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Portfolio Pulse from Lara Goldstein
Massachusetts is moving towards decriminalization of natural substances, with growing interest in the therapeutic potential of psychedelics. PsyBio Therapeutics (OTC:PSYBF) holds a license for synthetic psilocybin developed by Miami University's Andrew Jones, who is now collaborating with the University of Cincinnati on non-hallucinogenic substances.
June 08, 2023 | 1:44 pm
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PsyBio Therapeutics holds a license for synthetic psilocybin developed by Miami University's Andrew Jones, who is now collaborating with the University of Cincinnati on non-hallucinogenic substances.
The growing interest in the therapeutic potential of psychedelics and the decriminalization of natural substances in Massachusetts could positively impact PsyBio Therapeutics' stock price. The company holds a license for synthetic psilocybin, and the collaboration with the University of Cincinnati on non-hallucinogenic substances could lead to new product developments and increased market opportunities.
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