80 Companies· Drug Pipeline

Drug Developers

Companies and organisations actively developing psychedelic-based medicines — from early discovery through clinical trials to regulatory approval.

80 drug developers144 active candidates157 programme rows15 late-stage developers

Enterprise Intelligence

Quarterly psychedelic drug-development briefing

Compare indication activity, programme milestones, competitive intensity, and near-term catalysts. Q2 includes quarter-over-quarter changes against the published Q1 baseline.

Who funds these companies? InvestorsFoundation funder-finderGovernment funding

Pipeline Landscape Matrix

Candidate and programme scan

Each row represents an active development programme with candidate context. Stage counts use programme phase when available, then candidate stage. Source links are shown directly so sparse or conflicting evidence stays visible.

Rows

157

Sources

919

Forecasts

146

Linked records

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Showing 157 of 157 rows

Johnson & Johnson

Esketamine (SPRAVATO)

Esketamine
Approved

Programme phase

Esketamine MDD with acute suicidal ideation (MDSI)

SuicidalityUS (FDA)Completed

Approved for depressive symptoms in MDD with acute suicidal ideation or behaviour (2020).

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Exploring Esketamine's Therapeutic Outcomes as an FDA-Designated Breakthrough for TRD and MDD With Suicidal Intent: A Narrative Review

Publication · Cureus / PubMed Central · Feb 1, 2024 · Verified

Milestone: Regulatory review accepted · actual Aug 1, 2016

4 sources

2 trials · 0 papers

No forecast saved

Johnson & Johnson

Esketamine (SPRAVATO)

Esketamine
Approved

Programme phase

Esketamine TRD

Approved and marketed; expanded to TRD monotherapy in 2025.

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SPRAVATO (esketamine) approved in the U.S. as the first and only monotherapy for adults with treatment-resistant depression

Press release · Johnson & Johnson · Jan 21, 2025 · Verified

Milestone: Regulatory approved · actual Jan 21, 2025

9 sources

7 trials · 0 papers

No forecast saved

PharmaTher

KETARx (Generic Ketamine Injection)

Ketamine
Approved

Programme phase

KETARx FDA Approval Programme (Surgical Pain) — ANDA #217858

Chronic PainUS (FDA)Completed

FDA ANDA #217858 approved August 8, 2025; U.S. commercialisation rights sold December 2025 (upfronts + milestones potentially exceeding $25M)

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PharmaTher announces FDA approval of KETARx ketamine

Press release · PharmaTher · Aug 11, 2025 · Verified

Milestone: Regulatory approved · actual Aug 8, 2025

4 sources

0 trials · 0 papers

No forecast saved

COMPASS Pathways

COMP360 (synthetic psilocybin)

Psilocybin
NDA Filed

Programme phase

COMP360 TRD (Phase 3)

Rolling NDA submission underway; final submission expected Q4 2026.

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Compass Pathways Announces Six-Month Data from Second Phase 3 Trial Confirming Rapid and Durable Profile

Press release · Compass Pathways · Jul 7, 2026 · Verified

Milestone: Phase III completed · actual Jul 7, 2026

10 sources

6 trials · 0 papers

No forecast saved

NDA Filed

Programme phase

NRX-100 — IV Ketamine NDA Filing

SuicidalityUS (FDA)Active

NRx reported on 2026-05-18 that full NRX-100 NDA submission was expected in Q2 2026, with Module 3 already filed and a request for rolling review. PDUFA timing remains TBD until FDA acceptance/review status is announced.

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NRx — Confirms NDA Path After Type C FDA Meeting

Press release · NRx Pharmaceuticals · Mar 16, 2026 · Verified

Milestone: Regulatory filing submitted

4 sources

0 trials · 0 papers

nda-submitted · likely Q2 2026

Eventual approval estimate: 35%

Resilient Pharmaceuticals

Midomafetamine (MDMA)

MDMA
NDA Filed

Programme phase

MDMA-AT PTSD — NDA 215455 (Post-CRL)

PTSDUS (FDA)Completed

Post-CRL programme remains paused pending a new FDA-aligned Phase 3/resubmission path. Public Lykos materials still describe pursuit of FDA approval, but no new pivotal trial start or resubmission date was found in the June 2026 review.

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Resilient Pharmaceuticals — Company Website

company-website · Resilient Pharmaceuticals · Jun 27, 2026 · Verified

4 sources

3 trials · 2 papers

Phase III started

Eventual approval estimate: 25%

Definium Therapeutics

DT120 (MM-120) — MDD

LSD
Phase III

Programme phase

Emerge (MDD Phase 3)

Fully enrolled (~140 pts). Topline data expected late Q2 2026.

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Definium Therapeutics Announces Positive Topline Results From Phase 3 EMERGE Study of DT120 ODT in MDD

Press release · Definium Therapeutics · Jun 22, 2026 · Verified

Milestone: Phase III topline · actual Jun 22, 2026

5 sources

1 trials · 1 papers

Phase III topline · likely Q2 2026

Eventual approval estimate: 30%

Eli Lilly

BPL-003 (mebufotenin benzoate)

5-MeO-DMT
Phase III

Programme phase

BPL-003 TRD (acquired from AtaiBeckley)

Indication unknownUS (FDA)Active

Programme acquired with AtaiBeckley in July 2026. Development history and milestone detail sit on the AtaiBeckley record; this candidate tracks Lilly ownership from the acquisition onward.

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No source link saved

Latest recorded event: Jul 16, 2026 · Licensing deal

0 sources

0 trials · 0 papers

No forecast saved

Helus Pharma

HLP003 (CYB003)

Psilocybin
Phase III

Programme phase

PARADIGM — HLP003 Phase 3 (APPROACH + EMBRACE)

APPROACH Phase 3 enrollment has surpassed 86%, with dosing ongoing and topline results still expected in Q4 2026. EMBRACE and EXTEND remain part of the broader PARADIGM HLP003 registrational programme.

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Cybin Completes Enrollment in Phase 3 APPROACH Study of HLP003 in Adjunctive MDD (SEC Form 6-K)

Regulatory filing · SEC / Stock Titan · Jul 21, 2026 · Verified

Milestone: Enrollment complete · actual Jul 21, 2026

8 sources

0 trials · 0 papers

Phase III topline · likely Q4 2026

Eventual approval estimate: 55%

Phase III

Programme phase

NRX-101 — Suicidal Bipolar Depression Accelerated Approval

SuicidalityUS (FDA)Active

The original suicidal bipolar depression accelerated-approval path remains in preparation, while NRx separately reported FDA expanded-access clearance for NRX-101/TMS and initiation of the pivotal SPARC-TMS study in June 2026.

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NRx — Phase 2b/3 Promising Findings for NRX-101 (Suicidal Bipolar Depression)

Press release · PR Newswire · Mar 1, 2024 · Verified

Milestone: Phase III topline · actual Mar 1, 2024

3 sources

0 trials · 0 papers

nda-submission · likely Q3 2026

Eventual approval estimate: 35%

Otsuka Pharmaceutical

TSND-201 (Methylone)

Compound not specified

Phase III

Programme phase

TSND-201 EMPOWER-1 Phase 3 (PTSD) — NCT07456696

PTSDUS (FDA)Active

EMPOWER-1 Phase 3 recruiting (NCT07456696): 300 patients, two doses vs placebo, 4 weekly oral doses + 8 weeks observation. FDA Breakthrough Therapy Designation July 2025. Otsuka acquisition of Transcend announced March 2026 ($700M upfront + $525M milestones = $1.225B).

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ClinicalTrials.gov NCT07456696 - EMPOWER-1 TSND-201 PTSD

Registry update · ClinicalTrials.gov · Jun 12, 2026 · Verified

Milestone: Phase III started

9 sources

0 trials · 0 papers

Forecast saved

Phase III

Programme phase

RECONNECT — RE104 PPD Phase 2→Phase 3

PeripartumUS (FDA)Active

FDA granted Breakthrough Therapy Designation for luvesilocin in PPD on 2026-02-23 after positive RECONNECT Phase 2 data. Reunion says it has aligned with FDA on a registrational path and expects a single pivotal Phase 3 trial in 2026, with the next public watch item being trial registration or first-patient-in.

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NCT06342310 — RECONNECT Phase 2 (RE104 PPD)

clinical-trial-registry · ClinicalTrials.gov · May 14, 2026 · Verified

5 sources

0 trials · 0 papers

Phase III started · likely Q4 2026

Eventual approval estimate: 50%

Solvonis Therapeutics

SVN-001 (IV Ketamine + CBT)

Esketamine
Phase III

Programme phase

SVN-001 More-KARE Phase 3 (AUD)

SVN-001 remains Solvonis lead Phase 3 programme for severe AUD. Solvonis FY2025 results on 2026-04-29 said the board is prioritising advancement through Phase 3 completion; the official SVN-001 page describes the n=280 MORE-KARE trial, Q3 2024 start, trial completion in 2027, data readout in 2028, and possible UK marketing-authorisation submission in 2029.

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Solvonis pipeline page summarizes SVN-001 Phase 2 alcohol-use-disorder results

company-website · Solvonis Therapeutics · Jun 26, 2026 · Verified

Milestone: Phase II topline · actual Jan 1, 2021

6 sources

0 trials · 0 papers

Phase III completed · likely Q4 2027

Eventual approval estimate: 40%

Phase III

Programme phase

R-107 ROCKET Phase 3 Programme (TRD) — Pivotal

ROCKET Phase 3 pivotal trial enrollment started H2 2025. BEDROC Phase 2 published in Nature Medicine (2024). 106 patients in open-label compassionate supply >2 years with no dissociation or significant AEs. Raising $175M Series A for Phase 3 and commercialisation. FDA submission targeted 2027.

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Tasman Therapeutics - R-107

company-website · Tasman Therapeutics · Jun 26, 2026 · Verified

Milestone: Phase III started · actual Apr 1, 2025

8 sources

0 trials · 0 papers

Forecast saved

Transcend Therapeutics

TSND-201 (Methylone)

Compound not specified

Phase III

Programme phase

TSND-201 Phase 3 Programme (PTSD)

PTSDUS (FDA)Active

TSND-201 is now in Phase 3 for PTSD. EMPOWER-1 (NCT07456696) is recruiting, with 300 estimated participants and estimated primary completion in December 2027. Transcend published IMPACT-1 Phase 2 data in JAMA Psychiatry, received FDA Breakthrough Therapy Designation in July 2025 and a Commissioner's National Priority Voucher in April 2026, and completed its acquisition by Otsuka in June 2026.

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Transcend announces completion of acquisition by Otsuka

Press release · Transcend Therapeutics · Jun 12, 2026 · Verified

Milestone: Funding milestone · actual Mar 27, 2026

7 sources

0 trials · 0 papers

Phase III topline · likely Q1 2028

Usona Institute

Psilocybin (25 mg)

Psilocybin
Phase III

Programme phase

uAspire (PSIL301) — Psilocybin MDD Phase 3

uAspire (NCT06308653) remains the active Phase 3 MDD study. Usona has an official Phase 3 sponsor statement on uAspire, and industry reporting in April 2026 said Usona confirmed receipt of an FDA Commissioner National Priority Voucher for psilocybin in MDD.

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NCT06308653 — uAspire Phase 3 Study (Psilocybin MDD)

trial-registry · ClinicalTrials.gov · Jun 1, 2026 · Verified

6 sources

2 trials · 0 papers

nda-submission · likely Q4 2026

Eventual approval estimate: 55%

AbbVie

Bretisilocin (GM-2505)

DMT
Phase II

Programme phase

Bretisilocin — Phase 2a MDD (AbbVie/Gilgamesh)

AbbVie completed its acquisition of bretisilocin in October 2025. NCT06236880 remains recruiting as an expanded Phase 2a MDD study, with ClinicalTrials.gov listing 124 estimated participants and estimated primary completion in October 2026.

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AbbVie Neuroscience Pipeline

company-website · AbbVie · Jun 27, 2026 · Verified

5 sources

0 trials · 0 papers

Phase II topline · likely Q4 2026

Eventual approval estimate: 40%

Apex Labs

APEX-52 (Take-Home Oral Microdose Psilocybin)

Psilocybin
Phase II

Programme phase

APEX-52 — PATHFINDER-52 Phase 2b PTSD (n=294, Canada)

PTSDCanada (HC)Active

APEX-52 remains Apex's take-home microdose psilocybin programme. The current Apex strategy page says APEX is advancing dual drug assets for PTSD/depression and will move to Phase 3 after Phase 2b completion; the 2024 FDA IND filing supported a Yale PK/driving study intended to inform PATHFINDER-52. No 2026 enrollment or topline disclosure was found.

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Apex Labs — Homepage

company-website · Apex Labs · Jun 26, 2026 · Verified

7 sources

0 trials · 0 papers

Phase II topline · likely Q4 2027

Apex Labs

APEX-90 (In-Clinic Macrodose Psilocybin)

Psilocybin
Phase II

Programme phase

APEX-90 — SUMMIT-90 Phase 2b PTSD (n=160, Canada + Israel)

PTSDCanada (HC)Active

SUMMIT-90 Phase 2b remains the active APEX-90 macrodose PTSD/depression programme. Apex expanded the study to two Israeli sites in June 2025, and its current strategy page continues to frame Phase 2b completion as the trigger for Phase 3 and regulatory-approval planning.

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9 sources

0 trials · 0 papers

Phase II topline · likely Q4 2027

Phase II

Programme phase

ELUMINA — VLS-01 TRD Phase 2

ELUMINA (NCT06524830) is recruiting in treatment-resistant depression. AtaiBeckley reported in May 2026 that the Phase 2 study is progressing as planned, with topline results anticipated in Q4 2026.

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AtaiBeckley Q1 2026 update: VLS-01 ELUMINA topline expected Q4 2026

company-press-release · AtaiBeckley · May 12, 2026 · Verified

3 sources

0 trials · 0 papers

Phase II topline · likely Q4 2026

Eventual approval estimate: 20%

Phase II

Programme phase

BMND08 Phase 2 Programme (Depression/Anxiety in Alzheimer's)

BMND08 Phase 2 completed with positive results reported 2024-02-29. Biomind said it intended to progress BMND08 to Phase 3 and seek Breakthrough Therapy Designation, but the June 2026 source sweep found no public Phase 3 start or BTD outcome. Keep as waiting-on-news.

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Biomind Labs pipeline page lists BMND08 for Alzheimer’s in Phase II

company-website · Biomind Labs · Jun 26, 2026 · Verified

Milestone: Regulatory review accepted · actual Dec 1, 2025

5 sources

0 trials · 0 papers

Phase III started

Bright Minds Biosciences

BMB-101

Compound not specified

Phase II

Programme phase

BREAKTHROUGH — BMB-101 Phase 2 (Absence Epilepsy / DEE)

Indication unknownUS (FDA)Active

Phase 2 BREAKTHROUGH positive (Jan 2026). Preparing global registrational programme for absence seizures and DEE. Phase 2 in Prader-Willi syndrome planned Q1 2026.

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Bright Minds Biosciences Pipeline

company-website · Bright Minds Biosciences · Jun 27, 2026 · Verified

4 sources

0 trials · 0 papers

Phase III started

Eventual approval estimate: 45%

Ceruvia Lifesciences

SYNP-101 (Synthetic Psilocybin)

Psilocybin
Phase II

Programme phase

SYNP-101 Phase 2 Programme (OCD)

SYNP-101 has FDA IND clearance for a Phase 2 OCD trial and a related Frontiers in Psychiatry/Yale publication dated 2025-12-10. No public Phase 3 start, partnership, or sponsor status-changing update was found in the June 2026 sweep; keep as waiting-on-news pending new Ceruvia/Yale/B.More evidence.

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SSRN preprint for psilocybin OCD study

Publication · SSRN · Jan 1, 2026 · plausible

6 sources

0 trials · 0 papers

Phase III started

Clairvoyant Therapeutics

Synthetic Psilocybin (25mg)

Psilocybin
Phase II

Programme phase

Psilocybin Phase IIb Programme (AUD, EU + Canada)

Phase IIb (CLA-PSY-201) enrollment and treatment completed; 154 subjects randomized across 12 sites in EU + Canada; topline data anticipated but repeatedly delayed (originally mid-2023, then Q3 2024, then early 2025)

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ClinicalTrials.gov NCT05646303 current registry snapshot for Clairvoyant AUD psilocybin Phase 2b

Registry update · ClinicalTrials.gov · Jun 26, 2026 · Verified

11 sources

0 trials · 0 papers

Forecast saved

Clexio Biosciences

CLE-100 (Oral Esketamine)

Esketamine
Phase II

Programme phase

CLE-100 Phase 2 Programme (MDD)

SOLEO Phase 2 (NCT06340958) is completed on ClinicalTrials.gov. The registry lists 99 actual participants, actual primary completion in June 2025, actual study completion in November 2025, and a last update posted on 2026-06-23. No public topline results release was found in this pass.

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ClinicalTrials.gov NCT06340958 - SOLEO Phase 2 CLE-100 MDD Study

Registry update · ClinicalTrials.gov · Jun 23, 2026 · Verified

Milestone: Phase II started · actual Jun 1, 2024

2 sources

0 trials · 0 papers

Phase II topline · likely Q3 2026

Phase II

Programme phase

ASD Phase 2a

Phase 2a ASD study NCT07303907 is recruiting. ClinicalTrials.gov lists 20 estimated participants, actual start on 2025-12-03, last update posted 2026-04-06, and primary completion expected August 2027; the prior 2026 topline expectation should be treated as superseded by the registry timeline.

