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How Tryptamine Therapeutics Is Shaping Psychedelic Medicine Despite $5.3M Loss

3:49am on Saturday 30th of August, 2025 AEST Healthcare
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How Tryptamine Therapeutics Is Shaping Psychedelic Medicine Despite $5.3M Loss

3:49am on Saturday 30th of August, 2025 AEST
Key Points
  • Reported $5.33 million net loss, improved from prior period
  • Completed Phase 1b trials for IV-infused psilocin (TRP-8803) showing safety and controlled dosing
  • Positive signal studies for oral psilocybin (TRP-8802) in fibromyalgia and IBS
  • Secured $6 million placement and $2.6 million R&D loan facility
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