Champignon Brands Announces Contract Research Partner For Ketamine, Psilocybin IP Portfolio

Champignon Brands (CSE: SHRM) announced this morning that it is advancing its drug discovery program with the selection of Dalriada as the firms contract research organization. Dalriada will advance Champignon’s new chemical entity IP portfolio in the areas of ketamine and psilocybin molecular scaffolds.

The partnership with Dalriada is expected to bring a robust pipeline of preclinical and clinical assets to Champignon, with Dalriada also providing integrated research and development support to the firm. The announcement of the contract research organization is anticipated to accelerate existing preclinical assets as well as the currently ongoing development of proprietary delivery systems.

“Dalriada’s expertise in medicinal chemistry will be a monumental addition to Champignon’s innovative diverse formulation platforms by their expertise in the synthesis of molecules, including existing psychedelics (ketamine, psilocybin and MDMA), as well as novel new psychedelic-like molecules. This synergistic collaboration will differentiate Champignon from other companies in the psychedelic space by boosting our ability to maintain an inhouse infrastructure for the clinical delivery NCEs.”
Dr Joseph Gabriele, Special Advisor to Champignon

Daldriada is a contract research organization that provides provides a suite of services in the area of drug discovery, medicinal chemistry, and IP for lean biotech clients that are focused on developing small molecule therapies. The firms research and development operations are located in Mississauga, Ontario.

Champignon Brands last traded at $1.22 on the CSE.

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