Lifesciences psychedelics biotech Psyence Group Inc. (OTCQB: PSYGF) recently exported purified pharmaceutical-grade psilocybin mushroom extract from its licensed and certified production facility in Southern Africa to its Contract Development & Manufacturing Organization (CDMO) partner in the UK.
In turn, the Good Manufacturing Practice (GMP)-compliant pharma services company will use the imported psilocybin extract to develop standardized pharma-grade psilocybin and psilocin extracts, which will be formulated into a final product and seek regulatory approval.
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