New Zealand Government Grants $650K For LSD Microdosing Trials

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.”

Photo by Paola Chaaya on Unsplash

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Posted In: CannabisNewsPenny StocksPsychedelicsFinancingGlobalMarketsFrederick Pelsmajor depressive disordermindbio therapeuticsNZ's Health Research Council (HRC)University of Auckland
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