Psyence Biomed to buy Clairvoyant Therapeutics

9 September 2024

Psyence Biomedical (Nasdaq: PBM) has announced plans to acquire Clairvoyant Therapeutics, a Canadian developer of psilocybin-based treatments.

Psyence will issue shares worth up to $1 million to Clairvoyant shareholders and advance up to $1.8 million to cover the firm’s liabilities, mainly clinical trial costs.

The acquisition would add Clairvoyant’s Phase IIb clinical trial of a synthetic psilocybin-based candidate for Alcohol Use Disorder (AUD) to Psyence Biomed’s pipeline.

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