Nova Mentis Life Science Corp. (OTCQB:NMLSF), also known as NOVA, a biotech company developing psilocybin-based therapeutics and complementary diagnostics for neuroinflammatory disorders, recently received the required controlled substances export approval from the U.S. Drug Enforcement Administration (DEA) for its proprietary psilocybin drug (NM-1001).
The company’s goal is to diagnose and treat chronic conditions such as autism spectrum disorder (ASD) and Fragile X Syndrome (FXS) or Martin-Bell syndrome, one of the largest genetic causes of autism spectrum disorders. One interesting thing about the company is that, according to their statements, they are the first biotech to achieve orphan drug designation in both the United States and the European Union for the use of psilocybin in the treatment of Fragile X Syndrome (FXS).
