Aug. 19 at 1:21 PM
President Trump today revealed that the University of Miami handed over its original 1994 ibogaine IND application to the federal government; a step he says could accelerate the compound's path toward becoming an approved medical treatment in the U.S.
Psyence BioMed (
$PBM ) welcomed the news, with CEO Jody Aufrichtig calling it "what Psyence BioMed was built for." The company already holds a stake in PsyLabs, a GMP-compliant manufacturing operation producing pharmaceutical-grade ibogaine hydrochloride, positioning it to support U.S. clinical development as HHS, the VA, and FDA deepen their engagement with the compound.
Aufrichtig and CFO Warwick Corden-Lloyd are in Texas this week meeting with stakeholders shaping the emerging U.S. ibogaine ecosystem.
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