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Psyence BioMed completes $2.6M PsyLabs investment as ibogaine milestones are met for US development.

Company Fundamentals
21 Oct 2026
GlobeNewsWire
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Bullish
Psyence BioMed completes $2.6M PsyLabs investment as ibogaine milestones are met for US development.

Psyence Biomedical Ltd. has completed its $2.6 million investment in Psyence Labs after achieving key milestones including regulatory readiness documentation for ibogaine and a manufacturing agreement with DEA-registered Benuvia in Texas. This supports the planned US development of pharmaceutical-grade ibogaine, with PsyLabs focusing on supply and Texas Ibogaine Research Corporation handling manufacturing and regulatory work. The investment increases Psyence BioMed's stake in PsyLabs to over 43%, advancing their neuroplastogen-based mental health treatment program.

Psyence BioMed's recent investment in PsyLabs provides context for health-sector trading activity on Pluang. For readers following the health sector, here is Pluang's market snapshot as of Oct 21, 2026 17:11 WIB: Out of 150 priced US health stocks, 77 rose and 61 fell today. Inovio Pharmaceuticals Inc (INO) rose 2.97% to USD 1.04 with 100% sell order activity and a typical hold time of 43 days, contrasting with BioNano Genomics Inc (BNGO) which fell 2.81% to USD 1.21 and also saw 100% sell orders but a longer hold time of 51 days. Nuvation Bio Inc. (NUVB) increased 2.94% to USD 4.91 with a shorter typical hold time of 12 days.

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