Psyched Wellness (CSE: PSYC) this morning issued a brief press release related to the ongoing pre-clinical trial of its muscimol extract, referred to as AME-1. The firm has received the results from its maximum tolerated dosage study, which was conducted through that of KGK Science.
The study is the first set of toxicology assessments being conducted on the Amanita Muscaria extract. The study for maximum tolerated dosage was required as part of the pre-clinical process, which will now see the company conduct studies focused on the oral toxicity of the product.
Two studies are to be conducted for the next phase of the development, with the firm to conduct both a 14 day and a 90 day oral toxicity study. Once completed, the data will be used to determine effective and safe dosages for human consumption of the extract.
“I am pleased to share the positive results from the individual studies that our CRO is conducting in the pre clinical study on our behalf for AME 1. Today’s results pushes us one step closer to our goal of applying to the FDA for a New Dietary Ingredient and to Health Canada for a Natural Health Product Number.”
Jeff Stevens, CEO of Psyched Wellness
Psyched Wellness last traded at $0.50 on the CSE.
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