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Using Psychedelics to Discover and Develop Novel Treatments for Mental Health

Mental health continues to be a growing global concern. This firm is expanding its lineup by adding DMT-psychedelics for patient care.

Neuroscience firm Small Pharma Inc. (TSXV: DMT) focuses on psychedelic-assisted therapies for mental health conditions. The company announced in its press release the research and development updates on two N,N-dimethyltryptamine "DMT" based candidates.

The firm’s pipeline of short duration psychedelics can potentially provide effective, practical and accessible for a range of mental health conditions. Two additional trials have been added to SPL026’s development program while the SPL028 program moves towards a Phase I clinical trial in H2 2022.

As the markets continued to slide over the situation in Ukraine, shares were trading down at $0.235.