Psycheceutical Bioscience (OTC: BWVI), a bioscience company dedicated to developing cutting-edge technologies for the next generation of mental health treatments, has entered into an exclusive agreement with iNGENū Pty Ltd., an Australian-based contract research organization. The agreement calls for iNGENū to conduct two human clinical trials of BWVI’s patented NeuroDirect(TM) ketamine topical in Australia. The first, a phase 1 trial, is designed to study 20 people and evaluate the safety, tolerability and pharmacokinetics of a single dose of NeuroDirect ketamine; the second, a phase 2 trial, is designed to study 115 participants diagnosed with post-traumatic stress disorder (“PTSD”) to evaluate the effectiveness of NeuroDirect ketamine on treating their symptoms. “We’re thrilled to have partnered with iNGENū as we move our proprietary delivery technology into human clinical trials,” said Psycheceutical Bioscience CEO Chad Harman in the press release. “iNGENū is an industry-leading, full-service CRO providing end-to-end services for companies like ours developing psychedelic drugs. Together, we’re committed to discovering new psychedelic therapies for mental health disorders and central nervous system diseases. We’re eager to engage in this next phase of the development of our NeuroDirect delivery system, which we’re designing to solve the issues with side effects that most psychedelic drug development companies face, while at the same time developing lifesaving mental health treatments.”
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About Psycheceutical Bioscience Inc.
Psycheceutical Bioscience is developing cutting-edge technologies to advance the safe and effective delivery of psychedelic pharmaceutical medicines. Powered by a team of FDA drug-development veterans, biotechnology experts and top minds in the psychedelic industry, Psycheceutical is on a mission to commercialize its precision-dosing technologies to provide affordable, life-saving treatments to anyone suffering from mental health disorders or central nervous system diseases. For more information about the company, please visit www.Psycheceutical.com
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