Psyence Biomedical (PBM) has released an update.
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Psyence Biomedical has doubled the value of its stake in PsyLabs to approximately $2 million, while reducing its debt through strategic debt-for-equity swaps. The company is progressing with its Phase IIb clinical trial for psilocybin-based treatments in palliative care, which could enhance its standing in the Nasdaq market. These developments position Psyence Biomed for significant growth and increased financial stability moving into 2025.
For further insights into PBM stock, check out TipRanks’ Stock Analysis page.
