Revive Therapeutics Aims to Bring Psychedelics to Market
February 17th, 2021
App, Exclusive, Psychedelics, Top News
The psychedelic drug market is projected to grow at a 16.3% compound annual growth rate to reach nearly $7 billion by 2027, according to Data Bridge Market Research. While there are a growing number of publicly traded companies in the space, the best opportunities have the right combination of experience, intellectual property and clinical trials.
Let’s take a closer look at Revive Therapeutics Ltd. (CSE: RVV) (OTC: RVVTF) and how its robust IP portfolio and well-funded clinical trials could generate near-term shareholder value.
Robust Technology & IP Portfolio
Revive Therapeutics has built an in-house patent portfolio covering psilocybin methods and compositions, as well as drug delivery systems. In particular, they cover capsules, sublingual sprays, gel caps, effervescent tablets and oral strips, which improve bioavailability, enable precise dosing, and ultimately, create a better doctor and patient experience.
For example, the company is working with researchers at the University of Wisconsin to develop a tannin-chitosan composite of orally dissolvable thin films to deliver up to 20mg of psilocybin into the oral cavity. The delivery system offers a number of benefits over conventional delivery mechanisms and creates a patentable psilocybin product.
The oral thin strips rapidly dissolve into the bloodstream and are more convenient than pills because they don’t require water, chewing or swallowing. In addition, the delivery technology has the potential for a controlled or sustained release over time, as well as the ability to combine multiple extracts from mushrooms in one formulation.
Well-Funded with Clinical Trials
Revive Therapeutics recently raised $20 million in a bought deal offering to fund Phase I clinical trial for psilocybin for methamphetamine use disorder and other psychedelic formulation development work, as well as for their Phase 3 trial with Bucillamine to treat Covid 19.
The National Survey on Drug Use and Health found that 1.6 million people have used methamphetamine and nearly one million have methamphetamine use disorder—and these numbers are on the rise. According to Reports and Data, the market for drug addiction treatments will rise from $16.5 billion in 2018 to $31 billion by 2027.
The company is also conducting preclinical studies of an oral formulation of psilocybin for the treatment of depression, anxiety and other mental health conditions. As other psychedelic research has confirmed, psilocybin could play a central role in the treatment of a wide range of mental health disorders with fewer side-effects than existing treatment options.
The market for depression, anxiety and other mental health disorders is potentially much larger than substance abuse treatments. According to Grand View Market Research, the global anxiety disorders and depression treatment market will grow from $15.2 billion in 2015 to $18.3 billion by 2025, but could be significantly larger if psychedelics prove effective.
Revive Therapeutics represents a unique opportunity to invest in the psychedelics space with a robust IP portfolio, unique delivery technologies and ongoing clinical trials that are well funded.
For more information, visit the company’s website
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