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 morning that it has entered into a clinical trial agreement with the University of Wisconsin to conduct a clinical study focused on the use of psilocybin in adults that suffer from methamphetamine use disorder.

Under the terms of the agreement, Revive holds the exclusive option to obtain a worldwide, royalty-bearing and exclusive commercialization license to all rights, title and interest in an invention that arises from the study with the University.

The study, entitled “Phase I Study of the Safety and Feasibility of Psilocybin in Adults with Methamphetamine Use Disorder,” will be conducted at the University of Wisconsin Schools of Medicine and Public Health and Pharmacy. The facility currently has a special authorization and drug enforcement administration license issued by the state of Wisconsin to conduct clinical research on psilocybin.

The study is to be lead by Chrisopher R. Nicholas, Ph.D, whom is also an assistant professor at the University and a clinical psychologist at the Program for Research Outreach Therapeutics and Education in the Addictions. Notably, other members of this team have experience working with psilocybin, and are currently investigation the use of the drug as a treatment for opioid use disorder.

“We are delighted to be collaborating with clinical researchers at the University of Wisconsin‒Madison to advance development of psilocybin for the potential treatment of methamphetamine use disorder. We are building a pipeline of clinical-stage psychedelic-derived therapies for addiction disorders with a focus on psilocybin with unique dosage forms.”

Michael Frank, CEO of Revive

Methamphetamine Use Disorder is a problem that affects approximately 1.1 million individuals across the US over the age of twelve. The disorder essentially is when the recurrent use of methamphetamines has resulting in clinically significant impairment, including health problems, physical withdrawl, persistent use, and failures to meet responsibilities. The disorder currently has no pharmaceutical treatment, with the annual economic cost in the US estimated at $23 billion.

Revive Therapeutics last traded at $0.28 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

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

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 Announces Timeline For Phase 3 Studies, Sees Beneficial Psilocybin Developments

Revive Therapeutics (CSE: RVV) this morning announced that on the heels of receiving FDA approval...

Wednesday, August 5, 2020, 09:50:58 AM

PharmaTher, Revive, Complete Psilocybin Intellectual Property Transaction

PharmaTher (CSE: PHRM) has seen the completion of the sale of its psilocybin program to...

Wednesday, February 17, 2021, 09:58:18 AM

Revive Receives Approval From Independent Review Board For Phase Three Study

Revive Therapeutics (CSE: RVV) is one step closure to commencing its phase three clinical trials...

Monday, August 31, 2020, 08:56:26 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