Revive Therapeutics (CSE: RVV) has expanded its sponsored research partnership agreement with that of the University of Wisconsin-Madison related to the study of psilocybin. The partnership will see Revive and the University evaluate novel formulations and a phase 1 clinical study for the therapeutic application of psilocybin for an addiction use disorder.
Development work conducted by the two parties will be focused on tannin-chitosan composites that take the form of thin films, 3D foams and hydrogels. Included research will be physio-chemical characterization, rate of release of psilocybin from composites and the development of composite formulations. The resulting formulations are to be investigated through both pre-clinical and clinical studies against various diseases and disorders.
Tannin-chitosan thin films have been identified by Revive as the lead candidate for a unique delivery film for 1-20mg therapeutic doses of psilocybin.
Additionally, Revive Therapeutics also intends to finalize a sponsorship program for a phase 1 study. The study will be focused on examining psilocybin for the treatment of an as of yet undisclosed addiction use disorder. The study will again be conducted by the University of Wisconsin-Madison.
Revive Therapeutics last traded at $0.22 on the CSE.
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