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6 Psychedelics Companies Take Action: Here Are The Latest, Major Announcements

Benzinga Real-time News · Jan 10, 2023 15:54

JAGX +0.06% HUGE +2.94% BRAXF +1.67%

Second week of 2023, and business is up and running. Let's take a look at the announcements shared by some of the companies in the psychedelics space.

Jaguar Health and Filament Health Form JV

Jaguar Health Inc.(NASDAQ:JAGX) andFilament Health Corp.(OTCQB:FLHLF), together withWill Peterfly'sOne Small Planet LLC, have created a U.S.-based joint venture focused on novel, plant-based prescription medicines.

The new business, dubbedMagdalena Biosciences Inc., is currently valued at $5 million and will receive tranch funding of $1 million by One Small Planet, to be paid in quarterly quotas throughout 2023 if...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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