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ClinicalTrials.gov NCT07303907 - DT402 Phase 2a ASD study

clinical-trial-registry · ClinicalTrials.gov · Apr 6, 2026 · Verified

Milestone: Phase II started · actual Oct 1, 2025

6 sources

1 trials · 0 papers

Phase II topline · likely Q4 2027

Eventual approval estimate: 10%

Delix Therapeutics

DLX-001 (Zalsupindole)

Compound not specified

Phase II

Programme phase

Zalsupindole Phase 2 Programme (MDD, at-home)

FDA has cleared Delix's randomized, double-blind, placebo-controlled Phase 2 design for DLX-001 in MDD, including at-home self-administration. The next public watch item is Phase 2 first-patient-in or trial registration.

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Cumulus/Delix ASCP 2026 poster update for zalsupindole Phase 1b and upcoming Phase 2

Press release · Cumulus Neuroscience / PR Newswire · May 28, 2026 · Verified

Milestone: Phase I topline · actual Dec 12, 2024

9 sources

0 trials · 0 papers

Phase II started · likely Q4 2026

Phase II

Programme phase

Low-Dose Psilocybin Phase 2a Programme (GAD, Health Canada)

Anxiety DisordersCanada (HC)Active

Phase 2a ongoing at Kingston Health Sciences Centre (KHSC), Ontario; first-ever Health Canada-approved at-home microdose psychedelic trial; first patient July 30, 2025

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Diamond Therapeutics - Company and News

company-website · Diamond Therapeutics · Jun 26, 2026 · Verified

10 sources

0 trials · 0 papers

Phase II topline

Emyria

MDMA (EMDMA-001)

Compound not specified

Phase II

Programme phase

EMDMA-001 Phase 2 Open-Label (PTSD, TGA Authorised)

PTSDAustralia (TGA)Active

Open-label 12-month MDMA-AT study at PAX Centre Perth; MDMA supply for up to 70 patients secured; national expansion underway

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ANZCTR ACTRN12623000838617 - MDMA-Assisted Therapy for PTSD

Registry update · ANZCTR · Jun 27, 2026 · Verified

Milestone: Regulatory review accepted · actual Jul 1, 2023

7 sources

0 trials · 0 papers

Phase II topline

Entropy Neurodynamics

TRP-8802 (Oral Psilocybin)

Psilocybin
Phase II

Programme phase

TRP-8802 Phase 2a Programme (Binge Eating Disorder)

Eating DisordersUS (FDA)Active

TRP-8802 oral psilocybin Phase 2a studies in BED and fibromyalgia are complete. Entropy reported peer-reviewed BED results on 2026-01-13 showing sustained binge-eating reductions through 14 weeks, and is using the TRP-8802 oral psilocybin data package to support the lead TRP-8803 IV psilocin programme.

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TRP-8802 Phase 2a BED results ASX announcement

Press release · Entropy Neurodynamics / ASX · Jan 13, 2026 · Verified

Milestone: Phase II topline · actual Aug 1, 2022

5 sources

0 trials · 0 papers

Phase II started · likely Q4 2026

Entropy Neurodynamics

TRP-8803 (IV Psilocin)

Psilocybin
Phase II

Programme phase

TRP-8803 Phase 2 Programme (BED, World-First IV Psilocin)

Eating DisordersAustralia (TGA)Active

World's first clinical study of IV-infused psilocin; first patient dosed December 2025 at Swinburne University Melbourne; Cohort 1 complete, Cohort 2 enrolling

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DSMB Clears TRP-8803 to Advance to Cohort 2

Press release · Entropy Neurodynamics / ASX · Jun 16, 2026 · Verified

4 sources

0 trials · 0 papers

Phase II topline

Filament Health

PEX010 (Botanical Psilocybin)

Compound not specified

Phase II

Programme phase

PEX010 — Phase 2 Alcohol Use Disorder

Phase 2 POSITIVE DATA announced March 2025. Study at Psychiatric Centre Copenhagen (completed) and University of Washington. Additional Phase 2 for PTSD+AUD in veterans/first responders authorized by FDA July 2025 at University of Washington, funded by State of Washington.

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Filament Health — Drug Development

company-website · Filament Health · Jun 27, 2026 · Verified

6 sources

0 trials · 0 papers

Phase II topline

Filament Health

PEX010 (Botanical Psilocybin)

Compound not specified

Phase II

Programme phase

PEX010 — Phase 2 Brain Function & Wellbeing (UCL)

Two Phase 2 trials in partnership with University College London, MHRA approved (July 2025). Investigating effects on brain function, perception, and psychological well-being.

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Filament Health — Drug Development

company-website · Filament Health · Jun 27, 2026 · Verified

5 sources

0 trials · 0 papers

Phase II topline

Filament Health

PEX010 (Botanical Psilocybin)

Compound not specified

Phase II

Programme phase

PEX010 — Phase 2 Opioid Use Disorder (UPenn)

FDA authorized Phase 2 clinical trial at University of Pennsylvania (April 2025). Funded by Wellcome Leap. Studying psilocybin-assisted therapy for opioid use disorder.

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Filament Health — Drug Development

company-website · Filament Health · Jun 27, 2026 · Verified

5 sources

0 trials · 0 papers

Phase II topline

Freedom Biosciences

FREE001 (Ketamine + Temsirolimus)

Ketamine
Phase II

Programme phase

FREE001-TRD-201 Phase 2a (TRD) — FDA IND

Phase 2a dose-ranging trial underway (~100 patients) since H1 2024. FDA IND approved April 2024. Data readout expected ~2026. Yale spinout co-founded by Dr. John Krystal (Chair of Psychiatry, Yale). Total funding ~$10.5M.

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Freedom Biosciences - Pipeline

company-website · Freedom Biosciences · Jun 26, 2026 · Verified

Milestone: Phase II started · actual Jun 1, 2024

7 sources

0 trials · 0 papers

Phase II topline

Phase II

Programme phase

GH001 Bipolar II — Phase 2a POC

Bipolar DisorderUS (FDA)paused

BDII-specific development remains quiet: the NCT05839509 registry is terminated and no follow-on BDII study was found. GH001 as a parent programme is advancing in TRD after FDA lifted the U.S. clinical hold on 2026-01-05 and the Phase 2b TRD results were published in JAMA Psychiatry on 2026-03-25, with global pivotal initiation targeted for 2026.

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GH Research - Pipeline

company-website · GH Research · Jun 26, 2026 · Verified

8 sources

1 trials · 0 papers

No forecast saved

Phase II

Programme phase

GH001 PPD — Phase 2a POC

PeripartumUS (FDA)paused

Phase 2a completed Q4 2024. All 10 patients in remission — striking result. No further PPD development announced; resources focused on TRD Phase 3.

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GH Research - Pipeline

company-website · GH Research · Jun 26, 2026 · Verified

8 sources

1 trials · 0 papers

No forecast saved

Gilgamesh Pharma

Blixeprodil (GM-1020)

Esketamine
Phase II

Programme phase

Blixeprodil Phase 2 Programme (MDD)

Phase 2a complete (positive topline January 2026); late-stage Phase 2b/3 planning underway for 2026

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Gilgamesh announces positive Phase 2a topline results for blixeprodil (GM-1020) in MDD

Press release · Gilgamesh Pharma / PR Newswire · Jan 6, 2026 · Verified

Milestone: Phase II started · actual May 1, 2024

5 sources

0 trials · 0 papers

Phase II started · likely Q4 2026

Helus Pharma

HLP004 (CYB004)

DMT
Phase II

Programme phase

HLP004 GAD — Phase 2 POC

Anxiety DisordersUS (FDA)Active

Helus announced positive Phase 2 signal-detection topline results for HLP004 in GAD on 2026-03-05. The 20 mg adjunctive arm showed a 10.4-point mean HAM-A reduction at six weeks, with pooled six-month response/remission rates of 67%/39%. Next watch items are durability follow-up, a peer-reviewed publication, or Phase 3 guidance.

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Helus announces HLP004 Phase 2 signal-detection topline results in GAD

Press release · Helus Pharma / GlobeNewswire · Mar 5, 2026 · Verified

Milestone: Phase II topline · actual Mar 5, 2026

4 sources

0 trials · 0 papers

Phase III planned · likely Q1 2027

Eventual approval estimate: 20%

Incannex Healthcare

PSX-001 (Psilocybin + Psychotherapy)

Psilocybin
Phase II

Programme phase

PSX-001 PsiGAD Phase 2 → Phase 2b (GAD) — NCT05942911

Anxiety DisordersUS (FDA)Active

Phase 2 PsiGAD1 complete with positive results (73 patients). Preparing multi-jurisdiction Phase 2b. Open IND with FDA. Clinical Advisory Board formed. Well-funded: $70M+ cash, runway into 2027. Nasdaq:IXHL / ASX:IHL.

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ANZCTR ACTRN12621001358831 - Psi-GAD-1

Registry update · ANZCTR · Jun 27, 2026 · Verified

9 sources

0 trials · 0 papers

Phase II topline

MindBio Therapeutics

MB22001 (Titratable Microdose LSD)

Compound not specified

Phase II

Programme phase

MB22001 Phase 2B MDD Programme (ACTRN12624000128594)

Major Depressive Disorder (MDD)Australia (TGA)Active

Phase 2B MDD completed in November 2025 and did not show superiority for repeated microdosed LSD over active placebo on MADRS at week 8. MindBio reported 29.9% MADRS reduction in the LSD arm versus 36.4% in placebo/caffeine (p=0.5469), with favorable tolerability and no serious adverse events in the LSD arm. The next watch item is whether MindBio publishes the dataset or redirects MB22001 development toward cancer distress/PMDD rather than MDD.

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MindBio Therapeutics - Current Website

company-website · MindBio Therapeutics · Jun 26, 2026 · Verified

Milestone: Phase II topline · actual Nov 13, 2025

12 sources

0 trials · 0 papers

Phase II publication · likely Q4 2026

Phase II

Programme phase

MSP-1014 Phase 2 Programme (MDD) — acquired by Otsuka

MHRA-approved Phase 2 trial (NCT05624268) for MDD with ACT psychotherapy; may be deprioritized in favor of MSP-2020

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Otsuka Pharmaceutical to Acquire Mindset Pharma

Press release · Newsfile / Otsuka and Mindset · Aug 31, 2023 · Verified

Milestone: Licensing deal · actual Sep 1, 2023

4 sources

0 trials · 0 papers

Phase II topline

MSICS Pharma

MSX-06 (Natural Psilocybin GMP)

Psilocybin
Phase II

Programme phase

MSX-06 Phase 2 Programme (TRD/OCD — Israel)

Israeli Ministry of Health approved clinical trial for OCD and depression; Phase 2 recruiting; PTSD study call for proposals in review; GMP production facility operational in Ness Ziona

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MSICS Pharma - MSX-06

company-website · MSICS Pharma · Jun 26, 2026 · Verified

Milestone: Company milestone · actual Jan 1, 2022

8 sources

0 trials · 0 papers

Forecast saved

Neurocentrx

NRCx-201 (Keticap)

Ketamine
Phase II

Programme phase

NRCx-201 Phase 2 Programme (Bipolar Depression / TRD) — Wellcome Trust Funded

Wellcome-backed Phase 2 bipolar-depression study NCT07644767 is registered but not yet recruiting. The registry lists 160 estimated participants, estimated start on 2026-10-30, primary completion in January 2028, and last update posted 2026-06-12. The September 2025 Wellcome funding release remains the key financing source.

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Neurocentrx - NRCx-201 Product Page

company-website · Neurocentrx · Jun 26, 2026 · Verified

Milestone: Phase II started · actual Jan 1, 2026

11 sources

0 trials · 0 papers

Phase II started · likely Q4 2026

Otsuka Pharmaceutical

MSP-1014 (Psilocin Prodrug)

Psilocybin
Phase II

Programme phase

MSP-1014 Adaptive Phase 2a/2b (MDD, SSRI Non-Responders) — MHRA/UK

Adaptive Phase 2a/2b at Clerkenwell Health, UK (~70 patients). Part 1: open-label dose escalation 30/50/70mg (n~10). Part 2: double-blind RCT vs placebo (n~60). MHRA approved June 2023. Data readout not yet reported (study period reportedly ended Oct 2024).

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Psychedelic Alpha tracker lists Otsuka MSP-1014 for MDD as Phase 2

industry-media · Psychedelic Alpha · Jun 26, 2026 · Verified

5 sources

0 trials · 0 papers

Phase II topline

PharmaTher

Ketamine (IV) — Levodopa-Induced Dyskinesia

Ketamine
Phase II

Programme phase

Ketamine Phase 2 Programme (Parkinson's / LID) — NCT04912115

Phase 2 complete (suspended before planned March 2024 completion); positive results — subanesthetic IV ketamine reduced LID; advancing toward Phase 3, seeking partnership

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7 sources

0 trials · 0 papers

Phase II topline

Psyence Biomedical

NPX-5 (Nature-Derived Psilocybin)

Psilocybin
Phase II

Programme phase

NPX-5 Phase IIb Programme (Adjustment Disorder, Palliative Care) — ANZCTR 12624000449538p

Phase IIb active in Australia (TGA); 87 participants; 3 sites operational (Perth, Melbourne ×2); patient dosing underway; GMP NPX-5 exported from Canada to Australia confirmed March 2026; topline results expected end of 2026

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Psyence BioMed Initiates Patient Dosing in Phase IIb NPX-5 Trial

Regulatory filing · SEC / Psyence BioMed · Apr 23, 2026 · Verified

Milestone: Trial start · actual Jan 1, 2025

6 sources

0 trials · 0 papers

Phase II topline

Reconnect Labs

RE03 (Sublingual Dexmedetomidine)

Compound not specified

Phase II

Programme phase

RE03 — Phase 2a Insomnia in PTSD (NCT06685965)

PTSDUS (FDA)Active

RE03 Phase 2a is recruiting in PTSD-related sleep disturbance. Reconnect announced first patient enrollment on 2025-10-20, and ClinicalTrials.gov lists estimated study completion in August 2026.

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Reconnect Labs - Clinical Pipeline

company-website · Reconnect Labs · Jun 26, 2026 · Verified

Milestone: Trial start · actual Jun 1, 2025

8 sources

0 trials · 0 papers

Phase II topline · likely Q4 2026

Reset Pharma

RSTP1000 (Oral Psilocybin, Botanical Source)

Psilocybin
Phase II

Programme phase

RSTP1000 Phase 2b Programme (Demoralization in Cancer)

FDA IND cleared November 2023 ("Safe to Proceed"); Phase 2b multicenter, randomized, dose-ranging, double-blind, parallel-group study; likely in site activation/early enrollment; quiet since IND clearance

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Reset Pharma focus page identifies proprietary RSTP-1000 for demoralization syndrome

company-website · Reset Pharma · Jun 26, 2026 · Verified

Milestone: Funding milestone · actual Jun 1, 2022

7 sources

0 trials · 0 papers

Phase II topline

Phase II

Programme phase

RECLAIM — RE104 GAD Phase 2

Anxiety DisordersUS (FDA)Active

RECLAIM Phase 2 is recruiting for generalized anxiety disorder. ClinicalTrials.gov lists an actual study start in April 2026 and an estimated primary completion in February 2027; Reunion expects clinical data in Q2 2027.

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ClinicalTrials.gov NCT07489651 - RE104 in Generalized Anxiety Disorder

clinical-trial-registry · ClinicalTrials.gov · Jun 26, 2026 · Verified

Milestone: Phase II started

5 sources

0 trials · 0 papers

Phase II topline · likely Q2 2027

Phase II

Programme phase

REKINDLE — RE104 Adjustment Disorder Phase 2

REKINDLE Phase 2 is recruiting in adjustment disorder related to cancer and other medical illnesses. ClinicalTrials.gov lists estimated primary completion in November 2026, and Reunion has guided to topline results in 2027.

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NCT07002034 — REKINDLE Phase 2 (RE104 Adjustment Disorder)

clinical-trial-registry · ClinicalTrials.gov · Jun 3, 2026 · Verified

2 sources

0 trials · 0 papers

Phase II topline · likely Q1 2027

Solvonis Therapeutics

SVN-002 (Esketamine Oral Thin Film)

Esketamine
Phase II

Programme phase

SVN-002 Phase 2b Programme (AUD, US 505(b)(2))

Solvonis reported positive SVN-002 PK bridging data on 2026-06-22. Next steps are FDA feedback on toxicology/CMC, then IND submission to start a US Phase 2b AUD study under a planned 505(b)(2) pathway referencing Spravato.

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Solvonis SVN-002 page notes positive FDA pre-IND meeting and 505(b)(2) support

company-website · Solvonis Therapeutics · Jun 27, 2026 · Verified

Milestone: Regulatory review accepted · actual Dec 1, 2024

7 sources

0 trials · 0 papers

Phase II started · likely Q4 2026

Eventual approval estimate: 25%

Clearmind Medicine

CMND-100 (MEAI)

Compound not specified

Phase I/II

Programme phase

CMND-100 Phase I/IIa Programme (AUD) — Yale/JHU/Tel Aviv

Phase I/IIa multinational trial active; Cohorts 1 and 2 completed (12 patients, no SAEs); Cohort 3 recruiting at 80mg dose escalation (Yale, JHU, Tel Aviv Sourasky); DSMB cleared dose escalation March 2026

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Clearmind Completes Dosing for Part A of FDA-Regulated Phase I/II Trial

Press release · Clearmind Medicine · Jun 16, 2026 · Verified

Milestone: Efficacy data · actual Nov 24, 2025

15 sources

0 trials · 0 papers

Forecast saved

Algernon Pharmaceuticals

AP-188 (Sub-hallucinogenic IV DMT)

DMT
Phase I

Programme phase

AP-188 Programme (Stroke/TBI) — Algernon NeuroScience subsidiary

Neurological InjuryEU (EMA)Active

Phase 1 DMT study NCT05559931 is registry-listed as active, not recruiting, with last update posted 2025-01-28 and estimated completion in March 2026. PubMed-indexed 2025 Phase 1 publication supports safety/PK/PD for the 6-hour IV infusion. No public source found confirming Phase 2 stroke/TBI start as of the June 2026 sweep; corporate news indicates the programme now sits inside a Grey Matters/NovaScan diagnostics pivot.

