Clearmind Medicine and Aragen strike 'psychedelic' development and supply agreement
The CDMO's services will help to advance clinical testing of Clearmind's drug candidate for treating alcohol use disorder
Aragen Life Sciences has agreed to produce Clearmind Medicine's innovative molecule, 5-Methoxy-2-aminoindane (MEAI) ― a unique synthetic psychedelic molecule designed to treat alcohol use disorder and binge drinking.
As part of the development and supply agreement, CDMO Aragen will provide process optimisation and synthesis, GMP manufacturing and supply of MEAI to Clearmind.
Clearmind, which positions itself as a psychedelic pharmaceutical biotech, says its primary objective is to research and develop psychedelic-based compounds and attempt to commercialise them as regulated medicines, foods or supplements.
To date, the company has already received "extremely" favourable preclinical studies results, demonstrating a high safety profile and promising efficacy.
With Aragen's assistance, Clearmind is now preparing for pre-investigation new drug (IND) meeting, which will be followed by an IND and a clinical trial in the second half of 2022.
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