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Tryptamine Therapeutics Advances Psilocin Trials, Raises $6M to Fuel Growth

7:03pm on Monday 2nd of June, 2025 AEST Biotechnology
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Tryptamine Therapeutics Advances Psilocin Trials, Raises $6M to Fuel Growth

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • Phase 1b trial confirms safety and optimal dosing of TRP-8803 in healthy and obese volunteers
  • Positive interim Phase 2a results for TRP-8802 in IBS patients with 75% reporting symptom relief
  • Successful $6 million capital raise led by strategic biotech investors
  • Board changes include appointment of Dr Daniel Tillett as Non-Executive Director
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