Revive Therapeutics (CSE: RVV) OTC: RVVTF), a specialty life-sciences company focused on the research and development of therapeutics for medical needs and rare disorders, has finalized a clinical trial agreement with the Board of Regents of the University of Wisconsin System (“UWS”). The agreement calls for Revive Therapeutics to conduct a clinical study entitled “Phase I Study of the Safety and Feasibility of Psilocybin in Adults with Methamphetamine Use Disorder.” The agreement calls for Revive Therapeutics to have an option to obtain an exclusive, worldwide, royalty-bearing commercialization license to all rights, title and interest that UWS may obtain in any invention resulting from the clinical study. “We are delighted to be collaborating with clinical researchers at the University of Wisconsin‒Madison to advance development of psilocybin for the potential treatment of methamphetamine use disorder,” Revive’s CEO Michael Frank in the press release. “We are building a pipeline of clinical-stage psychedelic-derived therapies for addiction disorders with a focus on psilocybin with unique dosage forms.”
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About Revive Therapeutics Ltd.
Revive is a life-sciences company focused on the research and development of therapeutics for infectious diseases and rare disorders. The company is prioritizing drug-development efforts to take advantage of several regulatory incentives awarded by the Food and Drug Administration (“FDA”) such as Orphan Drug, Fast Track, Breakthrough Therapy and Rare Pediatric Disease designations. Currently, the company is exploring the use of Bucillamine for the potential treatment of infectious diseases, with an initial focus on severe influenza and COVID-19. With its recent acquisition of Psilocin Pharma Corp., Revive is advancing the development of Psilocybin-based therapeutics in various diseases and disorders. Revive’s cannabinoid pharmaceutical portfolio focuses on rare inflammatory diseases and the company was granted FDA orphan drug status designation for the use of cannabidiol (“CBD”) to treat autoimmune hepatitis (liver disease) and to treat ischemia and reperfusion injury from organ transplantation. For more information, visit www.ReviveThera.com.
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