Connect with us

Hi, what are you looking for?

Monday, Dec 4, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


Numinus Wellness launches psychedelic-assisted therapy program for mental distress due to chronic illness

The program includes four key initiatives that showcase Numinus’ psychedelic research efforts

Numinus launches program for mental distress due to chronic illness via Cedar Clinical Research
Numinus Wellness clinic, Vancouver, B.C. Photo via Numinus Wellness

Numinus Wellness Inc. (TSX: NUMI) (OTCQX: NUMIF) is launching a new psychedelic-assisted program for individuals suffering from mental distress associated with serious and chronic illness.

On Tuesday, the psychedelic therapy firm announced that it has partnered with Cedar Clinical Research facilities for the program which will be offering four key initiatives for psychedelic research and treatment.

The first initiative is the Group Psilocybin Pilot Study, led by Dr. Paul Thielking, the company’s Chief Science Officer. Numinus recently published findings from the study, shedding light on the safety, feasibility and potential efficacy of group-administered psilocybin for patients grappling with depression due to cancer. Beyond its therapeutic potential, this research also raises the possibility of cost-effective group therapy models.

A second initiative is the completion of a pilot project for group ketamine-assisted therapy interventions. The project focused on individuals grappling with chronic and severe illnesses and demonstrated the effectiveness of ketamine-assisted therapy in alleviating depression and psychological distress related to these conditions.

Read more: Numinus Wellness reports 12.6% sequential revenue growth to $6M

Read more: Numinus partners with HealingMaps to promote its clinics and identify expansion targets

The third initiative is an upcoming Group Psilocybin Project, approved by both the U.S. Food and Drug Administration (FDA) and an Institutional Review Board (IRB).

This study aims to reduce therapist-to-patient ratios while continuing to evaluate the impact of psilocybin-assisted therapy on cancer patients with depression. Positive results from this research could potentially make psychedelic therapy more accessible and cost-effective for this patient group.

Finally, the fourth initiative comes after the company was selected as one of five different sites participating in the ketamine Research Foundation’s sponsored research study on ketamine-assisted therapy to reduce end-of-life distress.

“Through our innovative psychedelic program for serious and chronic illness, Numinus is spearheading a new era of transformative care”, Numinus CSO Dr. Thielking said in a statement.

“By harnessing the potential of psilocybin and ketamine-assisted therapies, we are providing hope and healing to individuals in need. We are excited to continue our innovative work and contribute to the advancement of psychedelic-assisted therapies for the betterment of patients worldwide.”

Numinus stock dropped by 2.94 per cent on Tuesday to $0.16 on the Toronto Stock Exchange.


Follow Mugglehead on Twitter

Like Mugglehead on Facebook

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


The research could have far-reaching implications for the training of therapists and the delivery of psychedelic therapies in clinical settings


The growth is attributed to a high number of clients at its psychedelic-assisted therapy clinics


The experiential training will only be available through Numinus and will utilize the protocol of MAPS


Numinus clinic network generated $4.7 million in revenue during Q2 2023, showing a significant increase of 596.9 per cent from the same period last...