PriceSensitive

Entheon (CSE:ENBI) closes sale of DMT clinical assets

Psychedelics
CSE:ENBI
11 July 2022 09:00 (EDT)

Source: Entheon Biomedical Corp.

Entheon Biomedical Corp. (ENBI) has closed the sale of its Phase 1 DMT study to Cybin IRL Limited for C$1,000,000.

Cybin IRL has assumed all accrued liabilities and accounts payable associated with the previously announced DMT study.

The DMT Study is being conducted in the Netherlands at the Centre for Human Drug Research, a leading independent foundation specializing in innovative early-stage clinical drug research, in 50 healthy volunteers who smoke (cigarettes/nicotine users).

Entheon has entered into a consulting services agreement with the Cybin IRL for a period of 12 months. Entheon has also signed a data license agreement with Cybin, allowing the company access to certain clinical trial data to support its Entheon IQ program.

Entheon is a biotechnology research and development company committed to developing and commercializing a portfolio of safe and effective DMT-based psychedelic therapeutic products to treat addiction and substance use disorders.

Entheon Biomedical Corp. (ENBI) opened trading at C$0.05.

Related News