BetterLife To Present BETR-001 Preclinical Data at the Upcoming Federation of European Neuroscience Societies (FENS) Forum

Rhea-AI Summary

BetterLife Pharma Inc. has announced that its lead compound, BETR-001, will be showcased at the FENS Forum in Paris from July 9-13, 2022. This presentation, led by Dr. Vern Lewis, will highlight preclinical data demonstrating the anti-depressant properties of BETR-001, a non-hallucinogenic LSD derivative. BetterLife's unique synthesis patent allows for easier access and self-administration, aiming to treat neuropsychiatric disorders without the regulatory constraints of traditional LSD. The company is also advancing BETR-002, targeting anxiety-related conditions.

Positive

• BETR-001 accepted for presentation at FENS Forum, showcasing preclinical anti-depressant data.
• Non-hallucinogenic nature of BETR-001 allows for self-administration, avoiding complex regulations.
• Unique patent protection for BETR-001 enhances its market potential.

Negative

• None.

VANCOUVER, British Columbia, June 21, 2022 (GLOBE NEWSWIRE) -- BetterLife Pharma Inc. (“BetterLife” or the “Company”) (CSE: BETR / OTCQB: BETRF / FRA: NPAU), an emerging biotech company focused on the development and commercialization of cutting-edge treatments for mental disorders, today announced that an abstract submitted on the anti-depressant activity of its lead compound 2-bromo-LSD (“BETR-001”) was accepted for poster presentation at the upcoming FENS Forum, being held July 9-13 in Paris, France. The study, led by Dr. Vern Lewis, is part of BetterLife’s collaboration with the laboratory of Dr. Argel Aguilar-Valles at Carleton University’s Department of Neuroscience.

Dr. Lewis will present preclinical data demonstrating the anti-depressant and neural plasticity-promoting properties of BETR-001 from both in vitro and in vivo studies. BETR-001 is a non-hallucinogenic Lysergic Acid Diethylamide (“LSD”) derivative molecule.

BetterLife believes that BETR-001 is a uniquely positioned LSD derivative with the potential to be as effective as LSD in various neuropsychiatric and neurological disorders without the burden of being hallucinogenic. Because of its non-hallucinogenic nature, BETR-001 will not have all the LSD requirements of administration in specialized clinics under special treatment protocols, the LSD controlled substance regulatory issues which impact manufacturing, distribution and patient access, and the overall associated high treatment costs for all these parameters. BETR-001 is protected by BetterLife’s composition, method-of-use, synthesis, and formulation patents (issued & provisional).

About BetterLife Pharma

BetterLife Pharma Inc. is an emerging biotechnology company primarily focused on developing and commercializing two compounds, BETR-001 and BETR-002, to treat neuro-psychiatric and neurological disorders.

BETR-001, which is in preclinical and IND-enabling studies, is a non-hallucinogenic and non-controlled LSD derivative in development and it is unique in that it is unregulated and therefore can be self-administered. BetterLife’s synthesis patent for BETR-001 eliminates regulatory hurdles and its pending patent for composition and method of use covers treatment of depression, cluster headaches, post-traumatic stress disorder and other neuro-psychiatric and neurological disorders.

BETR-002, which is in preclinical and IND-enabling studies, is based on honokiol, the active anxiolytic ingredient of magnolia bark. BetterLife’s pending method of use and formulations patent covers treatment of anxiety related disorders including benzodiazepine dependency.

BetterLife also owns a drug candidate for the treatment of viral infections such as COVID-19 and is in the process of seeking strategic alternatives for further development.

For further information, please visit BetterLife Pharma.

About the Department of Neuroscience at Carleton University

Carleton Neuroscience has an international reputation for research on stress and its effects on brain functioning and mental health. The department has an interdisciplinary approach to understanding the emergence, prevention and treatment of mental and physical disorders.

For more information, please visit www.carleton.ca/neuroscience.

Contact Information

David Melles, Investor Relations Manager
Email: David.Melles@blifepharma.com
Phone: 1-778-887-1928

Cautionary Note Regarding Forward-Looking Statements

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FAQ

What is BETR-001 and its significance?

BETR-001 is a non-hallucinogenic LSD derivative being developed to treat neuropsychiatric disorders, presenting an effective alternative to traditional treatments.

When and where will BETR-001 be presented?

BETR-001 will be presented at the FENS Forum in Paris from July 9-13, 2022.

What are the advantages of BETR-001 over traditional LSD treatments?

BETR-001 can be self-administered, avoiding the regulatory complexities and treatment costs associated with traditional LSD.

What type of data will be presented regarding BETR-001?

Preclinical data demonstrating the anti-depressant and neural plasticity-promoting properties of BETR-001 will be showcased.

What other products is BetterLife Pharma developing?

BetterLife is also developing BETR-002 for anxiety-related disorders based on honokiol, and a candidate for viral infections.