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Algernon NeuroScience Pipeline Overview

company-website · Algernon NeuroScience · Jun 27, 2026 · Verified

13 sources

0 trials · 0 papers

Forecast saved

Arcadia Medicine

AM-1002 (Non-Racemic MDMA)

Compound not specified

Phase I

Programme phase

AM-1002 — Phase 1 First-in-Human (GAD)

Anxiety DisordersUS (FDA)Active

FDA IND cleared October 6, 2025. Phase 1 first-in-human trial planned. No NCT number posted or first-patient-dosed announcement as of April 2026. Gary Riordan (former FDA primary reviewer) leads regulatory.

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What is Sam Altman's involvement in MDMA developer Arcadia?

industry-media · Psychedelic Health · Oct 15, 2025 · Verified

Milestone: regulatory-milestone · actual Oct 6, 2025

8 sources

0 trials · 0 papers

Phase I topline

Ceruvia Lifesciences

NYPRG-101 (BOL-148)

LSD
Phase I

Programme phase

NYPRG-101 Phase 1 Programme (Migraine Prevention)

IND submitted for NYPRG-101 migraine prevention in June 2022 and first participant dosed in Phase 1 in January 2023; no newer public trial registry or company status update found in this pass.

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Ceruvia Research - BOL-148 / NYPRG-101

company-website · Ceruvia Lifesciences · Jun 26, 2026 · Verified

4 sources

0 trials · 0 papers

programme-status-update

Clexio Biosciences

CLE-905 (M1/M4 Muscarinic Agonist)

Compound not specified

Phase I

Programme phase

CLE-905 Phase 1 Programme (Schizophrenia) — Syremis spinout

SchizophreniaUS (FDA)Active

Licensed/spun out to Syremis Therapeutics. Fierce Biotech reported Syremis launched on 2025-12-18 with a $165M Series A and ST-905/CLE-905 in Phase 1 development for schizophrenia and other neuropsychiatric conditions; Syremis also lists ST-905 as a potent M1/M4 preferential muscarinic agonist.

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Syremis launches with $165M Series A to advance ST-905/CLE-905

News / media · Fierce Biotech · Dec 18, 2025 · Verified

Milestone: Licensing deal · actual Jun 1, 2024

3 sources

0 trials · 0 papers

Phase I topline · likely Q4 2026

DemeRx

DMX-1001 (Noribogaine)

Ibogaine
Phase I

Programme phase

DMX-1001 Programme (AUD) — Neuroplastogen / GDNF Enhancer

Phase 1 MAD trial completed in 55 healthy volunteers (NCT06480981), with January 2026 safety/tolerability/PK results supporting Phase 2 development. FDA accepted the DMX-1001 IND for AUD in April 2026; DemeRx says an alcohol-interaction trial will support Phase 2 start in 2027.

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NIH RePORTER Project 11061564 - Noribogaine for AUD

grant-database · NIH RePORTER · Jun 27, 2026 · Verified

8 sources

0 trials · 0 papers

Forecast saved

Phase I

Programme phase

GH002 — Phase 1 Healthy Volunteers

Healthy VolunteersUS (FDA)Completed

GH002 Phase 1 healthy-volunteer study is complete. GH Research clinical-trials materials describe the IV mebufotenin study as n=64 with no severe or serious adverse events, and the FY2025 update continues to list GH002 as an IV mebufotenin product candidate. No patient-indication next step has been publicly announced.

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GH Research — Clinical Trials Overview

company-website · GH Research · Jun 27, 2026 · Verified

4 sources

1 trials · 0 papers

No forecast saved

Lobe Sciences

L-130 (Psilocin Mucate / Conjugated Psilocin™)

Psilocybin
Phase I

Programme phase

L-130 Programme (Cluster Headache / OUD) — via Cynaptec Pharmaceuticals

Phase 1 NCT06035900 is completed and a 2024 publication reports first-in-human pharmacokinetic data. Lobe reported on 2026-05-06 that R&D spend increased primarily from advancement of Cynaptec Pharmaceuticals L-130 work; no public Phase 2 start was found in this pass.

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Lobe Sciences Q2 2026 update notes continued L-130 advancement

Press release · Lobe Sciences / ACCESS Newswire · May 6, 2026 · Verified

Milestone: Company milestone · actual Sep 9, 2025

15 sources

0 trials · 0 papers

Phase II started · likely Q1 2027

Lophora

LPH-5

Compound not specified

Phase I

Programme phase

LPH-5 Phase I Programme (TRD/MDD) — EMA-authorised

Lophora dosed first subjects in Phase 1 in May 2025 and reported positive Phase 1 topline results for LPH-5 on June 10, 2026; the company now describes LPH-5 as entering Phase Ib.

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Lophora Announces Positive Phase 1 Topline Results for LPH-5

Press release · Lophora · Jun 10, 2026 · Verified

9 sources

0 trials · 0 papers

Phase II started

Mindset Pharma

MSP-2020

Compound not specified

Phase I

Programme phase

MSP-2020 Phase 1 Programme (MDD) — Otsuka lead neuroplastogen

MSP-2020 is listed in Otsuka's Mar. 31, 2026 pipeline as an oral Phase I psychiatry/neurology programme. A recruiting Phase 1 PET/brain-imaging study, NCT07329621, began in January 2026.

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ClinicalTrials.gov NCT07329621 - MSP-2020 5-HT2A PET Binding Study

clinical-trial-registry · ClinicalTrials.gov · Jun 12, 2026 · Verified

5 sources

0 trials · 0 papers

Forecast saved

Mindstate Design Labs

MSD-001 (5-MeO-MiPT)

Compound not specified

Phase I

Programme phase

MSD-001 Phase 1 Programme (Mood/Anxiety) — CHDR Netherlands

MSD-001 Phase 1 SAD study NCT06702332 is completed. Mindstate announced topline results on 2025-09-24: MSD-001 was safe and well tolerated, showed dose-proportional linear PK, produced narrowly defined psychoactive effects without hallucinations, and will primarily serve as a base compound for fixed-dose combinations. The next watch item is initiation or registration of a fixed-dose combination Phase 1 study.

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Mindstate Design Labs Pipeline - MSD-001

company-website · Mindstate Design Labs · Jun 26, 2026 · Verified

Milestone: Funding milestone · actual Feb 1, 2022

10 sources

0 trials · 0 papers

Phase I started · likely Q1 2027

MycoMedica Life Sciences

MLS101 (Low-Dose Psilocybin)

Psilocybin
Phase I

Programme phase

MLS101 Phase 1 Programme (SAD/MAD/Neuroimaging) — Australia

Three MLS101 Phase 1 studies are completed on ClinicalTrials.gov, including the fMRI/translational study NCT07050368 with actual completion on 2026-01-13 and last update posted 2026-02-13. No public Phase 1 data package or Phase 2 start was found in this pass.

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MycoMedica Programs - Low-Dose Psilocybin Trials

company-website · MycoMedica Life Sciences · Jun 27, 2026 · Verified

11 sources

0 trials · 0 papers

Phase I publication · likely Q4 2026

Neurala Biosciences

NBX-100 (Oral DMT + Harmala Alkaloids)

Ayahuasca
Phase I

Programme phase

NBX-100 (1st gen) — Phase 1 PoC (St Vincent's Melbourne)

Major Depressive Disorder (MDD)Australia (TGA)Completed

Completed. Phase 1 proof-of-concept with first-generation DMT-harmala formulation. Results published in Scientific Reports (Nature Portfolio) early 2025.

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Neurala Biosciences — Official Website

company-website · Neurala Biosciences · Jun 27, 2026 · Verified

6 sources

0 trials · 0 papers

No forecast saved

Neurala Biosciences

NBX-100 (Oral DMT + Harmala Alkaloids)

Ayahuasca
Phase I

Programme phase

NBX-100 (2nd gen) — Phase 1 PK/PD (CMAX Adelaide)

Alcohol Use Disorder (AUD)Australia (TGA)Active

HREC and TGA regulatory approvals granted. GMP drug product final release testing completed Jan 2026. All clinical and CRO contracts in place. Phase 1 PK/PD study at CMAX Clinical Research (Adelaide) commencing. Second-generation formulation with proprietary harmala alkaloid refinements.

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Neurala Biosciences — Official Website

company-website · Neurala Biosciences · Jun 27, 2026 · Verified

7 sources

0 trials · 0 papers

Phase II started

Reconnect Labs

RE01 (Sublingual DMT + Harmine)

Compound not specified

Phase I

Programme phase

RE01 — Phase 1 Safety & PK (Cocaine/Stimulant SUD)

Substance Use Disorders (SUD)Switzerland (Swissmedic)Active

Phase 1 studies NCT04716335 and NCT05829603 are complete, with peer-reviewed DMT/harmine formulation data published. Reconnect still lists RE01 for cocaine and stimulant use disorder, and a March 2026 company release highlighted RE01 as a controllable, scalable psychedelic architecture.

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Reconnect Labs Clinical Pipeline

company-website · Reconnect Labs · Jun 27, 2026 · Verified

8 sources

0 trials · 0 papers

Phase II started · likely Q1 2027

Reconnect Labs

RE02 (Sublingual 5-MeO-DMT)

Compound not specified

Phase I

Programme phase

RE02 — Phase 1 (Treatment-Resistant GAD)

Anxiety DisordersSwitzerland (Swissmedic)Active

The Phase 1 RE02 registry remains listed as terminated after 4 participants. Reconnect's current pipeline still describes RE02 as a rapid-acting, non-addictive anxiolytic for treatment-resistant GAD, so the next action is company clarification of Phase 1 outcome and Phase 2a timing.

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Reconnect Labs Clinical Pipeline

company-website · Reconnect Labs · Jun 26, 2026 · Verified

4 sources

0 trials · 0 papers

Phase II started · likely Q2 2027

Scottsdale Research Institute

Whole Psilocybin Mushroom (Psilocybe cubensis)

Psilocybin
Phase I

Programme phase

Whole Mushroom Psilocybin Phase 1/2 PTSD (NCT07275970) — FDA Authorized

PTSDUS (FDA)Active

Recruiting Phase 1 trial NCT07275970 is listed with a February 2026 start for whole psilocybin-containing mushrooms in adults with PTSD. Recent reporting says Arizona funding and first-responder interest are supporting the study.

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First Responders with PTSD Are Turning to Arizona Psilocybin Trial

news · InvestigateTV · Apr 24, 2026 · Verified

Milestone: Phase I started · actual Dec 1, 2025

8 sources

0 trials · 0 papers

Phase I topline

Seaport Therapeutics

GlyphAgo (SPT-320)

Compound not specified

Phase I

Programme phase

GlyphAgo Phase 1 Programme (GAD/MDD)

Anxiety DisordersUS (FDA)Active

Phase 1 GlyphAgo/SPT-320 trial has positive SAD, crossover, and MAD data reported through June 2026. Seaport plans a Phase 2a GAD trial in H2 2026 and a Phase 2b GAD trial in H1 2027.

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ANZCTR 389549 - Phase 1 Single and Multiple Ascending Dose Trial of SPT-320

clinical-trial-registry · ANZCTR · Jun 26, 2026 · Verified

Milestone: Phase I started · actual Sep 1, 2025

9 sources

0 trials · 0 papers

Phase II started

Terran Biosciences

Idazoxan XR (Alpha-2 Adrenergic Antagonist)

Compound not specified

Phase I

Programme phase

Idazoxan XR — Phase 1 PK/Safety (NCT05727189)

Idazoxan XR Phase 1 study NCT05727189 is active, not recruiting. ClinicalTrials.gov lists 150 estimated participants, multiple extended-release idazoxan formulations, and estimated primary/completion dates in December 2027.

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Terran Biosciences Pipeline - Idazoxan XR

company-website · Terran Biosciences · Jun 27, 2026 · Verified

5 sources

0 trials · 0 papers

Phase I completed · likely Q4 2027

2A Biosciences

SAI NCE — Ophthalmology Nerve Regeneration (Lead)

Compound not specified

Preclinical

Programme phase

SAI NCE — IND-Enabling Ophthalmology Nerve Regeneration

Neurological InjuryUS (FDA)Active

IND-enabling studies underway (as of August 2025). Human clinical trials targeted for November 2026. Preclinical programme demonstrated corneal nerve regeneration, RGC protection in glaucoma, and resolution of ocular inflammation in animal models.

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2A Biosciences — Pipeline & Milestones (Pitch.vc)

industry-media · Pitch.vc · Jun 27, 2026 · Verified

Milestone: data-readout · actual Nov 1, 2024

6 sources

0 trials · 0 papers

Forecast saved

AbbVie

GM-5022

Compound not specified

Preclinical

Programme phase

GM-5022 / AbbVie-Partnered Neuroplastogens - Depression & Anxiety

Depressive DisordersUS (FDA)Active

Preclinical AbbVie-partnered neuroplastogen programme. AbbVie/Gilgamesh collaboration remains active after AbbVie acquired only bretisilocin; Gilgamesh now presents the class as non-hallucinogenic Neuroplastogens for depression and anxiety.

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Gilgamesh Pharma - Pipeline

company-website · Gilgamesh Pharma · Jun 26, 2026 · Verified

6 sources

0 trials · 0 papers

Preclinical completed

Alexander Shulgin Research Institute

ASR-2001 (2CB-5PrO)

Compound not specified

Preclinical

Programme phase

ASR-2001 Preclinical Programme

Indication unknownUS (FDA)Active

Preclinical phenylalkylamine work remains supported by ASRI 2024 patent filings and news updates; no clinical trial registration was found in this pass.

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ASRI Latest News - Phenylalkylamine Programme

company-website · Alexander Shulgin Research Institute · Jun 26, 2026 · Verified

2 sources

0 trials · 0 papers

preclinical-data

Preclinical

Programme phase

ASR-3001 IND-Enabling Programme (Depression/Anxiety)

ASRI continues to describe ASR-3001 as its advanced tryptamine candidate, supported by 2024 patent filings. No public IND filing was found in this pass.

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ASRI latest-news archive notes $7.2M seed financing round

company-website · Alexander Shulgin Research Institute · Jun 27, 2026 · Verified

Milestone: Funding milestone · actual Dec 9, 2021

9 sources

0 trials · 0 papers

Regulatory filing submitted

Preclinical

Programme phase

5-MeO-DMT Preclinical Programme (SUD) — UCD Dublin collaboration

Alvarius still presents a 5-MeO-DMT substance-use programme and planned Phase 1 safety work on its website, but no public clinical trial registration or Phase 1 start confirmation was found in this pass.

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Alvarius Pharmaceuticals - 5-MeO-DMT Programme

company-website · Alvarius Pharmaceuticals · Jun 26, 2026 · Verified

Milestone: preclinical-data · actual Jun 1, 2023

9 sources

0 trials · 0 papers

Forecast saved

Arcadia Medicine

AM-1004 (Combination Entactogen-Antidepressant)

Compound not specified

Preclinical

Programme phase

AM-1004 — Preclinical MDD

Preclinical/discovery. Arcadia lists AM-1004 for MDD as a short-acting psychoactive-empathogen combination therapy; no IND or clinical trial has been announced as of June 2026.

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Arcadia Medicine — Pipeline

company-website · Arcadia Medicine · Jun 26, 2026 · Verified

Milestone: Preclinical started · actual Oct 6, 2025

4 sources

0 trials · 0 papers

Preclinical completed

Arcadia Medicine

AM-1006 (Intranasal Low-Dose Psychoactive)

Compound not specified

Preclinical

Programme phase

AM-1006 — Preclinical SUD

Preclinical/discovery. Arcadia lists AM-1006 for substance use disorder/substance abuse as a short-acting subperceptual psychoactive drug intended for hour-long therapeutic settings.

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Arcadia Medicine — Pipeline

company-website · Arcadia Medicine · Jun 26, 2026 · Verified

Milestone: Preclinical started · actual Oct 6, 2025

4 sources

0 trials · 0 papers

Preclinical completed

BetterLife Pharma

BETR-001

Compound not specified

Preclinical

Programme phase

BETR-001 IND-Enabling Programme (MDD/Anxiety/Cluster Headache)

BETR-001 remains in final IND-enabling development. BetterLife closed CAD $2M financing on 2026-06-22 to fund remaining FDA IND work, then engaged Syner-G on 2026-06-25 to oversee GMP manufacturing for the planned IND and Phase 1 programme. The initial clinical focus has shifted to chronic cluster headache and chronic migraine, with IND filing and Phase 1 start projected for Q1 2027.

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BetterLife engages Syner-G for BETR-001 GMP manufacturing toward IND and Phase 1

Press release · BetterLife Pharma / Newsfile · Jun 25, 2026 · Verified

Milestone: Company milestone · actual Jan 1, 2025

10 sources

0 trials · 0 papers

Regulatory filing submitted · likely Q1 2027

Preclinical

Programme phase

BMND06 Preclinical Programme (Obesity via Neurological Pathway)

BMND06 remains publicly positioned for obesity through neurological pathways, based on Biomind's July 2024 update and current company pipeline language.

