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Benzinga
Benzinga
Business
Henry Khederian

Psyence BioMed (PBM) Shares Soar On Ibogaine Production Breakthrough

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Shares of Psyence Biomedical Ltd (NASDAQ:PBM) are surging Thursday morning following an announcement from the company and its strategic partner, PsyLabs.

What To Know: The companies reported the successful production of a high-purity, GMP-aligned Ibogaine Total Alkaloid extract, a significant milestone in the field of psychedelic medicine.

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