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Psyence Biomedical Ltd., based in Toronto, develops botanical psilocybin-based medicines, with its lead product PEX010 in Phase IIb for treating anxiety, depression, and adjustment disorder in palliative care patients.

PEX010, Psyence Biomedical's lead psilocybin capsule, is in Phase IIb trials for treating Adjustment Disorder in terminal cancer patients, reflecting the company's focus on nature-derived psychedelics for mental health therapy.