May 30, 2024

Press release

Canada To Australia: New MDMA & Psilocybin Shipment On Its Way For Legal Therapeutic Market

The first of several of PharmAla Biotech’s (OTC: PMBHF) shipments of psychedelic molecules -both API and finished drug product capsules- to its Australian JV Cortexa for use under the Authorized Prescriber Scheme (APS) is all set.

The Canadian MDXX class molecules company, together with Australian partner digital healthcare firm Vitura Health Ltd., announced the new business’ launch in May, some months prior to the country beginning the implementation of legal psychedelic-assisted therapies prescription, by authorized physicians, for patients with PTSD and Major Depressive Disorder -the first country in the world to legalize such treatment options.

See Also: Australia's Psychedelics Therapy Provides Hope ...

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