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Biomind Labs Pharma Pipeline

company-website · Biomind Labs · Jun 26, 2026 · Verified

Milestone: Preclinical completed · actual Jul 1, 2024

4 sources

0 trials · 0 papers

preclinical-data

Bright Minds Biosciences

BMB-201

Compound not specified

Preclinical

Programme phase

BMB-201 — Headache/Pain Preclinical

Positive preclinical pain and vascular-headache data support advancement toward clinical development. No IND filing or human-study start was found in the June 2026 sweep, so the next watch item remains additional preclinical/IND-enabling disclosure or a clinical-trial start announcement.

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Bright Minds Biosciences Pipeline

company-website · Bright Minds Biosciences · Jun 26, 2026 · Verified

2 sources

0 trials · 0 papers

preclinical-data

Bright Minds Biosciences

BMB-202

Compound not specified

Preclinical

Programme phase

BMB-202 — Preclinical Depression

Depressive DisordersUS (FDA)Active

Preclinical 5-HT2A agonist for depression. Bright Minds’ recent communications emphasize BMB-101 and BMB-201; no clinical-stage BMB-202 update was found in June 2026 checks.

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Psychedelic Alpha — Psychedelic Drug Development Tracker

industry-media · Psychedelic Alpha · Jun 26, 2026 · Verified

3 sources

0 trials · 0 papers

Preclinical completed

CaaMTech

CT-4201 (Psilocin Prodrug)

Psilocybin
Preclinical

Programme phase

CT-4201 IND-Enabling Programme (MDD)

CT-4201 remains preclinical/IND-enabling; CaaMTech reported FDA feedback in November 2024 validating its functional-unblinding strategy for future MDD trials.

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CaaMTech Press Archive

company-website · CaaMTech · Jun 26, 2026 · Verified

Milestone: Company milestone · actual Apr 22, 2025

9 sources

0 trials · 0 papers

Phase I started

Emyria

MDMA Analogue Library (UWA Partnership)

Compound not specified

Preclinical

Programme phase

MDMA Analogue Library Preclinical Programme (UWA, 150+ compounds)

PTSDAustralia (TGA)Active

UWA/Emyria MDMA-analogue programme remains preclinical, with UWA 2025 award coverage confirming Emyria rights to the analogue library and initial Parkinson disease focus.

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UWA Research Recognised in Innovator of the Year Awards

university-news · University of Western Australia · Nov 1, 2025 · Verified

2 sources

0 trials · 0 papers

Forecast saved

Preclinical

Programme phase

EB-003 IND-Enabling Programme (PTSD/MDD)

PTSDUS (FDA)Active

EB-003 remains in 2026 IND preparation after Enveric completed dose-range studies and received FDA pre-IND feedback in 2025; first-in-human Phase 1 planning continues.

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Untitled source

Press release · BioSpace · Mar 30, 2026 · Verified

Milestone: Company milestone · actual Sep 2, 2025

14 sources

0 trials · 0 papers

Forecast saved

Equulus Therapeutics

EQL-101 (Non-Hallucinogenic Ibogaine Analog)

Compound not specified

Preclinical

Programme phase

EQL-101 — IND-Enabling Studies (OUD/SUD)

IND-enabling studies underway. First-in-human dosing targeted for Q4 2026. NIDA-funded preclinical work at RTI International confirms anti-addictive efficacy comparable to ibogaine in animal models. Transdiagnostic regulatory strategy targeting multiple indications.

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How Analog Ibogaine Could Help Conquer CNS Disorders — Drug Discovery Online

industry-media · Drug Discovery Online · Jun 27, 2026 · Verified

5 sources

0 trials · 0 papers

Regulatory filing submitted

Gilgamesh Pharma

M1/M4 Muscarinic Agonist Programme

Compound not specified

Preclinical

Programme phase

M1/M4 Muscarinic Agonist Preclinical Programme (Schizophrenia)

SchizophreniaUS (FDA)Active

Gilgamesh continues to list an M1/M4 muscarinic agonist programme for schizophrenia; no clinical-stage registration was found in this pass.

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Gilgamesh Pharma Pipeline - Muscarinic Programme

company-website · Gilgamesh Pharma · Jun 27, 2026 · Verified

2 sources

0 trials · 0 papers

Forecast saved

Journey Colab

JOUR-5700 (Synthetic Mescaline HCl)

Mescaline
Preclinical

Programme phase

JOUR-5700 Programme (AUD) — Pre-Phase 1

JOUR-5700 remains a preclinical mescaline HCl AUD programme in public databases and historical company coverage; no ClinicalTrials.gov registration or recent Journey Colab clinical-start update was found in this pass.

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Mescaline HCl - Journey Colab

drug-database · AdisInsight · Jun 26, 2026 · Verified

Milestone: Company milestone · actual Dec 1, 2023

9 sources

0 trials · 0 papers

Phase I started

Kuleon Bioscience

KB-128

Compound not specified

Preclinical

Programme phase

KB-128 IND-Enabling Programme (AUD) — Trifunctional 5-HT2C Agonist / 2A+2B Antagonist

KB-128 remains in IND-enabling/preclinical development for AUD, backed by a 2M NIAAA grant announced in September 2025.

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Kuleon Bioscience Science Platform

company-website · Kuleon Bioscience · Jun 26, 2026 · Verified

Milestone: preclinical-data · actual Jun 1, 2024

8 sources

0 trials · 0 papers

Phase I started

Lophora

LPH-48

Compound not specified

Preclinical

Programme phase

LPH-48 Preclinical Programme

LPH-48 remains a preclinical fast-follower to LPH-5, described by Lophora as a short-duration candidate with similar primary pharmacology. Lophora reported positive Phase 1 topline results for lead candidate LPH-5 on 2026-06-10, supporting continued platform development and Phase Ib entry for LPH-5.

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Lophora positive Phase 1 topline results for LPH-5 platform lead

Press release · Lophora · Jun 10, 2026 · Verified

3 sources

0 trials · 0 papers

preclinical-data · likely Q1 2027

Marvel Biosciences

MB-204 (Fluorinated Istradefylline Derivative)

Compound not specified

Preclinical

Programme phase

MB-204 Programme (Rett Syndrome / Fragile X) — Phase 1 imminent

MB-204 is moving toward Phase 1: Marvel selected Novotech as CRO in March 2026 after cGMP synthesis and GLP toxicology, while continuing Rett and Fragile X preclinical positioning.

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Untitled source

Press release · BioSpace · Mar 30, 2026 · Verified

Milestone: Funding milestone · actual Mar 30, 2026

10 sources

0 trials · 0 papers

Forecast saved

Mydecine Innovations

MYCO-004

Compound not specified

Preclinical

Programme phase

MYCO-004 Preclinical Programme (Transdermal Tryptamine, SUD)

MYCO-004 remains supported mainly by 2021 Mydecine disclosures as a patch-delivered tryptamine for SUD/smoking cessation. Mydecine changed its public company name to Noveris Health Sciences in February 2026; no recent MYCO-004 clinical-start confirmation was found.

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CSE Bulletin - Mydecine Name and Symbol Change

exchange-notice · Canadian Securities Exchange / Newsfile · Feb 2, 2026 · Verified

3 sources

0 trials · 0 papers

Forecast saved

Neurala Biosciences

NBX-200 (Intranasal DMT + Harmala)

Ayahuasca
Preclinical

Programme phase

NBX-200 — GMP Formulation Development (Ab Initio Pharma)

Major Depressive Disorder (MDD)Australia (TGA)Active

NBX-200 advanced in early 2026 with Neurala reporting Phase 1 data for second-generation DMT-harmala candidates; GMP formulation and manufacturing work for NBX-200 is underway with Ab Initio Pharma.

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Neurala Biosciences Company Profile

company-website · Neurala Biosciences · Jun 27, 2026 · Verified

4 sources

0 trials · 0 papers

Forecast saved

Palomar Labs

Ariadne / 4C-D / BL-3912A (5-HT2A Agonist)

Compound not specified

Preclinical

Programme phase

Ariadne (4C-D) — Parkinson's Apathy (Ariadne Bio)

Phase 1b study in Parkinson's apathy was planned for H1 2025 — launch not publicly confirmed. Developed through subsidiary Ariadne Bio (CEO: Shlomi Raz, ex-Goldman Sachs MD, founder of Eleusis, ex-President Beckley Psytech).

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Negev Labs — Official Website

company-website · Negev Labs · Jun 26, 2026 · Verified

3 sources

0 trials · 0 papers

Phase I started

Palomar Labs

Athena Programme (Prader-Willi / ADHD Aggression)

Compound not specified

Preclinical

Programme phase

Athena — Prader-Willi Aggression / ADHD Impulsivity

Athena remains an early/preclinical Palomar Labs programme; public support is thin, with investor-profile materials describing Athena Neurosciences for ADHD and the former Negev Labs site describing the broader venture-building model.

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Negev Labs Venture-Building Model

company-website · Negev Labs · Jun 26, 2026 · Verified

2 sources

0 trials · 0 papers

Regulatory filing submitted

Palomar Labs

ELE-02 (Ophthalmology Neuroplastogen, ex-Beckley/Eleusis)

Compound not specified

Preclinical

Programme phase

ELE-02 — Retinal Degeneration (Ophthalmology)

ELE-02/ophthalmology neuroplastogen programme remains preclinical after Negev acquired the Beckley Psytech ophthalmology programme in late 2024; no IND filing was found in this pass.

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Negev Labs Company Site

company-website · Negev Labs · Jun 26, 2026 · Verified

4 sources

0 trials · 0 papers

Regulatory filing submitted

Palomar Labs

HBL20017 (4-F-5-MeS-DMT)

Compound not specified

Preclinical

Programme phase

HBL20017 — OCD / Tic Disorders (Hadassah BrainLabs)

Preclinical completed with remarkable single-dose durability. No IND filed. Developed in collaboration with Hadassah BrainLabs Center for Psychedelic Research (Prof. Bernard Lerer) and synthesized by Pharmaron Inc.

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A Novel Non-Hallucinogenic Psychedelic for OCD and Tic Disorder — IJNP 2025

peer-reviewed · International Journal of Neuropsychopharmacology · Aug 1, 2025 · Verified

Milestone: Efficacy data · actual Aug 1, 2025

2 sources

0 trials · 0 papers

Regulatory filing submitted

PharmAla Biotech

ALA-002 (Non-Racemic MDMA)

Compound not specified

Preclinical

Programme phase

ALA-002 — Phase 2a/2b Social Anxiety in ASD (University of Sydney)

Autism Spectrum Disorder (ASD)Australia (TGA)Active

Phase 2a/2b preparation. UK-based CDMO contracted December 2025 for drug substance manufacture. ALA-002 capsule encapsulation on production schedule. Phase 2 protocol completed with University of Sydney (Dr. Adam Guastella, Michael Crouch Chair in Child and Youth Mental Health). Trial expected to initiate 2026 in Australia. No CTA/TGA approval yet announced.

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PharmAla Contracts UK CDMO for ALA-002 Drug Substance Manufacture

Press release · GlobeNewswire · Dec 15, 2025 · Verified

Milestone: Company milestone · actual Dec 15, 2025

6 sources

0 trials · 0 papers

Phase II started

PharmAla Biotech

APA-001 (Novel MDXX Molecule)

Compound not specified

Preclinical

Programme phase

APA-001 — Preclinical Development (Trauma/TBI/Neurological)

APA-01 is being advanced through Restora Neurosciences after a 2026 definitive SPV agreement, with the stated objective of a first FDA IND; preclinical proof-of-concept and patent evidence remain the core support.

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PharmAla Forms Restora Neurosciences SPV for APA-01 Clinical Development

Press release · BioSpace / PharmAla Biotech · May 1, 2026 · Verified

5 sources

0 trials · 0 papers

Regulatory filing submitted

Psilera

AUD Neuroplastogen (NIH/NIAAA-funded)

Psilocybin
Preclinical

Programme phase

AUD Neuroplastogen — NIH/NIAAA-funded IND-enabling

NIH/NIAAA SBIR grant-funded IND-enabling studies. Targeting serotonergic and glutaminergic pathways in AUD. Initial preclinical safety and toxicity assessments passed.

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Psilera Secures NIH Grant for AUD Research

Press release · BioSpace · Oct 3, 2025 · Verified

Milestone: Funding milestone · actual Oct 3, 2025

2 sources

0 trials · 0 papers

Regulatory filing submitted

Psilera

PSIL-025 (Anxiety Neuroplastogen)

Compound not specified

Preclinical

Programme phase

PSIL-025 — Preclinical Anxiety

Anxiety DisordersUS (FDA)Active

Preclinical non-hallucinogenic candidate for anxiety disorders. Public detail remains sparse, and Psilera’s 2026 financing/news emphasizes PSIL-006 as lead asset.

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Psychedelic Alpha — Psychedelic Drug Development Tracker

industry-media · Psychedelic Alpha · Jun 26, 2026 · Verified

Milestone: Preclinical started · actual May 17, 2024

4 sources

0 trials · 0 papers

Preclinical completed

Psy Therapeutics

PSY-05 (Anxiety / PTSD)

Compound not specified

Preclinical

Programme phase

PSY-05 — Preclinical (GAD / PTSD)

Anxiety DisordersUS (FDA)Active

Public sources conflict on naming: Psy March 2025 highlights use PSY-05 for an oral pain/PTSD programme entering IND-enabling, whereas the current Psy site lists PSY-05001 for pain/PTSD and does not list a separate PSY-05. Synapse tracks PSY-05 as pending/preclinical. Keep this record visible as a mapping-cleanup and waiting-on-news item.

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Synapse Psy Therapeutics organization pipeline snapshot

drug-database · Synapse / PatSnap · Jun 26, 2026 · Verified

3 sources

0 trials · 0 papers

programme-status-update

Psy Therapeutics

PSY-05001 (Non-Opioid Analgesic)

Compound not specified

Preclinical

Programme phase

PSY-05001 — IND-Enabling (Chronic Pain / PTSD Sleep)

Chronic PainUS (FDA)Active

IND-enabling studies in progress. Lead optimization completed. Preclinical efficacy confirmed in neuropathic, inflammatory, and post-operative pain models (Mar 2025). US composition of matter patent allowed through 2042. Company raising $10M convertible note to advance into Phase 1 FIH study and enable Series A.

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Psy Therapeutics — Pipeline (Patent Disclosure)

company-website · Psy Therapeutics · Jun 26, 2026 · Verified

Milestone: ip-milestone · actual Jun 1, 2024

4 sources

0 trials · 0 papers

Regulatory filing submitted

Red Light Holland

Natural Psilocybin R&D (Irvine Labs)

Psilocybin
Preclinical

Programme phase

Natural Psilocybin R&D Programme (Irvine Labs + Filament Health acquisition)

Red Light completed the Filament Health acquisition on April 30, 2026, adding botanical psilocybin IP, GMP manufacturing, and clinical authorization assets; Irvine Labs import activity remains relevant to natural psilocybin R&D.

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Filament PEX010 Selected by UCSF for Study

Press release · Yahoo Finance / Red Light Holland · May 1, 2026 · Verified

7 sources

0 trials · 0 papers

Forecast saved

Remedi Therapeutics

CX157 + DMT (Oral Pharmahuasca)

Compound not specified

Preclinical

Programme phase

CX157 + DMT — Preclinical Development

Preclinical platform development. No IND filed for the CX157+DMT combination. CX157 previously had an FDA IND (approved Jan 2007 under CeNeRx) but status unclear after 2013 development termination. Patent WO2024108195A1 filed Nov 2023 covering CX157 + tryptamine combinations. Company seeks partnerships and collaborations.

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Remedi Therapeutics — Company Website

company-website · Remedi Therapeutics · Jun 26, 2026 · Verified

9 sources

0 trials · 0 papers

Regulatory filing submitted

Reunion Neuroscience

RE245

Compound not specified

Preclinical

Programme phase

RE245 — Preclinical / IND-Enabling

Depressive DisordersUS (FDA)Active

RE245 remains Reunion's lead non-psychedelic discovery-stage 5-HT2A agonist. Reunion reiterated in February, May, and June 2026 that it plans to file an IND in 2026; no IND submission or clearance announcement was found in this pass.

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Reunion Neuroscience Programs - RE245

company-website · Reunion Neuroscience · Jun 27, 2026 · Verified

4 sources

0 trials · 0 papers

Regulatory filing submitted · likely Q4 2026

Revive Therapeutics

Bucillamine

Compound not specified

Preclinical

Programme phase

Bucillamine — Nerve Agent Countermeasure (DRDC)

Neurological InjuryCanada (HC)Active

Research study with Defence R&D Canada (DRDC) — Suffield Research Centre nearing completion (targeted Sep 2025). Bucillamine for nerve agent-induced brain injury (sarin, soman, tabun, VX). Health Canada approval for strategic stockpiling targeted 2026. Five Eyes procurement opportunity (Canada, US, UK, Australia, NZ).

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Revive Therapeutics — Pipeline

company-website · Revive Therapeutics · Jun 27, 2026 · Verified

2 sources

0 trials · 0 papers

Forecast saved

Revive Therapeutics

Bucillamine

Compound not specified

Preclinical

Programme phase

Bucillamine — Phase 2 Long COVID

Neurological InjuryUS (FDA)Active

Phase 2 Long COVID study planned. FDA Type C meeting (Jun 2024) recommended new IND with cross-reference to prior COVID-19 IND (NCT04504734, Phase 3, terminated by DSMB). IND submission targeted Q1 2025; FDA approval of protocol expected Q2 2025. No confirmation IND has been filed. Extremely limited cash ($14,560 as of Jun 2025).

