Psyence Biomedical shares are trading higher after the company announced the export of nature-derived psilocybin to Australia and said a trial is projected to be initiated shortly following receipt of drug product by trial sites.
Portfolio Pulse from Benzinga Newsdesk
Psyence Biomedical shares are trading higher after the company announced the export of nature-derived psilocybin to Australia and said a trial is projected to be initiated shortly following receipt of drug product by trial sites.
July 24, 2024 | 8:41 pm
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Psyence Biomedical shares are trading higher after the company announced the export of nature-derived psilocybin to Australia and said a trial is projected to be initiated shortly following receipt of drug product by trial sites.
The announcement of exporting nature-derived psilocybin to Australia and the initiation of a trial is a significant milestone for Psyence Biomedical. This news is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100