Australian Psychedelics: Phase 2 Trial On Psilocybin For Anxiety Will Soon Share Results

Australian biopharma company developing therapeutic cannabinoid products and psychedelic medicines Incannex Healthcare IXHL announced that its Phase 2 clinical trial assessing proprietary psilocybin-assisted psychotherapy for Generalized Anxiety Disorder (GAD) treatment achieved its interim milestone and the analysis of the data has begun.

The study, led in collaboration with the head of the clinical psychedelic lab at Monash University and a member of the Incannex scientific advisory board Dr. Paul Liknaitzky, is set to assess safety and efficacy as well as additional aspects of mental and physical health of the company’s psilocybin program.

The 10-week treatment program includes two dosing sessions with either psilocybin or an active placebo. To date, 45 participants have been enrolled in the study and 29 participants have now completed the treatment protocol and main outcome assessment following treatment, no safety issues observed. 

The evaluation of this interim data will be conducted by an independent Data Safety Monitoring Board (DSMB). Incannex will use the consequent recommendations to decide on its regulatory strategy as well as plan pivotal studies while continuing to collect data from this Phase 2 trial (recruitment is ongoing towards completing the aimed 72 patients cohort.)

“Incannex continues to benefit from the academic rigor that Monash University and Dr. Liknaitzky bring to the development of this therapy, which should assist our ambitions to be amongst the first companies in the world to provide a proprietary psychedelic therapy to the public. We look forward to providing a further update to our stakeholders following the recommendations from the DSMB,” said the company’s CSO, Dr. Mark Bleackley.

Photo: Benzinga edit with photo by YAKOBCHUK VIACHESLAV and Alexander_Volkov on Shutterstock.

Market News and Data brought to you by Benzinga APIs
Posted In: CannabisNewsPenny StocksPsychedelicsMarketsGeneralized Anxiety DisorderPsilocybin programPsychedelic-Assisted Therapies
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on – Prices will increase very soon!