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Revive Therapeutics — Pipeline

company-website · Revive Therapeutics · Jun 27, 2026 · Verified

4 sources

0 trials · 0 papers

Phase II started

Shortwave Life Sciences

Psilocybin + Beta-Carboline Buccal Film

Psilocybin
Preclinical

Programme phase

Psilocybin + Beta-Carboline Buccal Film — Feasibility Study (Anorexia Nervosa)

Eating DisordersOtherActive

Shortwave continues to position its psilocybin buccal film around an anorexia feasibility study; 2025 coverage says the company is working to show safe delivery and clinical-practice integration.

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Shortwave Explains Potential of Psilocybin Therapy for Anorexia

industry-media · Psychedelic Health · Dec 10, 2025 · Verified

Milestone: Company milestone · actual Dec 4, 2025

9 sources

0 trials · 0 papers

preclinical-data

Silo Pharma

SPC-15

Compound not specified

Preclinical

Programme phase

SPC-15 IND-Enabling Programme (PTSD) — Columbia University licence

PTSDUS (FDA)Active

SPC-15 remains in IND-enabling work for PTSD/stress-induced anxiety, with GLP safety work at Frontage and public 2025 plans for IND submission and potential 2026 Phase 1.

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Silo Plans SPC-15 IND Submission and Potential Phase 1 in 2026

industry-media · Quiver Quantitative · Jul 1, 2025 · Verified

8 sources

0 trials · 0 papers

Regulatory filing submitted

Solvonis Therapeutics

SVN-015

Compound not specified

Preclinical

Programme phase

SVN-015 Preclinical Programme (Stimulant Addiction, NIDA-funded)

SVN-015 was accepted into the NIDA Addiction Treatment Discovery Program on 2025-12-03 for methamphetamine and cocaine addiction. NIDA support covers cardio-risk and preclinical efficacy studies; the next watch item is 2026 preclinical readout or IND-enabling guidance.

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SVN-015 accepted into NIDA Addiction Treatment Discovery Program

Press release · Solvonis Therapeutics · Dec 3, 2025 · Verified

Milestone: Funding milestone · actual Dec 1, 2025

2 sources

0 trials · 0 papers

preclinical-data · likely Q4 2026

Solvonis Therapeutics

SVN-SDN-14

Compound not specified

Preclinical

Programme phase

SVN-SDN-14 Preclinical Programme (PTSD)

PTSDUS (FDA)Active

SVN-SDN-14 has produced positive preclinical PTSD data, and Solvonis selected SVN-114 as the lead candidate from the series in 2026.

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Solvonis SVN-114 Programme

company-website · Solvonis Therapeutics · Jun 27, 2026 · Verified

3 sources

0 trials · 0 papers

Forecast saved

Soneira

SON-001 (Ibogaine + Cardiac Protectant)

Compound not specified

Preclinical

Programme phase

SON-001 — TBI / Neuropsychiatric Development

Pre-clinical stage. No Soneira-sponsored clinical trial registered on ClinicalTrials.gov. No IND filing or FDA pre-IND meeting publicly disclosed. Stanford MISTIC study (NCT04313712, observational, NOT FDA-regulated) provides foundational clinical data. Two patent applications filed jointly with Stanford (Sep 2023). Company path forward unclear after loss of founding advisor Nolan Williams (Oct 2025).

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Nolan Williams Obituary — Stanford Medicine

Press release · Stanford Medicine · Dec 1, 2025 · Verified

Milestone: Company milestone · actual Oct 8, 2025

9 sources

0 trials · 0 papers

Regulatory filing submitted

Tactogen

Novel Entactogen Library (TACT833/411/523)

Compound not specified

Preclinical

Programme phase

Novel Benzofuran Entactogen Library Preclinical Programme

PTSDUS (FDA)Active

TACT833/411/523 remains a preclinical Tactogen entactogen programme. Public evidence is mostly undated company pipeline language, older patent applications, and drug-database tracking; no fresh trial, IND, financing, or candidate-selection update was found in the June 2026 sweep. Keep as waiting-on-news.

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TACT411/833 Drug Profile

drug-database · PatSnap Synapse · Jun 26, 2026 · Verified

4 sources

0 trials · 0 papers

preclinical-data

Terran Biosciences

Eplivanserin + Volinanserin (5-HT2A Antagonist Psychedelic Combos)

Compound not specified

Preclinical

Programme phase

Psychedelic + 5-HT2A Antagonist Combinations

Preclinical combo development. Eplivanserin and volinanserin have extensive Phase 3 safety databases (15,000+ patients). Exclusive license from University of Maryland Baltimore (Mar 2022) for psilocybin + 5-HT2A antagonist combination patents and data. 200+ patent applications across 30+ families covering prodrugs of psilocin, LSD, 2C-B, methylone, long-acting MDMA, oral DMT, 5-MeO-DMT.

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Terran Biosciences — Website

company-website · Terran Biosciences · Jun 26, 2026 · Verified

4 sources

0 trials · 0 papers

Regulatory filing submitted

Terran Biosciences

TerXT (Xanomeline + Trospium Prodrugs)

Compound not specified

Preclinical

Programme phase

TerXT — Phase 1 PK Bridging (Schizophrenia, 505(b)(2))

TerXT remains a non-psychedelic schizophrenia prodrug programme; Terran continues to position it for 505(b)(2)-style development, with PK bridging expected around the Cobenfy/KarXT regulatory window.

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Terran Biosciences Pipeline - TerXT

company-website · Terran Biosciences · Jun 26, 2026 · Verified

4 sources

0 trials · 0 papers

Regulatory filing submitted

Transneural Therapeutics

TN-001 (5-HT2A Partial Agonist / 5-HT2B Antagonist)

Compound not specified

Preclinical

Programme phase

TN-001 — IND-enabling MDD/PTSD

IND-enabling studies. ACNP 2026 preclinical data presented. CEO Lykins states wrapping up preclinical efforts and progressing into clinical trials. IND filing timeline not publicly disclosed.

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Transneural Therapeutics — Website

company-website · Transneural Therapeutics · Jun 27, 2026 · Verified

6 sources

0 trials · 0 papers

Regulatory filing submitted

Preclinical

Programme phase

MEO201 — 5-MeO-DMT Phase 2 Preparation

Depressive DisordersUS (FDA)Active

Usona reports completed CMC, manufacturing, protocol, vendor-selection, and study start-up work positioning MEO201 to move into Phase 2 efficacy studies. No public Phase 2 launch registration or first-patient announcement was found in the June 2026 sweep, so this remains a waiting-on-news Phase 2-start watch item.

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Usona Institute — 5-MeO-DMT Programme Page

company-website · Usona Institute · Jun 26, 2026 · Verified

Milestone: Preclinical completed · actual Dec 1, 2024

5 sources

0 trials · 0 papers

Phase II started · likely Q4 2026

Xylo Bio

XYL-1001 (formerly PSYLO-100X)

Compound not specified

Preclinical

Programme phase

XYL-1001 IND-Enabling Programme (Depression/Anxiety)

XYL-1001 remains in IND-enabling/manufacturing scale-up, with Xylo reporting rebrand/pipeline progress in 2025 and first-in-human trials planned around mid-2026.

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Xylo Bio Company Site

company-website · Xylo Bio · Jun 26, 2026 · Verified

9 sources

0 trials · 0 papers

Forecast saved

2A Biosciences

SAI Anti-Inflammatory Platform (CNS & Systemic)

Compound not specified

Discovery

Programme phase

SAI Anti-Inflammatory Platform - CNS/Systemic Discovery

Discovery-stage serotonergic anti-inflammatory platform extending 5-HT2A precision agonism beyond the ophthalmology lead into CNS neurodegeneration and systemic inflammatory indications. Company site says 2A is in stealth and preparing for clinical study initiation, but no platform-specific IND or trial has been announced.

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2A Biosciences - Company Website

company-website · 2A Biosciences · Jun 26, 2026 · Verified

Milestone: Discovery started

3 sources

0 trials · 0 papers

Preclinical started

Alexander Shulgin Research Institute

XOB

Compound not specified

Discovery

Programme phase

XOB Discovery Programme (Bipolar Disorder)

Bipolar DisorderUS (FDA)Active

XOB remains a discovery-stage bipolar disorder programme, supported by ASRI 2024 announcement and peer-reviewed pharmacology characterisation.

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ASRI Latest News - XOB Bipolar Discovery

company-website · Alexander Shulgin Research Institute · Jun 26, 2026 · Verified

Milestone: Discovery started · actual May 1, 2024

5 sources

0 trials · 0 papers

preclinical-data

AtaiBeckley

Novel 5-HT2AR Agonists

Compound not specified

Discovery

Programme phase

Non-hallucinogenic 5-HT2A/2C agonists — OUD/TRD discovery

NIH/NIDA-funded discovery and lead-optimization programme for non-hallucinogenic 5-HT2A/2C receptor agonists, initially focused on OUD with TRD also listed in company pipeline language.

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Psychedelic Alpha — Non-Hallucinogenic Psychedelic Pipeline Tracker

industry-media · Psychedelic Alpha · Jun 26, 2026 · Verified

5 sources

0 trials · 0 papers

Preclinical started · likely Q4 2026

Biomia

MIA Drug Discovery Platform

Compound not specified

Discovery

Programme phase

MIA Neuroplastogen Discovery Platform (Yeast Biomanufacturing)

Discovery-stage platform remains active; Biomia announced an IRLAB collaboration in January 2026 to evaluate drug candidates using IRLAB's Integrative Screening Process.

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Biomia - AI and Yeast-Based CNS Drug Discovery

company-website · Biomia · Jun 26, 2026 · Verified

Milestone: Company milestone · actual Jan 1, 2022

8 sources

0 trials · 0 papers

candidate-selection

CB Therapeutics

Biosynthetic Psilocybin

Psilocybin
Discovery

Programme phase

Biosynthetic Psilocybin / Tryptamine Platform

Precision fermentation platform for psilocybin, DMT, and tryptamine analogues. Cleveland Clinic MOU (2020) for clinical trial supply. No clinical trials initiated. No public updates since mid-2020.

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CB Therapeutics — Precision Synthetic Biology

company-website · CB Therapeutics · Jun 26, 2026 · Verified

8 sources

0 trials · 0 papers

preclinical-data

CB Therapeutics

DMT Analogues

DMT
Discovery

Programme phase

DMT / Tryptamine Analogues — Precision Fermentation Discovery

Discovery/supply-platform programme. CB Therapeutics has demonstrated DMT and tryptamine analogue biosynthesis in yeast and now presents TryptageniX as a rare-alkaloid precision-fermentation programme; no sponsor-led clinical trial has been disclosed.

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CB Therapeutics — Precision Synthetic Biology

company-website · CB Therapeutics · Jun 26, 2026 · Verified

4 sources

0 trials · 0 papers

preclinical-data

Elkedonia

Elk1 Small Molecule Neuroplastogens

Compound not specified

Discovery

Programme phase

Elk1 Neuroplastogen Discovery Programme (Depression)

Discovery/lead-optimization stage; Elkedonia launched with an 11.25M seed round in June 2025 and recent coverage continues to describe first-in-class Elk1 inhibitors for treatment-resistant depression.

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Elkedonia Raises 11.25M Seed Round to Advance Neuroplastogen Therapy

industry-media · Pharmaceutical Technology · Jun 19, 2026 · Verified

Milestone: Funding milestone · actual Jun 11, 2025

8 sources

0 trials · 0 papers

candidate-selection

Entheos Labs

ET-01 (Synthetic Neuroplastogen)

Compound not specified

Discovery

Programme phase

ET-01 — Preclinical Discovery

iPSC-based high-throughput neuroplasticity screening underway. ET-01 identified as lead from botanical compound library. Preclinical characterisation in progress — no IND filed, no ClinicalTrials.gov entries. Company is entirely in discovery/preclinical stage. $3.58M seed capital secured Sep 2024, SEC Form D filed Oct 2024 for up to $10M raise. Team building with world-class SAB: Robin Carhart-Harris, Adam Gazzaley, Sarah O'Connor.

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Psychedelic Alpha — Entheos Labs Coverage

industry-media · Psychedelic Alpha · Jun 27, 2026 · plausible

5 sources

0 trials · 0 papers

preclinical-data

Equulus Therapeutics

Serotonin Releaser Platform (MDMA-Inspired & Fenfluramine-Class)

Compound not specified

Discovery

Programme phase

Serotonin Releaser Platform - PTSD/SUD Discovery

PTSDUS (FDA)Active

Discovery-stage 5-HT releaser platform covering an MDMA-inspired PTSD asset and a next-generation fenfluramine-class programme. Equulus lists candidate selection as the next milestone; October 2025 secondary coverage also describes the 5-HT releaser/MDMA analog and related non-psychedelic pipeline. No IND has been disclosed for the serotonin-releaser assets.

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Bruce Blough — RTI International Expert Profile

company-website · RTI International · Jun 27, 2026 · Verified

7 sources

0 trials · 0 papers

Discovery completed

Psy Therapeutics

PSY-01 (Brain-Penetrant COMT Inhibitor)

Compound not specified

Discovery

Programme phase

PSY-01 — Lead Optimization (MDD / Parkinson's)

Lead optimization. NIMH SBIR Phase I funded ($458,385) — "Development of brain-penetrant COMT inhibitors for the treatment of depressive disorders." In-vivo biomarker data (PRT mouse model) targeted Mar 2025. Novel non-nitrocatechol scaffold from X-Chem DEL screen avoids liver toxicity and poor CNS penetration of existing COMT inhibitors.

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Psy Therapeutics — Pipeline

company-website · Psy Therapeutics · Jun 26, 2026 · Verified

2 sources

0 trials · 0 papers

preclinical-data

Psy Therapeutics

PSY-02 (Tau Oligomerization Inhibitor)

Compound not specified

Discovery

Programme phase

PSY-02 — Lead Optimization (Alzheimer's / Tauopathies)

Current Psy site lists PSY-02 as a tau oligomerization inhibitor rapidly advancing through lead optimization. March 2025 company highlights said cell-based assays confirmed tau anti-aggregation and Michael J. Fox Foundation financed in-vivo proof-of-principle readouts were expected in 2H25; Synapse still lists PSY-02 as preclinical in its 2026 snapshot. No public PoC readout was found in this sweep.

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Psy Therapeutics Pipeline — MJFF-Funded Tau Program

company-website · Psy Therapeutics · Jun 27, 2026 · Verified

Milestone: Funding milestone · actual Jan 1, 2024

5 sources

0 trials · 0 papers

preclinical-data

Psy Therapeutics

PSY-06 (MDD — Potential Best-in-Class)

Compound not specified

Discovery

Programme phase

PSY-06 — Lead Optimization (MDD)

Psy Therapeutics current pipeline does not list a separate PSY-06 asset. Synapse tracks PSY-06 as pending/preclinical for depressive disorder in its 2026 organization snapshot and direct drug profile. Keep as secondary-source-only pending company confirmation.

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Psy Therapeutics — Pipeline

company-website · Psy Therapeutics · Jun 27, 2026 · Verified

3 sources

0 trials · 0 papers

programme-status-update

Remedi Therapeutics

CX157 + 5-MeO-DMT (Oral Combination)

Compound not specified

Discovery

Programme phase

CX157 + 5-MeO-DMT - Oral Combination Discovery

Discovery-stage oral combination concept pairing CX157, a selective reversible MAO-A inhibitor, with 5-MeO-DMT or other 5-HT2A agonists. Public evidence is limited to Remedi platform language and a published patent family; no IND or trial has been found.

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Remedi Therapeutics - Redefining DMT Delivery

company-website · Remedi Therapeutics · Jun 26, 2026 · Verified

4 sources

0 trials · 0 papers

Preclinical started

Transneural Therapeutics

Undisclosed Programme 2

Compound not specified

Discovery

Programme phase

Undisclosed Neuroplastogen Programme 2 - Discovery

Undisclosed second programme in Transneural broader small-molecule neuroplastogen pipeline. Public materials confirm two additional programmes beyond TN-001, but mechanism, candidate name, and indication remain undisclosed.

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Transneural Therapeutics - Pipeline

company-website · Transneural Therapeutics · Jun 26, 2026 · Verified

4 sources

0 trials · 0 papers

Discovery completed

Drug development catalyst calendar

Expected trial, readout, regulatory, publication, and stale-window rows across late-stage programmes.

View calendar

Discovery

4 companies

Biomia

Private BiotechDiscovery

Biomia is a Copenhagen-based synthetic biology company developing novel plant-inspired drug candidates for unmet medical needs in pain, addiction, and depression. Using a proprietary AI-assisted drug discovery engine and fermentation-based biomanufacturing platform, the company engineers Monoterpene Indole Alkaloid (MIA) derivatives — a large family of plant-derived bioactive compounds including ibogaine analogs — with optimised halogenation to improve ADME properties and therapeutic profiles.

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CB Therapeutics

Private BiotechDiscovery

CB Therapeutics is a Carlsbad, California-based synthetic biology company developing biosynthetic psychedelic compounds and their novel analogues using a proprietary yeast fermentation platform. Founded in 2015, the company has raised $11.62M from investors including Y Combinator, Pioneer Fund, and re.Mind Capital. CB Therapeutics has achieved biosynthesis of psilocybin, psilocin, DMT, and MDMA analogs, holds seven granted patents with twelve pending, and has partnered with atai Life Sciences and Cleveland Clinic for clinical supply. Its PsyVault™ platform houses the largest collection of biosynthetic psychedelics and analogues.

