Psychedelic Therapy Without the Hallucinations: Interview with BetterLife Pharma
Robin Lefferts
February 9th, 2022
News, Psychedelics, Top News
BetterLife Pharma Inc. (CSE: BETR) (OTCQB: BETRF) (FRA: NPAU) is preparing a drug candidate for the treatment of major depressive disorder (MDD) and cluster headaches. The patent-pending compound is modeled after a derivative of LSD, acting on the same receptors as LSD does but without the hallucinogenic side effects. While psychedelics have been showing great promise in the treatment of depression and other neurological and psychological conditions, their status as controlled Schedule 1 drugs has slowed the research and approval processes necessary for them to hit the market. On top of that, the extended supervised time in the clinic required by hallucinogenic drugs greatly limits the scalability of psychedelic treatments.
BetterLife’s approach potentially solves both problems. First, BETR-001 is produced without any scheduled drugs, removing that particular barrier to research, development, and approval. Second, the lack of hallucinations could lead to much shorter supervised periods in the clinic but more importantly be self-administered at home, which would allow for many more patients to be treated. Ultimately, BetterLife’s goal is for patients to have accessible and affordable medicines. To that end, in 2022, BetterLife is looking to file an investigational new drug (IND) application with the FDA, potentially leading to clinical trials in the second half of the year. The company has reported a generally positive response from its pre-IND meeting with the FDA.
On another track, BetterLife Pharma is in the midst of a Phase II trial for an inhalable form of interferon as a treatment for COVID-19. In 2022, pending results from the current trial in Chile, BetterLife hopes to make an IND filing and begin US-based trials for the treatment. The company has other novel therapeutic formulations in its pipeline as well.
In this interview, BetterLife Pharma’s CEO Dr. Ahmad Doroudian, PhD discusses the company’s various initiatives, the potential benefits of psychedelics and more specifically second- generation psychedelics, the history of the company, and BetterPharma’s path forward.
BetterLife Pharma is focused on developing and commercializing compounds to treat neurological and neuro-psychiatric disorders as well as viral infections.
Interested readers are encouraged to contact the company via Manager of Investor Relations David Melles, at David.Melles@blifepharma.com.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Robin Lefferts
Robin Lefferts has been involved in the legal cannabis industry since 2012, sometimes as an active participant and always as an interested observer.
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Rob is the co-founding President of Pelorus Equity Group and has more than 18 years of experience in the real estate finance industry. Since the formation of Pelorus in 2010, he has raised more than $175,000,000 in secured real estate transactions. Rob’s primary role at Pelorus Equity Group is the development of strategic alliances with […]
Tim has over 22 years of investment experience as a portfolio manager, asset allocator, and capital markets professional across multiple asset classes, geographies, and platforms. Tim has built and operated two hedge funds, a broker dealer, and raised over $1Bn in capital for his combined businesses. Tim remains a recognized voice within the investment community […]
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