Revive Therapeutics, Pharmather Partner On Psilocybin Cancer Research

Revive Therapeutics (CSE: RVV) and Pharmather Inc (CSE: PHRM) this morning jointly announced a research collaboration between the two firms. The two will work together on an exclusive research basis to advance the study of psilocybin in the treatment of cancer, as well as the discovery of novel uses of undisclosed psychedelic compounds.

Under the collaboration, Revive will have the exclusive right to advance research on the use psilocybin in the treatment of cancer. The partnership will also enable the company to utilize Pharmather’s AI technology, known as panaceAI, to screen, identify, and evaluation psychedelic compounds while focused on pre-specified targets for use with the firms proprietary oral thin film drug delivery technology.

The research jointly conducted will see a focus placed on utilizing Revive’s oral thin film drug delivery technology, which has been optimized for the use of psilocybin and other psychedelics. The company indicated that it will be looking to advance the development of psilocybin in the treatment of numerous types of cancer, including liver carcinoma, melanoma, kidney neoplasms, acute myeloid leukemia, and breast neoplasms.

“We recently achieved an important milestone in expanding our patent portfolio with the potential of psilocybin to treat certain cancer indications. Our research collaboration with Revive validates our business model in discovering novel uses of psychedelics with panaceAI™ and partnering these discoveries with life sciences companies seeking to expand their product pipeline with psychedelics.”

Fabio Chianelli, CEO of PharmaTher Inc.

Revive Therapeutics last traded at $0.22 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

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

Growing Medical Acceptance of Psychedelics – The Daily Dive feat Derek Welsh of Revive Therapeutics

For our final episode of The Daily Dive this week, host Cassandra Leah is joined...

Friday, December 4, 2020, 01:00:00 PM

Revive Therapeutics Sees Research Partnership On Psilocybin Expanded

Revive Therapeutics (CSE: RVV) has expanded its sponsored research partnership agreement with that of the...

Friday, June 12, 2020, 08:46:44 AM

Pharmather Applies For Orphan Drug Status For Ketamine In Use Against Parkinson’s Disease

Pharmather Inc (CSE: PHRM) has filed for orphan drug designation with the US Food and...

Tuesday, October 20, 2020, 09:30:33 AM

Revive Appoints Infectious Disease Expert As Scientific Adviser

Revive Therapeutics (CSE: RVV) this morning announced that they have appointed Dr David Boulware as...

Tuesday, March 24, 2020, 10:35:22 AM

Revive Files Clinical Trial Application With Health Canada, Releases Phase 3 FDA Study Design For Potential Treatment Of COVID-19

Revive Therapeutics (CSE: RVV) continues to advance its clinical trial efforts. The company announced this...

Wednesday, June 3, 2020, 11:30:38 AM