Mindbio Therapeutics, a subsidiary of cannabis and psychedelics holding company Blackhawk Growth Corp. BLRZF, together with research collaborators at the University of Auckland, have received NZ$1.44 million ($650,000) in funding from New Zealand’s Health Research Council (HRC) to conduct a LSD microdosing trial in patients with Major Depressive Disorder (MDD).
The state agency grant funding followed the successful completion of a phase 1 clinical trial in 80 healthy participants. The data from this study is currently being assembled and MindBio is set to further announce the new findings.
Currently, the company is exclusively focused in the development of psychedelic microdosing clinical trials with scientific collaborators at the University of Auckland towards the creation of intellectual property and novel treatments for mental health conditions which are suit for commercialization and use in patients in need.
Blackhawk’s CEO Frederick Pels expressed: “We are proud of the work of our scientific collaborators and the substantial support shown is testament to the calibre of scientists leading the project. We are determined to develop game-changing treatments for mental health conditions.”
10,000 microdoses of LSD will fit into this tiny bottle but could help up to 60 patients who suffer from Mental Health issues.— MindBio Therapeutics (@MindBioTherap) July 10, 2022
MindBio Therapeutics has just completed Phase 1 trials and the results will be released soon. #mentalhealth #help #lsd #menta…https://t.co/zTKLWJAkST
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Meet the biggest cannabis industry players and make deals that will push the industry forward.
Featuring live company presentations, insider panels, and unmatched access to networking, the Benzinga Cannabis Capital Conference is where cannabis executives and entrepreneurs meet.
Join us September 13-14, 2022 at The Palmer House in Chicago, IL.