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Elkedonia

Private BiotechDiscovery

Elkedonia is a French neuroplastogen biotech developing novel small molecules targeting the Elk-1 transcription factor, a key regulator of neuroplasticity within neuronal cells. Backed by €11 million in funding, the company is advancing clinical research into next-generation antidepressants that promote neuroplasticity without the adverse effects of traditional treatments, with CEO Delphine Charvin leading the programme.

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Entheos Labs

Private BiotechDiscovery

Entheos Labs is a Boston-based psychedelic medicines company founded in 2022 by Dr. Jerry Rosenbaum and Tristan Edwards, dedicated to discovering, developing, and deploying novel psychedelic medicines for unmet medical needs. The company is creating a pipeline of new chemical entities derived from overlooked natural psychedelic materials, with its lead candidate ET-01 targeting mood, anxiety, trauma, and substance use disorders.

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Preclinical

22 companies

2A Biosciences

Private BiotechPreclinical

2A Biosciences is a drug discovery company developing Serotonergic Anti-Inflammatories (SAIs) — non-hallucinogenic 5-HT2A receptor agonists that harness the peripheral anti-inflammatory properties of psychedelics without behavioural effects. Co-founded by pharmacologists Charles D. Nichols and David E. Nichols, the company's near-term programs target dermatological inflammatory conditions, with a broader platform addressing autoimmune and cardiovascular disease. The company has completed an oversubscribed seed round backed by biotech and psychedelic VCs.

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Alexander Shulgin Research Institute

Non-ProfitPreclinical

The Alexander Shulgin Research Institute (ASRI) was founded in 2021 by Dr. Nicholas Cozzi, Dr. Paul Daley, and the late Ann Shulgin, continuing the legacy of chemist Alexander Shulgin. The institute maintains the Shulgin Vault — a repository of over 500 compounds synthesized by Shulgin and ASRI scientists. Lead candidate ASR-3001 (5-MeO-iPALT) is an orally active, fast-acting tryptamine with a mild internal psychedelic profile and no visual hallucinations, near IND-ready for psychiatric disorders. ASR-2001 is a non-hallucinogenic compound producing mental clarity.

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Alvarius Pharmaceuticals

Private BiotechPreclinical

Alvarius Pharmaceuticals is an Irish bio-pharmaceutical company developing 5-MeO-DMT-based therapies for addiction and substance use disorders. Founded in 2021 and based in Dublin, the company conducts preclinical studies in collaboration with University College Dublin, combining acute 5-MeO-DMT administration with guided psychotherapy. Alvarius raised €5.5M in 2023 and has filed one patent.

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BetterLife Pharma

Public BiotechPreclinical

BetterLife Pharma (CSE: BETR / OTC: BETRF) is a Canadian biotech developing BETR-001, a first-in-class non-hallucinogenic LSD derivative (2-bromo-LSD / BOL-148) for MDD, anxiety, and neuropathic pain. BETR-001 was acquired from Transcend Biodynamics LLC and activates the 5-HT2A receptor at 60% efficacy — sufficient for neuroplastogenic antidepressant effects but below the threshold for hallucinogenic effects. A composition of matter patent was granted January 2025, IND filing projected H1 2026.

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CaaMTech

Private BiotechPreclinical

CaaMTech is a US psychedelic drug discovery company based in Issaquah, Washington, focused on novel tryptamine chemistry. Founded around 2018, the company raised $22M in a 2021 Series A and holds a CRADA with NIH/NIDA and a research collaboration with UMass Dartmouth. Its two flagship compound series are Prophoria™ (4-AcO-DMT analogues) and Amphoria™ (4-HO-MiPT analogues), which the company is developing as improved psychedelic therapeutics with potentially more targeted and safer profiles than existing compounds.

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Enveric Biosciences

Public BiotechPreclinical

Enveric Biosciences (NASDAQ: ENVB) is a clinical-stage biotech developing novel non-hallucinogenic neuroplastogenic DMT analogs for depression, anxiety, and addiction via its Psybrary™ discovery platform. Lead candidate EB-003 is a first-in-class compound designed to selectively engage both 5-HT2A and 5-HT1B receptors, delivering fast-acting antidepressant and anxiolytic effects without hallucinations. EB-003 completed pre-IND dose range studies (Aug 2025) and demonstrated positive preclinical PTSD data (July 2025), with IND filing targeted Q3 2025 and clinical initiation by end of 2025.

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Equulus Therapeutics

Private BiotechPreclinical

Equulus Therapeutics (Raleigh, NC) was founded in 2023 to develop non-hallucinogenic, non-cardiotoxic ibogaine analogs for substance use disorders. Lead candidate EQL-101 retains ibogaine’s anti-addictive efficacy while eliminating its hallucinogenic effects and cardiotoxicity (hERG inhibition). The company is advancing EQL-101 through IND-enabling studies targeting first-in-human dosing by Q4 2026. Co-founded by RTI medicinal chemist Bruce Blough and pharmacologist Kevin Murnane (LSU), who received a $2.4M NIH grant for methamphetamine use disorder research.

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Journey Colab

Private BiotechPreclinical

Journey Colab is a US psychedelic pharmaceutical company developing synthetic mescaline hydrochloride for alcohol use disorder (AUD). Founded in 2020, the company has raised $30.7M from investors including Sam Altman, Apollo Projects, and Drew Houston. Journey Colab has dedicated 10% of its founding equity to a Reciprocity Trust supporting Indigenous communities from which mescaline knowledge originates. The company is partnering with All Points North (APN) for an FDA-authorised Phase 2 clinical trial.

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Kuleon Bioscience

Private BiotechPreclinical

Kuleon Bioscience is a Seattle-based drug discovery company leveraging AI-based technology to identify novel serotonergic drugs for neuropsychiatric diseases. The company specialises in biased serotonin receptor ligands — including the world's first known trifunctional 5-HT2C agonist / 5-HT2A antagonist / 5-HT2B antagonist — designed to deliver therapeutic efficacy without hallucinogenic or cardiotoxic side effects. Its lead programme KB-128 targets alcohol use disorder and is supported by a $2 million NIAAA grant.

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Marvel Biosciences

Public BiotechPreclinical

Marvel Biosciences is a Calgary-based clinical-stage biotechnology company pursuing a 'drug redevelopment' strategy to create synthetic derivatives of approved drugs with improved therapeutic profiles. Its lead candidate MB-204, a fluorinated derivative of the adenosine A2a receptor antagonist Istradefylline, is advancing through IND-enabling pre-clinical studies targeting autism spectrum disorder, Rett syndrome, and depression, with Phase 1 trials expected to begin in Australia.

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Palomar Labs

Private BiotechPreclinical

Palomar Labs (formerly Negev Labs) is a brain-health venture builder headquartered in New York, with operations in Vienna. The firm identifies overlooked medicines with documented histories of human use, develops new intellectual property around them, and builds a category-owning company around each asset. Its team, thesis, and portfolio continue from Negev Labs, with a focus on neuropsychiatric diseases and the aging brain.

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Canada

PharmAla Biotech

Public BiotechPreclinical

PharmAla Biotech (CSE: MDMA) is a Canadian biotech specialising in MDXX-class molecule R&D and GMP MDMA manufacturing. Founded in January 2021 by CEO Nick Kadysh, the company operates two business lines: (1) LaNeo — clinical-grade GMP MDMA supplied to research institutions worldwide under a supply-for-data model, now with a US distribution hub and agreements spanning Mt. Sinai, Yale, UAB, University of Washington, and institutions in Norway and Netherlands; and (2) proprietary drug development led by ALA-002, a patented non-racemic MDMA (70–80% R-MDMA / 20–30% S-MDMA) targeting social anxiety in autism, plus APA-001, a novel non-scheduled MDXX molecule discovered via University of Windsor AI collaboration. ALA-002 holds US Patent No. 12,053,452 (composition of matter, issued 2024), MHRA written guidance that no further preclinical data is needed, and FDA NCE classification. Phase 2a clinical trial drug substance manufacture was contracted with a UK CDMO in December 2025 in preparation for an Australian Phase 2a with University of Sydney (Dr. Adam Guastella). Revenue grew 95% in FY2024 to C$1.04M from MDMA product sales. Note: master list originally classified as private, but is publicly listed on CSE.

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Psilera

Private BiotechPreclinical

Psilera is a Florida-based drug discovery company developing non-hallucinogenic psilocybin derivatives and outpatient-compatible psychedelic medicines. Founded in 2019, the female co-founded company has a proprietary compound library of over 1 million novel compounds. Lead candidate PSIL-006 is a non-hallucinogenic psilocybin derivative targeting behavioral variant frontotemporal dementia (bvFTD), with positive preclinical in vivo efficacy data in humanized tau mouse models. Earlier compounds PSIL-001/002 (DMT derivatives) showed improvements in learning and memory.

1 paper
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Psy Therapeutics

Private BiotechPreclinical

Psy Therapeutics is a Cambridge, MA-based drug discovery company developing novel small-molecule NCEs for neuropsychiatric and neurological disorders. Founded around 2019 by MGH psychiatrists Jerry Rosenbaum, Roy Perlis, and Maurizio Fava with Brant Binder, the company applies DNA-encoded library screening (via X-Chem) and validated CNS targets. Pipeline includes PSY-05 (anxiety), PSY-06 (MDD), PSY-02 (dementia/tau aggregation), and programs in Parkinson's and chronic pain. Non-hallucinogenic, psychedelic-inspired CNS approach.

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Red Light Holland

Public BiotechPreclinical

Red Light Holland (Cboe CA: TRIP) is a Canadian company producing and distributing legal psilocybin magic truffles to adult consumers in the Netherlands under the iMicrodose and Trip brands, and developing pharmaceutical-grade psilocybin through its Irvine Pharma subsidiary. On 30 April 2026 it completed the acquisition of Filament Health, adding Filament's patented PEX010 botanical psilocybin drug candidate — used across more than 80 clinical and academic studies worldwide — and its portfolio of 76 issued patents to the group.

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Remedi Therapeutics

Private BiotechPreclinical

Remedi Therapeutics is a private biotech company developing a novel oral DMT formulation combined with a best-in-class, ultra-selective monoamine oxidase A inhibitor (RIMA) to create a predictable, convenient ayahuasca-like therapeutic. Unlike traditional ayahuasca, which uses plant-sourced harmine with off-target effects, Remedi's proprietary RIMA avoids gastrointestinal distress, tremors, and hypertensive risk, enabling pharmaceutical-grade oral DMT delivery for neuropsychiatric conditions.

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Shortwave Life Sciences

Public BiotechPreclinical

Shortwave Life Sciences is a UK-listed biopharmaceutical company developing a proprietary psilocybin and beta-carboline buccal film formulation for the treatment of anorexia nervosa. The mucoadhesive film delivery system enables improved bioavailability and rapid onset by bypassing first-pass metabolism, and the company has secured an investigator-initiated Phase 2 clinical trial agreement with Sheba Medical Center in Israel — targeting a condition with no FDA-approved pharmacological treatment.

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Silo Pharma

Public BiotechPreclinical

US-listed clinical-stage biotech developing psychedelic and ketamine-based therapies for PTSD and chronic pain. SPC-15 is an intranasal 5-HT4 serotonin receptor agonist for PTSD in IND-enabling GLP studies. SP-26 is a proprietary ketamine implant for fibromyalgia being co-developed with the University of Maryland.

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Soneira

Private BiotechPreclinical

Soneira is a private psychedelic biotech company developing synthetic ibogaine therapies for neuropsychiatric conditions, with a primary focus on traumatic brain injury (TBI). The company has raised $15 million from Sergey Brin's Catalyst4 investment vehicle and is working to advance the first FDA-approvable synthetic ibogaine candidate to clinical trials.

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Tactogen

Public Benefit CorpPreclinical

Tactogen is a Palo Alto-based public benefit corporation developing novel MDMA-like entactogens and psychedelic-adjacent molecules for psychiatric disorders. Founded in 2020 by neuroscientist Matthew Baggott and Luke Pustejovsky, Tactogen has built the largest known library of entactogenic compounds. Lead candidate TACT908 is a non-hallucinogenic 5-HT1B/2A agonist for cluster headache, while TACT833 targets alcohol use disorder and eating disorders. Following the 2024 FDA rejection of Lykos's MDMA, Tactogen has pivoted toward its novel NCE pipeline.

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Transneural Therapeutics

Private BiotechPreclinical

Transneural Therapeutics is a Washington-based preclinical biotech spun out from CaaMTech in April 2025, developing AI-engineered non-hallucinogenic neuroplastogens for neuropsychiatric disorders. Lead candidate TN-001 is a dual 5-HT2A partial agonist/5-HT2B antagonist designed to deliver rapid antidepressant efficacy without hallucinations, potentially enabling outpatient dosing. TN-001 is in IND-enabling studies for MDD and PTSD, with preclinical data presented at ACNP 2026. CEO Charmaine Lykins brings experience from Karuna, ACADIA, and MapLight.

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Xylo Bio

Private BiotechPreclinical

Xylo Bio (formerly Psylo) is an Australian-US biotech developing next-generation neuroplasticity-promoting therapeutics for mental health. Founded in 2021 by Josh Ismin and Sam Banister in Sydney, the company has labs at the University of Colorado Boulder and the University of New South Wales. Its lead candidate PSYLO-100X is a non-hallucinogenic compound designed for home administration without clinical supervision, advancing through IND-enabling studies toward first-in-human trials. Xylo has raised $14.2M including an $8M seed round in June 2024 from Tenmile, Focalpoint Partners, and Palo Santo.

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Phase I

10 companies

Algernon Pharmaceuticals

Public BiotechPhase I

Algernon Pharmaceuticals (also known as Algernon Health / Algernon NeuroScience) is the first company in the world to test DMT as an emergent treatment for ischemic stroke and traumatic brain injury. Their lead candidate AP-188 uses sub-hallucinogenic IV DMT to promote neuroplasticity and neuroprotection. Phase 1 completed at the Centre for Human Drug Research in Leiden; Phase 2a stroke trial planned.

1 trial
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Arcadia Medicine

Private BiotechPhase I

Arcadia Medicine is a San Francisco-based biotech developing safe entactogens for mental health disorders. Their lead candidate AM-1002 is a patented non-racemic MDMA formulation that received FDA IND clearance in October 2025 for Phase 1 trials in generalized anxiety disorder. Backed by investors including Sam Altman and Coinbase co-founder Fred Ehrsam.

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DemeRx

Private BiotechPhase I

DemeRx is a clinical-stage biotech developing noribogaine (DMX-1001), a non-psychedelic active metabolite of ibogaine, as a treatment for alcohol use disorder. DMX-1001 promotes neuroplasticity to repair neural circuits damaged by chronic alcohol use. Phase 1b completed with favorable safety; Phase 2 AUD trial planned for 2026, supported by a $1.7M NIH SBIR grant.

1 trial
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Lobe Sciences

Public BiotechPhase I

Canadian psychedelic biotech developing conjugated psilocin formulations for treatment-resistant conditions. Spun out its proprietary Conjugated Psilocin™ technology to Cynaptec Pharmaceuticals in April 2025 via an $8.46 million financing round. Lead programme L-130 targets cluster headache disorder.

1 trial
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Lophora

Private BiotechPhase I

Lophora ApS is a Danish biotech developing next-generation selective 5-HT2A receptor agonists for psychiatric disorders. Their lead compound LPH-5, a novel cyclized phenethylamine, is in Phase 1 trials at Biotrial in Rennes, France. LPH-5 shows exceptional 5-HT2A selectivity and can produce antidepressant effects at sub-psychedelic doses. Secondary candidate LPH-48 is being explored for alcohol use disorder.

1 trial
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Mindstate Design Labs

Private BiotechPhase I

Clinical-stage AI neuroengineering platform company focused on designing psychoactive effect profiles and developing next-generation neuropsychiatric programs with psychedelic relevance.

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MycoMedica Life Sciences

Public Benefit CorpPhase I

MycoMedica Life Sciences PBC is a public benefit corporation developing low-dose psilocybin medicines for psychiatric and neurological disorders. Their lead candidate MLS101 is in Phase 1 clinical development, with PMDD as the lead indication and OUD and OCD as additional targets. Based in Shelton, Washington.

3 trials
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Neurala Biosciences

Private BiotechPhase I

Neurala Biosciences is a Melbourne-based clinical-stage biotech developing second-generation DMT–harmala alkaloid neuromedicines for mental health and addiction. Emerging from over a decade of research at the University of Melbourne, their Phase 1 proof-of-concept study was published in Scientific Reports (2025). Lead candidate NBX-100 targets substance use disorder; NBX-200 targets depressive illness.

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Scottsdale Research Institute

Non-ProfitPhase I

Scottsdale Research Institute (SRI) is an Arizona-based research organization conducting the world's first controlled clinical trial of whole psilocybin mushrooms. Their FDA-approved Phase 1 study tests naturally-grown whole mushrooms (30mg psilocybin dose) for PTSD in first responders and military veterans, funded by $5M from the Arizona Legislature. The study explores the entourage effect hypothesis compared to isolated synthetic psilocybin. Led by Dr. Sue Sisley.

