Psyence Biomedical achieves GMP-compliant ibogaine production

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: 07 Jan 26

Source: NASDAQ.COM

Psyence Biomedical Ltd. saw a price increase of 5.97%, crossing above the 5-day SMA, amid mixed market conditions with the Nasdaq-100 up 0.25% and the S&P 500 down 0.15%.

This surge is attributed to Psyence BioMed becoming the first Nasdaq-listed company to successfully produce GMP-compliant high-purity ibogaine hydrochloride, a significant advancement in addressing unmet mental health needs. The company's strong financial position, with a cash balance of $12 million and no debt, supports its ongoing Phase 2b psilocybin clinical trial, enhancing its competitive edge in the biopharmaceutical industry.

The successful production of ibogaine HCl not only improves the compound's stability and purity but also aligns with stringent medical requirements, positioning Psyence Biomedical for future growth in the market.

PBM

$0.7206+Infinity%1D

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About PBM

Psyence Biomedical Ltd is a multi-asset, vertically integrated biopharmaceutical company specializing in psychedelic-based therapeutics. The Company is focused on developing nature-derived (non-synthetic) psilocybin-based psychedelic medicine. It is dedicated to addressing unmet mental health needs, particularly in palliative care. Its ongoing Phase IIb psilocybin clinical trial in Australia focuses on adjustment disorder in patients diagnosed with cancer.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Psyence Biomedical achieves GMP-compliant ibogaine production

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