Psyence Biomed Strengthens Position with Valuable Stake and Trials

Psyence Biomedical (PBM) has released an update.

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.

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