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Terran Biosciences

Private BiotechPhase I

Terran Biosciences is a New York-based drug discovery platform company developing transformative therapeutics for neurological and psychiatric diseases. Founded by CEO Samuel Clark, the company holds over 200 patent applications covering novel formulations of psychedelic compounds including LSD, DMT, psilocybin, and MDMA, and operates clinical programs in schizophrenia and depression. Its AI-enabled neuromelanin MRI software platform NM-101 has received FDA clearance.

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Phase I/II

1 company

Phase II

28 companies
United States

AbbVie

Big PharmaPhase II

AbbVie (NYSE: ABBV) is a global biopharmaceutical company and one of the first large pharma entrants in next-generation psychedelic medicine. In May 2024, AbbVie partnered with Gilgamesh Pharmaceuticals ($65M upfront, up to $1.95B in milestones) to develop novel CNS therapies including neuroplastogens. In August 2025, AbbVie acquired bretisilocin (GM-2505) — a short-acting IV serotonergic psychedelic (DMT analog) from Gilgamesh — for up to $1.2B, marking one of the largest psychedelic drug deals in history. Bretisilocin's Phase 2a data showed a -21.6 point MADRS reduction at Day 14 (p=0.003). AbbVie continues to collaborate with Gilgamesh Pharma Inc. (Gilgamesh's spin-off) on earlier-stage programmes.

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Amandala Neuro

Private BiotechPhase II

Amandala Neuro is a London-based clinical-stage biopharmaceutical company pioneering short-acting psychedelic treatments for unmet psychiatric needs. The company is developing patient-centered therapies designed to integrate within established psychiatric care settings. Specific drug candidates and clinical programs have not yet been publicly disclosed.

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Canada

Apex Labs

Private BiotechPhase II

Apex Labs Ltd. is a private Canadian clinical-stage company developing psilocybin treatments for depression, anxiety, and PTSD, with a focus on the Veteran community. The company is advancing two parallel Phase 2b programmes: APEX-52 (take-home oral microdose psilocybin, the first of its kind in a Phase 2b trial) and APEX-90 (in-clinic macrodose psilocybin with assisted psychotherapy). Trials are running across Canada, the US (Yale School of Medicine PK study), and Israel (Tel Aviv University Sagol Brain Institute + Be'er Yaakov Mental Hospital, approved June 2025).

1 trial
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United States

AtaiBeckley

Public BiotechPhase II

AtaiBeckley Inc. is a clinical-stage biotechnology company formed in 2025 through the strategic combination of atai Life Sciences and Beckley Psytech. It operates as a public company focused on developing rapid-acting, durable, and convenient mental health treatments, with a strong psychedelic-therapeutics emphasis. Its principal executive office is in New York, New York, United States. AtaiBeckley matters in the psychedelic ecosystem because it combines clinical development capabilities with a public-market platform that can support late-stage psychedelic drug programs. Public disclosures describe pipeline work that includes BPL-003 and note that the company’s psychedelic-based therapies are being advanced through the Beckley Psytech strategic investment and later combination. AtaiBeckley's corporate lineage runs through several psychedelic companies. Its lead asset BPL-003 (intranasal mebufotenin) originated at Beckley Psytech, the UK developer that in October 2022 acquired Eleusis Therapeutics, bringing in Eleusis's team (led by founder Shlomi Raz) and the intravenous-psilocin candidate ELE-101. atai Life Sciences, founded in 2018, first took a strategic stake in Beckley Psytech and then combined with it in an all-share transaction that closed on 5 November 2025 to create AtaiBeckley. Shortly before that close, Beckley carved out the Eleusis ELE-101 asset and distributed it back to its shareholders, so that programme did not pass to AtaiBeckley. On 16 July 2026, Eli Lilly agreed to acquire AtaiBeckley for up to approximately US$3.8 billion (US$6.75 per share in upfront cash, about US$2.8 billion, plus up to US$2.50 per share in milestone-based contingent value rights), the largest psychedelic-focused acquisition to date. The deal is expected to close in the third quarter of 2026 subject to shareholder approval, and gives Lilly AtaiBeckley's late-stage pipeline led by BPL-003, an intranasal mebufotenin (5-MeO-DMT) therapy in Phase 3 for treatment-resistant depression, alongside VLS-01 (a DMT oral film) and EMP-01 (an oral (R)-MDMA candidate).

9 trials2 papers
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Biomind Labs

Public BiotechPhase II

Biomind Labs (NEO: BMND) is a Canadian clinical-stage biopharmaceutical company developing inhaled DMT, sublingual 5-MeO-DMT, and mescaline-class compounds across TRD, Alzheimer's-related depression, obesity/neuroinflammation, and Parkinson's disease. Founded in 2019 and publicly listed via RTO in July 2021, the company's clinical work is primarily conducted in Brazil (UFRN, PI Prof. Dráulio de Araujo) and Argentina (Dr. Martin Bruno). Their BMND08 (sublingual 5-MeO-DMT for Alzheimer's depression) achieved a 100% remission rate in a Phase 2 RCT at subpsychedelic doses (February 2024) and is now advancing to FDA-directed Phase 3 via a proprietary nano-formulation platform with FDA Breakthrough Therapy Designation planned. BMND01 (inhaled DMT) is in Phase 2 for TRD with the unique advantage of a ~10-minute experience duration vs hours for psilocybin or LSD. Note: master list originally classified as private, but is publicly listed on NEO/CBOE.

3 trials
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Bright Minds Biosciences

Public BiotechPhase II

Bright Minds Biosciences (NASDAQ: DRUG) is a Vancouver-based biotech developing highly selective serotonergic agonists for neurological and psychiatric disorders. Lead asset BMB-101, a 5-HT2C agonist, is in Phase 2 for drug-resistant epilepsy (BREAKTHROUGH study, positive Phase 2 results January 2026). BMB-201 is a 5-HT2A/2C agonist showing preclinical efficacy in pain and migraine models (outperformed sumatriptan, Sept 2025). BMB-202 is a selective 5-HT2A agonist with antidepressant profile in development for MDD.

1 trial
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United States

Ceruvia Lifesciences

Private BiotechPhase II

Ceruvia Lifesciences is a US-based clinical-stage biopharmaceutical company founded in 2017 by philanthropist Carey Turnbull, focused on developing neurotransformational medicines for neurological and psychiatric disorders. The company was the world's first producer of cGMP-certified LSD and its non-hallucinogenic analogue BOL-148. Ceruvia is advancing SYNP-101 (synthetic psilocybin) through Phase 2 trials for OCD, alcohol use disorder, and migraine/headache disorders, and NYPRG-101 (BOL-148) for cluster headache. Collaborators include Yale University, the Heffter Research Institute, Usona Institute, NYU, and Clusterbusters.

2 trials
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Clairvoyant Therapeutics

Private BiotechPhase II

Clairvoyant Therapeutics is a Canadian clinical-stage biotech developing synthetic psilocybin for alcohol use disorder (AUD). The company ran a fully randomized, double-blinded Phase IIb multi-country trial in the EU and Canada enrolling 154 participants, with topline data anticipated in early 2025. Founded in 2021 in Vancouver, a proposed acquisition by Psyence Biomed (Nasdaq: PBM) for $500K in September 2024 fell through following due diligence.

1 trial
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Clexio Biosciences

Private BiotechPhase II

Clexio Biosciences is a private Israeli clinical-stage CNS company founded in 2018 by Teva Pharmaceuticals R&D veterans. Their lead programme CLE-100 is a once-daily oral tablet formulation of esketamine for MDD — distinguished from the FDA-approved Spravato (intranasal, in-clinic) by enabling outpatient, at-home use. Phase 2 CLEO study results showed a promising safety profile and encouraging efficacy specifically in post-COVID MDD subgroups; the Phase 2 SOLEO study (NCT06340958, higher dose, stricter treatment-resistance criteria) enrolled first patients April 2024 and reached 50% enrollment by December 2024. CLE-100 holds multiple US method-of-use patents (2024). In December 2025, Clexio spun out its muscarinic agonist programme (CLE-905) into a new entity, Syremis Therapeutics, which raised $165M Series A co-led by Dexcel Pharma and Third Rock Ventures. Co-founders Kogan, Levy, and Kagan simultaneously lead Syremis; Clexio continues independently with CLE-100 and preclinical CLE-043.

1 trial
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United States

Delix Therapeutics

Private BiotechPhase II

Delix Therapeutics is harnessing the power of neuroplastogens, a novel class of compounds designed to bring about a new paradigm in brain health therapeutics with treatments intended to be safe, fast-acting, and long-lasting. Through its discovery platform, Delix has identified non-hallucinogenic versions of psychedelic compounds with favorable safety and therapeutic profiles. The company was co-founded in 2019 by David E. Olson and Nick Haft, building upon Olson's discovery at the University of California, Davis, of several novel psychoplastogens that have significant therapeutic potential in preclinical models, without hallucinogenic side effects. Delix's treatments are designed to address the root cause of neuropsychiatric conditions by repairing the underlying synaptic damage through targeted neuroplasticity. To date, the company has synthesized over 2000 novel psychoplastogens, many of which are analogs of known psychedelics such as ibogaine and 5-MeO-DMT. Their lead compound, zalsupindole (DLX-001), produces the same rapid and sustained structural and functional plasticity as ketamine, psilocybin, and DMT, without inducing hallucinations or dissociation. Recent Phase I data have demonstrated that DLX-001 is associated with robust signs of CNS engagement and a favorable safety and tolerability profile, with no serious adverse events reported to date. The company's compounds are tailored for swift neuronal repair and can be taken at-home, providing significant advantages to patients, their loved ones, and healthcare providers. Delix focuses on developing non-hallucinogenic psychoplastogens as scalable alternatives to first-generation hallucinogenic psychoplastogens like ketamine and psilocybin.

1 paper
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Diamond Therapeutics

Private BiotechPhase II

Diamond Therapeutics is a private Canadian clinical-stage company pioneering sub-perceptual (non-hallucinogenic) psilocybin therapy. Their approach focuses on low-dose psilocybin that does not produce psychedelic experiences, enabling at-home outpatient administration — a differentiated strategy from the clinic-based, high-dose psychedelic-assisted therapy model. Founded in 2018 by CEO Judith Blumstock, Diamond completed a Phase 1 single ascending dose study in healthy volunteers (n=56, 7 cohorts, December 2022) establishing a safe non-hallucinogenic dose range. Their Phase 2a GAD programme received Health Canada approval in January 2023 — the first Health Canada NOL for a psychedelic trial in GAD — and enrolled first patients at Kingston Health Sciences Centre in 2025 in the first-ever at-home microdose psilocybin study. A parallel FDA-authorized Phase 2 demoralization trial is also underway at UAB. Diamond is funded by private investors and non-dilutive public grants, including a $1.1M+ CQDM/Brain Canada drug discovery consortium launched in May 2025.

3 trials
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Emyria

Public BiotechPhase II

Australian clinical-stage biotech pioneering psychedelic-assisted therapies. In 2025, Emyria became the first company in the world to commercially deliver MDMA-assisted psychotherapy for PTSD, with insurance funding secured from Medibank. Also operates a clinical trial division and an MDMA analogue discovery program in collaboration with the University of Western Australia.

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Australia

Entropy Neurodynamics

Public BiotechPhase II

Entropy Neurodynamics Limited (formerly Tryptamine Therapeutics Limited, renamed November 2025; ASX: ENP, OTC: TYPTF) is an Australian clinical-stage company developing psilocin-based therapies for conditions with major unmet need including fibromyalgia, binge eating disorder, and IBS. Its two-pronged strategy uses TRP-8802 (oral psilocybin) to establish clinical proof-of-concept, then advances TRP-8803 (proprietary IV psilocin formulation) for precision dosing. Phase 2a fibromyalgia and BED trials showed strong results; the world's first IV psilocin neuropsychiatric trial (TRP-8803 in BED) dosed its first patient on December 1, 2025 at Swinburne University.

3 trials
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Canada

Filament Health

Public BiotechPhase II

Filament Health is a Canadian natural-psychedelics drug-development company and a leading supplier of pharmaceutical-grade botanical psilocybin. Its patented lead candidate, PEX010, is a standardised natural psilocybin drug candidate used across more than 80 academic and clinical studies worldwide, including Germany's compassionate-use programme and numerous depression, PTSD and cancer-distress trials. On 30 April 2026, Filament was acquired by and became a wholly-owned subsidiary of Red Light Holland (Cboe CA: TRIP), which now advances the PEX010 supply business and a patent portfolio of 76 issued patents across 15 families. In July 2026 Filament agreed to supply PEX010 for an ARQ National Psychotrauma Centre veterans-PTSD study in the Netherlands.

3 trials
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United States

Freedom Biosciences

University SpinoutPhase II

Freedom Biosciences is a Yale University spin-out developing next-generation combination therapies for treatment-resistant depression. Co-founded by Yale psychiatry chair Dr. John Krystal (CSO) and Dina Burkitbayeva (CEO, PsyMed Ventures), the company raised $10.5M seed financing in August 2022. Its lead asset FREE001 combines ketamine with temsirolimus (an mTOR inhibitor and prodrug of sirolimus) to extend the antidepressant duration of ketamine from the standard 2–7 days to approximately 14 days. FDA cleared the IND for the Phase 2a study in April 2024, and the trial (FREE001-TRD-201, n≥100) is underway.

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United States

Gilgamesh Pharma

Private BiotechPhase II

Gilgamesh Pharma Inc. is the post-spinoff successor of Gilgamesh Pharmaceuticals, created in October 2025 when AbbVie acquired Gilgamesh's lead asset bretisilocin (GM-2505) for up to $1.2B. Launched with over $100M in funding and retaining the original team, Gilgamesh Pharma is advancing a pipeline of rapid-acting, durable psychiatric therapeutics including blixeprodil (GM-1020), a first-in-class oral NMDA receptor antagonist. Positive Phase 2a data for blixeprodil were announced January 6, 2026, and late-stage development is planned for 2026. The company also retains an ongoing AbbVie collaboration on non-hallucinogenic neuroplastogens.

3 trials
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Incannex Healthcare

Public BiotechPhase II

Incannex Healthcare is an Australian clinical-stage pharmaceutical company (ASX: IHL, Nasdaq: IXHL) developing psilocybin-assisted therapy and novel fixed-dose combinations. Their lead psychedelic programme PSX-001 is synthetic psilocybin combined with a proprietary psychotherapy protocol for Generalised Anxiety Disorder (GAD) — the world's first RCT of psilocybin-assisted therapy for a primary anxiety disorder. The Phase 2 PsiGAD1 trial (n=73) at Monash University delivered strongly positive results in August 2025: HAM-A reduction of 12.8 vs 3.6 points for placebo (p<0.0001), with 44% clinical response vs 11% for placebo. FDA cleared a Phase 2b IND (PsiGAD2) in August 2024 for US and UK sites; MHRA Clinical Trial Authorisation also granted. Incannex entered 2026 well-funded (~$70M cash) and with PsiGAD2 site start-up underway. The company also has non-psychedelic programmes: IHL-42X (dronabinol + acetazolamide for OSA, Phase 2/3, FDA Fast Track) and IHL-675A (CBD + hydroxychloroquine for rheumatoid arthritis, Phase 2).

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Ketabon

Private BiotechPhase II

Ketabon GmbH is a Munich-based joint venture between HMNC Brain Health and Develco Pharma developing KET01, an oral prolonged-release (PR) racemic ketamine tablet for TRD. Founded in 2022, Ketabon's strategy centres on enabling at-home, unsupervised ketamine therapy by dramatically reducing dissociation and cardiovascular side effects through slow drug release. Two Phase 2 studies are complete: KET01-01 (UZH investigator-initiated PoC, ~zero dissociation, trend toward MADRS improvement at 240mg) and KET01-02 (n=122, 29 sites across Germany/Poland/Czech Republic, 240mg arm showed statistically significant rapid-onset MADRS improvement at Day 4 and 7, sustained through Day 21 and 4-week follow-up; primary Day 21 endpoint missed due to high placebo response). A head-to-head study vs. Spravato (esketamine nasal spray) confirmed significantly lower dissociation for KET01. Post-hoc analysis presented at ECNP Amsterdam (October 2025) demonstrated that KET01's antidepressant effect is dissociation-independent, strengthening the regulatory case for home use. Phase 3 initiation was targeted for 2025; IP exclusivity through 2039.

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MSICS Pharma

Private BiotechPhase II

MSICS Pharma is an Israeli biotechnology company that operates a GMP production facility for naturally-sourced psilocybin. Their lead candidate MSX-06, a naturally-sourced psilocybin formulation, is in Phase 2 clinical development targeting treatment-resistant depression and obsessive-compulsive disorder.

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MindBio Therapeutics

Public BiotechPhase II

MindBio Therapeutics is a clinical-stage biotechnology company developing MB22001, a proprietary titratable form of LSD designed for take-home microdosing. The company's Phase 2B trials in major depressive disorder and advanced-stage cancer distress have reported strong antidepressant effects, with Phase 2a data showing a 72% reduction in depressive symptoms and 58% remission at six months. MindBio is listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange.

1 paper
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Mindset Pharma

Public BiotechPhase II

Canadian drug discovery company focused on next-generation psilocybin and DMT analogues, acquired by Otsuka Pharmaceutical in October 2023 for approximately C$80 million. Lead compound MSP-1014, a novel psilocin prodrug, received MHRA approval for a Phase 2 clinical trial in the UK for major depressive disorder.

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Mydecine Innovations

Public BiotechPhase II

Canadian biotech using AI-assisted drug discovery at the University of Alberta to develop novel psilocybin and MDMA analogues for mental health and addiction treatment. Pipeline compounds MYCO-003 through MYCO-007 represent a library of psychedelic-inspired molecules at preclinical stage.

