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Nonprofit medical research organization the Usona Institute shared the results from its Phase 2 trial assessing a single 25mg synthetic psilocybin dose for 104 adults with Major Depressive Disorder (MDD,) providing further evidence of the psychedelic’s antidepressant capabilities.
COMPASS Pathways (NASDAQ:CMPS), one of the biggest players in the psychedelics biotech space today, shared the results from research on the potential of its novel AI technologies to support proprietary COMP360 psilocybin treatment for Treatment-Resistant Depression (TRD.)
Meanwhile, U.K. drug policy and reform is underway through several paths. On August 30, Parliament’s Home Affairs committee presented a report urging the reclassification of psilocybin mushrooms and other psychedelics to Schedule 2 to support the “growing body of evidence” with further clinical research on the substances’ potential medical and therapeutic benefits.
A number of states are moving reform bills concerning the study or straight out legalizing the use of psychedelic substances for therapeutic purposes. Others have already passed legislation and its implementation is underway. Here’s a short recap of the latest moves as of Sept. 7.
Cybin's (NYSE:CYBN) intellectual powerhouse grows with a new US patent covering deuterated 5-MeO-DMT.
Optimi Health (OTC:OPTHF) will supply psychedelics to Canada's SAP, while simultaneously securing a CA$1M private financing.
Johns Hopkins University will work with Clearmind Medicine (NASDAQ:CMND) on the latter’s alcohol addiction clinical research program.
Toward shaping federal policy around psychedelic therapy: APPA teams up with the Daschle Group.
PharmaTher (OTC:PHRRF) is aiming to mitigate ketamine shortage with a new FDA application.
Nasdaq has granted SpiSparc (NASDAQ:SPRC) an extension to maintain its listing, for which a +600% bid price surge is needed.
Sacred medicine meets Wall Street: This legal Peyote company will start trading on the Canadian market.
Awakn Life Sciences (OTC:AWKNF) submitted an application for a new Phase 3 Alcohol Use Disorder clinical trial.
Comedian Pete Davidson revealed he tried ketamine to cope with depression.
Shroom scandal on Amazon: AI-written guides could dangerously mislead foragers.
Treating PTSD topically & directly to the brain? This psychedelics delivery company is poised for a major breakthrough.
Psychedelic journeys 2.0: A look at how VR is revolutionizing therapy
See Also: Last Week's Edition Of 'Psyched'
AdvisorShares Psychedelics ETF (NYSE:PSIL) opened Tuesday, September 5 at $1.79, recovering from prior week’s at $1.65 and cutting off the dropping trend -prior openings were set at $1.72, $1.8, $1.92 and $1.98, closer-to-farther dates.)
Yet on Friday, September 8 pre-market close, shares are trading at around $1.78, lower than prior Friday 1 at pre-close, around $1.84. This number had been a considerable improvement from two prior Fridays’ closings at $1.64 and $1.69.
Week’s highest was $1.8 on Thursday, Sept. 7, lower than the prior week’s highest ($1.85) yet around past three weeks’ numbers ($1.75, $1.81, and $1.92, respectively.)
Week’s lowest was $1.73, trading number on Wed. 6 and Thursday 7, yet higher than prior week’s lowest ($1.63,) and than almost all three prior weeks’ lowest ($1.62, $1.71, and $1.8.)
The ETF’s yearly price range has again been changed, now set between $3.64 and $1.62. A considerable drop from just last week’s $4.12 highest and keeping the bottom at $1.62.
GH Research (NASDAQ: GHRS) is trading at $10.00, slightly below last Friday’s numbers around $10.51 and closer to Friday, August 25’s close at $10.04.
COMPASS Pathways (NASDAQ:CMPS) is trading at $9.46, slightly up from last Friday's $9.41 and higher than Friday 25’s closing at $8.97.
Mind Medicine (MindMed) (NASDAQ:MNMD) trades at $4.00, slightly under Friday, Sept. 1 at $4.12, yet up from the prior week’s close at $3.8.
Enveric Biosciences (NASDAQ:ENVB) is trading at $2.19, between Friday 1’s afternoon trading at $2.22 and Friday 25 closing at $2.16.
Silo Pharma (NASDAQ:SILO) is trading at $1.95, slightly below prior Friday’s trading at $2.04 and almost the same as Friday 25’s closing ($1.94.)
Bright Minds Biosciences (NASDAQ:DRUG) trades at $1.91, a decline from Friday Sept 1’s afternoon price of around $2.19 and further down from Friday 25’s close at $2.58.
atai Life Sciences (NASDAQ:ATAI) is trading at $1.42, falling from Friday 1’s trading around $1.53 and Friday 25’s close at $1.54.
Incannex Healthcare (NASDAQ:IXHL) is trading around $1.34, slightly below its trading price at $1.4 on Friday 1 as well as Friday 25’s closing at $1.53.
FSD Pharma (NASDAQ:HUGE) trades around $1.24, a slight drop from Friday 1’s $1.28 and almost the same as Friday 25’s closing ($1.25.)
Seelos Therapeutics (NASDAQ:SEEL) trading around $1.01 vs. Friday 1’s trading around $1.08 and Friday 25’s closing at $1.09.
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Posted In: ATAI AWKNF CMND CMPS CYBN DRUG ENVB GHRS HUGE IXHL MNMD OPTHF PHRRF PSIL SEEL SILO SPRC
