade ibogaine for its U.S. program
Company Information
Company
Psyence Biomedical Ltd
Location
Toronto, Ontario, Canada
About
Psyence Biomed Ltd., is a pharmaceutical life science biotechnology company traded on the NASDAQ (NASDAQ:PBM), with a focus on botanical psychedelics.
Psyence Biomed is the first Nasdaq-listed nature-derived psilocybin biopharma in the world.
The name “Psyence” combines the words “psychedelics” and “science” to affirm our commitment to an evidence-based approach to innovative biopharma.
TorontoPharmaceuticalBiotechnology Research