PBM News & Events

Psyence Biomedical announced the export of fully GMP-compliant manufactured psilocybin product NPX-5 to Australia. The product was manufactured at the Psyence Labs GMP-controlled production facility, supporting pharmaceutical-grade psychedelic development. The exported NPX-5 product will now be used in Psyence BioMed's ongoing Phase IIb clinical trial in Australia - a double-blind, randomized, low-dose comparator-controlled, multi-center study evaluating natural psilocybin for the treatment of Adjustment Disorder in patients with cancer in a palliative care context. The trial is enrolling 87 participants across multiple Australian sites, including Melbourne and Perth. Psyence BioMed is currently the only company conducting a Phase IIb clinical trial using natural psilocybin to study Adjustment Disorder in a palliative oncology population. Patient dosing is underway, with initial participants having been dosed in late 2025, and all newly enrolled patients will be dosed with NPX-5.

Psyence Biomedical announced the voting results from its Annual and Special Meeting of Shareholders, held at 9:00 a.m. Eastern Time on February 12, 2026. Shareholders voted in favour of all matters of business presented at the Meeting, including the election of directors, the appointment of auditors and the approval of share consolidation authority for the board of directors. All director nominees listed in the Company's management information circular dated January 2, 2026 were duly elected as directors of the Company to hold office until the next annual meeting of shareholders or until their successors are elected or appointed. Shareholders approved the appointment of MNP LLP as the Company's auditors for the ensuing year and authorized the Board to fix the auditors' remuneration. Shareholders further approved a special resolution authorizing the Board, in its sole discretion, to implement one or more consolidations of the Company's issued and outstanding common shares, at a ratio of up to 250:1, with such consolidation to be implemented, if at all, at a time and ratio to be determined by the Board. The Company will provide additional disclosure if and when the Board determines to implement any share consolidation, including the final consolidation ratio and effective date, subject to applicable regulatory and exchange approvals.

Psyence Biomedical announced that its board of directors has ratified the entry into a put option agreement with PsyLabs, a developer and manufacturer of pharmaceutical-grade psychedelic compounds. The Put Option Agreement grants PsyLabs the right, but not the obligation, to require the company to make a further equity investment in PsyLabs by way of a share-for-share exchange at arm's length and at fair market value, subject to the terms and conditions set out therein. The Put Option Agreement forms part of a broader strategic and commercial relationship between the parties, including licensing arrangements pursuant to which the company may access PsyLabs' investigational and commercial-scale manufacturing capabilities.