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Today we shared initial results from our Phase I study of ELE-101 and the exciting news that the first patients have been dosed in our Phase IIa study of ELE-101 for Major Depressive Disorder (MDD), commonly known as depression. ELE-101 is our synthetic intravenous formulation of psilocin benzoate and has been specifically designed to provide consistent and controllable drug delivery in patients with neuropsychiatric conditions, with the potential to produce a more rapid onset, significantly shorter treatment duration and reduced inter-subject variability compared to oral formulations of psilocybin. Dr Rob Conley, Chief Scientific and Medical Officer at Beckley Psytech, said: “Dosing the first patients in our Phase II study marks an important milestone in our clinical development programme of ELE-101 as we investigate its potential as an effective and rapid-acting intervention for depression. This study builds on the foundational work from our Phase I study in healthy volunteers and we are proud to be leading the way in exploring how short-duration psychedelics like ELE-101 could address the huge unmet need faced by the millions of people living with depression around the world and the healthcare systems who support them.” Read more here: https://lnkd.in/eGEQdi8h