Revive Therapeutics Files For Patent On Oral Thin Film With Psilocybin

Revive Therapeutics (CSE: RVV) this morning announced that it has successfully completed research on an oral thin film delivery system with psilocybin, as well as filed for a related provisional patent for the technology with the US Patent and Trademark office.

The thin film technology with developed under a research partnership with the Reed Research Group at the University of Wisconsin-Madison. The film reportedly provides a unique delivery of psilocybin, which is to be used in the treatment of neurological, mental illness, and substance abuse disorders. Based on chitosan-tannin composite solutions, the film reportedly dissolved in testing in under five minutes after exposure to water.

Following the successful development of the product, Revive is now in discussions with lead contract manufacturers to assist in the clinical scale-up and manufacturing of the oral thin film. Future studies are to take place under US FDA Phase 1 and Phase 2 clinical studies for evaluation in humans.

“We are pleased with the final conclusion of the Research work and its successful results as it validates our drug delivery technology in delivering psychedelic pharmaceuticals and positions our oral thin film psilocybin product to become a potential novel treatment solution for various mental illness, neurological and substance abuse disorders. We continue to focus on building our intellectual property portfolio, advancing our psychedelics-based product pipeline to clinical trials and partnering with leading institutions.”

Michael Frank, CEO of Revive Therapeutics

Revive Therapeutics last traded at $0.425 on the CSE.


FULL DISCLOSURE: Revive Therapeutics is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Revive Therapeutics on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

They Laughed at $3,000 Gold, Now We’re Headed for $4,000! | Sean Roosen – Osisko Development Corp.

Recommended

Steadright Begins Preliminary Economic Assessment On TitanBeach Project

Three Miners Trapped Underground At Newmont’s Red Chris Mine

Related News

Revive Expands Phase 3 COVID-19 Study To Asia Pacific Region, Canada

Revive Therapeutics (CSE: RVV) announced this morning that it is expanding its phase 3 clinical...

Wednesday, August 19, 2020, 12:34:40 PM

Revive Therapeutics Granted FDA Approval For Phase 3 Clinical Trial For Bucillamine In COVID-19 Treatment

It’s a big day for Revive Therapeutics (CSE: RVV) (OTC: RVVTF). The company announced this...

Friday, July 31, 2020, 09:16:29 AM

Revive Therapeutics To Conduct Phase 1 Clinical Trials For Psilocybin

Revive Therapeutics (CSE: RVV) is driving forward with its psilocybin studies. The company announced this...

Wednesday, September 2, 2020, 08:43:51 AM

Revive Therapeutics Begins Laying Groundwork For Commercialization Of Bucillamine

Revive Therapeutics (CSE: RVV) this afternoon reported that it is in the process of pursuing...

Thursday, July 15, 2021, 02:27:50 PM

Revive Therapeutics Advances Psilocybin-Based Product Research

Revive Therapeutics (CSE: RVV) this morning announced that it has partnered with Complete Phytochemical Solutions...

Friday, April 17, 2020, 08:38:51 AM