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Wellbeing Digital Sciences announced that its subsidiary KGK Sciences will conduct a Phase II clinical trial to test the efficacy of psilocybin for treating treatment-resistant PTSD. This collaboration with Halucenex Life Sciences aims to develop innovative clinical solutions in mental healthcare. KGK, a leading contract research organization, will manage various research services including clinical trial protocol development and data analysis. This partnership signifies a notable step towards alternative treatment solutions.
Creso Pharma Limited (ASX: CPH, OTC: COPHF) has acquired Sierra Sage Herbs, a leader in natural first-aid and body care products, for an initial payment of $21 million, with future payments tied to sales performance through 2023. This acquisition expands Creso's presence in the US market and enhances its product portfolio with Sierra Sage's brands, including Green Goo. With over 90,000 distribution points across major retailers, Sierra Sage will maintain its leadership while benefiting from Creso’s R&D and manufacturing capabilities, paving the way for rapid growth and market expansion.