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Neurocentrx

Private BiotechPhase II

Neurocentrx Pharma Limited is a private Scottish clinical-stage company developing NRCx-201 (Keticap) — an immediate-release, abuse-deterrent oral ketamine capsule paired with proprietary digital prescription safety software for regulated clinic-to-home care. Founded in 2013 by CEO Carmel Reilly at the University of Edinburgh, the company raised ~$6.15M total including a September 2025 seed extension (~$5M) led by the Wellcome Trust to fund a Phase 2 proof-of-concept trial in treatment-resistant bipolar depression (planned Q1 2026). Phase 1 (King's College London, EudraCT 2019-001019-22, n=18, 40–240mg) completed early 2023 with positive results: well-tolerated at all doses, no SAEs, PK comparable to IV/intranasal esketamine, no cognitive impairment. MHRA has indicated NRCx-201 is suitable for direct Phase 3 submission for TRD (company plans Phase 2 first). Key investors: Wellcome Trust, Neo Kuma Ventures, O2h Ventures, Equity Gap.

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Psyence Biomedical

Public BiotechPhase II

Psyence Biomedical (Nasdaq: PBM) is a clinical-stage company developing nature-derived (non-synthetic) psilocybin and ibogaine therapeutics. Spun out of Psyence Group via SPAC in early 2024, PBM is conducting a Phase IIb trial of its NPX5 botanical psilocybin product for Adjustment Disorder in cancer patients receiving palliative care — with three active sites across Australia (Perth and Melbourne). The company positions itself as the first Nasdaq-listed company focused on nature-derived psychedelic therapeutics and claims a first-mover position in psilocybin for Adjustment Disorder. It also holds worldwide exclusive licensing rights for nature-derived psilocybin in AUD and has secured GMP-compliant ibogaine HCl supply for a planned SUD programme. Note: the original CSE-listed parent (PSYG) entered an amalgamation agreement with a Ghanaian mining company in November 2025 (trading halted); the psychedelic R&D resides entirely in the separately-listed Nasdaq entity (PBM).

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Reconnect Labs

Private BiotechPhase II

Reconnect Labs AG is a Swiss clinical-stage company and University of Zurich spin-off developing precision psychopharmacology therapeutics, including sublingual DMT/harmine, sublingual 5-MeO-DMT, and sublingual dexmedetomidine. Founded in 2021 by Dr. Davor Kosanic (CEO) and co-founders from the Psychiatric University Clinic Zurich and ETH Zurich, building on ~30 years of in-human psychedelic research. The company raised CHF 22M+ (CHF 12M equity across Seed 2021 and Series A 2023–2025; CHF 10M in competitive grants from investors including Esperante Ventures, Lionheart Ventures, Negev Capital, and Noetic Fund) before emerging from stealth in August 2025. Their microcarrier-based transmucosal delivery platform (exclusively licensed) dramatically reduces inter-subject PK variability for DMT/harmine vs. oral ayahuasca and eliminates vomiting. RE03 (sublingual dexmedetomidine for insomnia in PTSD) is the most advanced programme with Swissmedic approval and FDA accelerated pathway confirmed.

2 trials
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Reset Pharma

Private BiotechPhase II

Reset Pharma is a US clinical-stage biotechnology company developing psilocybin-based treatments for patients with life-altering diseases. Its lead candidate RSTP1000 (oral psilocybin) targets demoralization syndrome in cancer patients — a condition with no approved treatments. In November 2023 the company received FDA IND clearance to initiate a Phase 2b multicenter, randomized, dose-ranging trial. The company holds an exclusive worldwide licence from NYU Langone Health and licenses drug supply from Filament Health Corp. Reset has raised $11.1M led by Merida Capital Partners.

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Revive Therapeutics

Public BiotechPhase II

Canadian biotech developing psilocybin formulations for substance use disorders and neurological conditions. Lead programme is an oral psilocybin thin-film strip in a Phase I/II clinical trial for methamphetamine use disorder, with approximately 50% enrolment completed. Also conducting preclinical research on psilocybin for stroke recovery and inflammation.

1 trial
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Seaport Therapeutics

Private BiotechPhase II

Seaport Therapeutics is a Boston-based biopharmaceutical company developing neuropsychiatric medicines using its proprietary Glyph™ lymphatic delivery platform. The Glyph technology bypasses first-pass hepatic metabolism by routing drugs through the lymphatic system, improving oral bioavailability. Its lead candidate SPT-348 (Glyph2BLSD™) is a prodrug of BOL-148 (2-bromo-LSD), a non-hallucinogenic neuroplastogen targeting headache disorders and TRD. The company raised $325M across a $100M Series A (2024) and $225M Series B (2024–2025), backed by PureTech Health, ARCH Venture Partners, Third Rock Ventures, and General Atlantic.

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Phase III

11 companies
United Kingdom

COMPASS Pathways

Public BiotechPhase III

COMPASS Pathways plc (Nasdaq: CMPS) is a UK-headquartered clinical-stage biopharmaceutical company and the most advanced developer of a classic psychedelic medicine. Its lead asset, COMP360 — a synthetic, proprietary formulation of psilocybin — is being developed for treatment-resistant depression (TRD) delivered alongside a psychological-support model. COMP360 is the first psilocybin programme to complete two positive pivotal Phase 3 trials: COMP005 met its primary endpoint in June 2025 and the confirmatory COMP006 (two fixed doses given three weeks apart) did so in February 2026, with 26-week data reported in July 2026 confirming a rapid and durable antidepressant profile. In April 2026 the FDA granted a rolling NDA submission request and selected COMP360 for the Commissioner's National Priority Voucher programme, which carries a shortened review window. COMPASS has since begun that rolling submission and guides to a potential US launch in the first half of 2027, subject to approval, positioning it as the frontrunner for the first FDA-approved classic psychedelic therapy.

16 trials3 papers
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United States

Definium Therapeutics

Public BiotechPhase III

Definium Therapeutics (formerly Mind Medicine / MindMed) is a late-stage clinical biopharmaceutical company headquartered in New York, founded in 2019 and rebranded in January 2026. Led by CEO Robert Barrow, the company applies scientific rigor to psychedelic-derived molecules to develop accessible, rapidly-acting psychiatric treatments. Its lead asset, DT120 ODT (formerly MM-120) — a pharmaceutically optimised formulation of lysergide D-tartrate (LSD) as an orally disintegrating tablet — has received FDA Breakthrough Therapy Designation for generalised anxiety disorder (GAD) and delivered compelling Phase 2b results: 65% clinical response rate and 48% remission at 12 weeks following a single dose. Three Phase 3 trials are currently underway: Voyage and Panorama (GAD) and Emerge (MDD, fully enrolled). Topline data from all three studies is expected in 2026, potentially positioning Definium for the first-ever FDA approval of an LSD-derived therapy. A second pipeline asset, DT402 (formerly MM402) — an MDMA-related compound — is in Phase 1 development for autism spectrum disorder.

8 trials
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United States

Eli Lilly

Phase III

Eli Lilly and Company (NYSE: LLY) is one of the world's largest pharmaceutical companies, headquartered in Indianapolis, Indiana and founded in 1876, best known for its diabetes, obesity and neuroscience medicines. Lilly entered the psychedelic field in July 2026 by agreeing to acquire AtaiBeckley for up to approximately US$3.8 billion (US$6.75 per share in upfront cash, about US$2.8 billion, plus up to US$2.50 per share in milestone-based contingent value rights). Expected to close in the third quarter of 2026, the deal brings Lilly a late-stage psychedelic and neuroplastogen pipeline led by BPL-003, an intranasal formulation of mebufotenin (5-MeO-DMT) in Phase 3 for treatment-resistant depression, alongside VLS-01 (a DMT oral film) and EMP-01 (an oral (R)-MDMA candidate). It is the largest psychedelic-focused acquisition to date, though Lilly notably avoided the term "psychedelic" in its announcement.

1 paper
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Ireland

GH Research

Public BiotechPhase III

GH Research plc (NASDAQ: GHRS) is a clinical-stage biopharmaceutical company founded in 2018 and headquartered in Dublin, Ireland, developing novel mebufotenin (5-MeO-DMT) therapeutics for treatment-resistant depression, bipolar II disorder, and postpartum depression. Its lead asset GH001 — an inhaled mebufotenin formulation — met the primary endpoint of its Phase 2b TRD trial in February 2025 with striking results: -15.5 point MADRS reduction vs placebo (p<0.0001) and 57.7% remission vs 0%. With a single-day dosing paradigm requiring no structured psychotherapy, GH001 is positioned as a differentiated asset; Phase 3 global initiation is planned for 2026 following FDA clinical hold lift. GH002 (IV mebufotenin) completed Phase 1 in healthy volunteers. In July 2026, GH Research's principal competitor in the 5-MeO-DMT field, AtaiBeckley (developer of the intranasal mebufotenin candidate BPL-003 for treatment-resistant depression), agreed to be acquired by Eli Lilly for up to approximately US$3.8 billion, the largest psychedelic-focused acquisition to date. The deal hands a major pharmaceutical company a directly competing 5-MeO-DMT programme, sharpening the commercial and regulatory race around GH Research's inhaled GH001.

8 trials2 papers
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Canada

Helus Pharma

Public BiotechPhase III

Helus Pharma is the commercial operating name of Cybin Inc., a clinical-stage biopharmaceutical company developing proprietary Novel Serotonergic Agonists (NSAs) — synthetic deuterated molecules designed to activate serotonin pathways and promote neuroplasticity. Operating across Canada, the US, UK, and Ireland, Helus holds over 100 granted patents and 250+ pending applications across its NSA portfolio. Its lead asset, HLP003 (formerly CYB003, a deuterated psilocin analogue), has received FDA Breakthrough Therapy Designation for the adjunctive treatment of major depressive disorder and is in two concurrent Phase 3 trials: APPROACH™ (topline data Q4 2026) and EMBRACE™. A key differentiator is its adjunctive design — allowing patients to continue background antidepressant medications without washout. HLP004 (a deuterated DMT analogue for intramuscular use) posted encouraging Phase 2 topline results in GAD in March 2026: 10.4-point HAM-A reduction at 6 weeks, 67% responders at 6 months, and an ~90-minute in-clinic session window. US composition-of-matter patent coverage through at least 2041.

6 trials
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Japan

Otsuka Pharmaceutical

Big PharmaPhase III

Otsuka Pharmaceutical Co., Ltd. is a Japanese multinational pharmaceutical company (parent: Otsuka Holdings, TYO: 4578) with a core focus on neuropsychiatry, oncology, and cardiovascular/renal medicine. It entered the psychedelic medicine space by acquiring Canadian biotech Mindset Pharma for ~CAD $80M (~USD $59M) in September 2023, giving it exclusive rights to MSP-1014 and a broader pipeline of novel 5-HT2A agonists. The deal was seeded by an earlier $5M joint development agreement between Mindset and the McQuade Center for Strategic Research and Development (an Otsuka R&D vehicle). MSP-1014 is a Phase 2 psilocin prodrug for MDD, with trials underway in the UK. Otsuka has since widened its psychedelics involvement: in 2025 it announced a joint research agreement with Keio University on infrastructure for the social implementation of psychedelics in Japan, and in 2026 it completed the acquisition of Transcend Therapeutics, whose lead programme TSND-201 (methylone) is a rapid-acting neuroplastogen in development for PTSD.

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Canada

Reunion Neuroscience

Private BiotechPhase III

Reunion Neuroscience is a private, Toronto-based clinical-stage biopharmaceutical company focused on short-duration, serotonergic psychedelic therapies for postpartum depression, adjustment disorder, and anxiety. Spun out of Field Trip Health in 2022, the company raised a $103M Series A in May 2024 (co-led by Novo Holdings and MPM BioImpact) and went private under CEO Greg Mayes. Its lead asset RE104 (luvesilocin) — a subcutaneous prodrug of 4-OH-DiPT, a psilocybin-like 5-HT2A agonist with shorter duration than psilocybin — met the primary endpoint of its RECONNECT Phase 2 trial for PPD (Aug 2025) and received FDA Breakthrough Therapy Designation on February 23, 2026. A single pivotal Phase 3 trial is planned for 2026.

3 trials
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United Kingdom

Solvonis Therapeutics

Public BiotechPhase III

Solvonis Therapeutics plc (LSE: SVNS) is a London-listed, clinical-stage biopharmaceutical company developing evidence-based treatments for addiction and mental health disorders. Formed through the rebranding of Graft Polymer (UK) PLC and the acquisition of Awakn Life Sciences Corp (NEO: AWKN, completed May 2025), Solvonis inherited Awakn's lead programme SVN-001 — IV ketamine combined with manualised CBT — now in Phase 3 for severe alcohol use disorder, co-funded by the UK NIHR. The company also advances SVN-002 (buccal/sublingual esketamine for US AUD) and SVN-SDN-14 (novel SDN receptor modulators for PTSD at preclinical stage), plus an AI-driven CNS discovery engine.

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Tasman Therapeutics

Private BiotechPhase III

Tasman Therapeutics is a private US clinical-stage company developing R-107 — a once-daily oral extended-release ketamine tablet targeting treatment-resistant depression. A spinout of Douglas Pharmaceuticals (New Zealand's largest pharma company), Tasman operates as an independently financed US entity led by CEO Dan Browne (co-founder of Revance Therapeutics). Phase 2 BEDROC trial results published in Nature Medicine (March 2024): ~75% remission within one week, 6.1-point MADRS reduction vs. placebo at 12 weeks, median dissociation score of zero (no clinically significant dissociation), 90% continuance into OLE. A 106-patient compassionate supply cohort has taken R-107 at home for an average >2 years without dissociation or monitoring requirements. Phase 3 ROCKET Program (US, EU, international sites) is enrolment-ready; $175M Series A announced April 2025. FDA submission targeted 2027, potential commercialisation 2028. Peak sales projected >$2B.

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United States

Transcend Therapeutics

Private BiotechPhase III

Transcend Therapeutics is a private, New York-based clinical-stage company developing TSND-201 (methylone), a rapid-acting neuroplastogen for PTSD and other neuropsychiatric conditions. Founded in 2021 by Blake Mandell (CEO), Kevin Ryan (AlleyCorp), and Dr. Benjamin Kelmendi (Yale), the company raised $41.5M from investors including the US Department of Defense. TSND-201 is non-hallucinogenic (no 5-HT2A activity) and requires no structured psychotherapy. Its Phase 2 IMPACT-1 trial met the primary endpoint (March 2025, published JAMA Psychiatry Feb 2026) and the FDA granted Breakthrough Therapy Designation in July 2025. Phase 3 programme is planned for 2026.

1 trial
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United States

Usona Institute

Non-ProfitPhase III

Usona Institute is a US-based 501(c)(3) non-profit medical research organisation headquartered in Madison, Wisconsin. Usona develops and supports clinical research on psilocybin and other consciousness-expanding medicines with a mission-driven access model. Its psilocybin programme received FDA Breakthrough Therapy Designation for major depressive disorder in 2019. After completing the Phase 2 PSIL201 study, Usona launched the Phase 3 uAspire trial in 2024, a 240-participant randomised, double-blind multicentre study of 25 mg psilocybin with psychosocial support for adults with MDD. In April 2026, industry reporting said Usona confirmed it had received an FDA Commissioner National Priority Voucher for psilocybin in MDD, potentially shortening review if an NDA is filed and accepted. Usona is also exploring 5-MeO-DMT in early-stage research.

25 trials
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NDA Filed

2 companies
United States

NRx Pharmaceuticals

Public BiotechNDA Filed

NRx Pharmaceuticals is a US-based NASDAQ-listed biopharmaceutical company developing ketamine- and NMDA-targeted treatments for acute suicidal depression and related mood-disorder pathways. Its lead asset, NRX-100, is a preservative-free intravenous ketamine formulation for acute suicidal ideation in depression, including bipolar depression. The company is pursuing an NDA package based on completed controlled trials, expanded-access experience, and a large real-world evidence dataset. NRx reported in May 2026 that full NRX-100 NDA submission was expected in Q2 2026, supported by more than 1,000 clinical-trial participants and more than 65,000 real-world ketamine-treated patients. NRx also develops NRX-101, a fixed-dose D-cycloserine/lurasidone combination. The original programme targets oral maintenance treatment after ketamine stabilization in severe bipolar depression with acute suicidal ideation or behavior. In 2026, NRx also advanced a distinct NRX-101/TMS track as augmentation of accelerated transcranial magnetic stimulation, with FDA expanded-access clearance and the pivotal SPARC-TMS study initiated.

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United States

Resilient Pharmaceuticals

Public Benefit CorpNDA Filed

Resilient Pharmaceuticals (formerly Lykos Therapeutics, formerly MAPS PBC) is a US-based public benefit corporation developing MDMA-assisted therapy for PTSD. It was founded in 2014 by MAPS as a commercial spinout to carry MAPS MDMA research through late-stage trials and regulatory approval. After two Phase 3 trials and an NDA filing, FDA issued a Complete Response Letter in August 2024 and requested an additional Phase 3 trial before approval. The company subsequently restructured and rebranded, while the public Lykos web presence continues to describe the organisation as pursuing FDA approval for MDMA-assisted therapy. As of the June 2026 review, no public company announcement of a new pivotal trial start or NDA resubmission date was found. VA/DoD-backed MDMA/PTSD research is proceeding in the broader field, but it should not be treated as direct support for Resilient/Lykos NDA resubmission unless linked by company or FDA evidence.

29 trials3 papers
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Approved

2 companies