Emerging BioTech Company & Psychedelic-Therapy Innovator Steps Up its Game with Stake in Ketamine-Focused Therapy Provider!
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With multiple U.S. states easing their regulations, the next frontier for life-changing clinical outcomes and lucrative patents is psychedelic medicine. Untold numbers of patients struggle with addiction but don’t respond to conventional approaches – and advancements in DMT-based therapies offer hope.
Why DMT? Well tolerated with few adverse effects, pure DMT is the ideal molecule for advancing new models of psychedelic-assisted therapy for addiction disorders. DMT exists naturally within the human body and while other similar drugs may produce intense effects that last up to 12 hours, the effects of DMT are more gradual, less jarring, and much shorter in duration.
On the forefront of DMT-based research focused on addiction treatment is Entheon Biomedical (CSE: ENBI, OTC: ENTBF, FSE: 1XU1). The company plans to generate revenue through the sale of its DMT products to physicians, clinics, and licensed psychiatrists in Canada, the U.S, and select countries in the European Union.
Entheon collaborates with leaders in the psychedelic medicine space in Canada and around the world. That way, the company can leverage the research and resources of these partners to validate Entheon’s own scientific processes, including guiding their clinical trials and optimizing the safety and efficacy of their products.
In a fresh press release, Entheon just announced a value-added business arrangement with (and a strategic investment in) Heading Health. Based in Austin, Texas, Heading Health is a psychiatric clinic platform that’s focused on the administration of ketamine-assisted therapy to treat mental health disorders.
In other words, Heading Health is a perfect fit for Entheon’s objective of expanding its footprint in the domain of psychedelic-assisted research and product development. This business arrangement with Heading Health will enable the Entheon management and scientific research teams to gather and utilize real world clinic data to better inform the DMT-assisted therapy Entheon is developing for the treatment of addiction Heading Health provides a full suite of therapies and diagnostic tools for the treatment of mental health challenges, including:
- Spravato (esketamine) nasal spray for treatment-resistant depression – this has already been approved by the FDA
- Intramuscular (IM) ketamine
- Transcranial magnetic stimulation (TMS)
- Tele-psychiatry for depression, anxiety, PTSD, and OCD
Heading Health is overseen by Dr. Steven Levine, a board-certified psychiatrist with over 10 years of clinic experience. Plus, the Heading Health management team has vast experience in operating and scaling psychiatric clinics across multiple states, securing insurance coverage, and pioneering the most efficient and effective breakthroughs in clinical research and technologies.
Entheon’s stake in Heading Health could grow over time: the company is currently investing USD$200,000 for a 5% stake in Heading Health, but Entheon retains the option to increase its overall holdings to up to 10% in the subsequent round of financing.
Entheon CEO Timothy Ko is glad to elaborate on the considerable stakeholder value of this partnership: “Our investment in Heading Health provides exposure to revenue and learning opportunities from the existing ketamine clinic market. The Heading Health team has real-world experience operating multisite clinic practices and we are excited by the long-term opportunities presented by such a partnership.”
Citing Heading Health’s extensive resources, Mr. Ko adds, “The opportunity to access and analyze data as it relates to a patient’s ketamine-assisted therapy process is an exciting prospect, with the potential to inform the successful development of Entheon’s own DMT-assisted treatment program, while also providing insight as to how the psychedelic-assisted therapy model, in general, can be optimized toward positive patient outcomes.”
We encourage you to read the full press release here and keep Entheon on your shortlist of 2021’s biotechs to watch – with this investment and collaboration, Entheon’s path to a breakthrough will be even faster.
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On Sept 30th, 2020, in connection with our agreement with Entheon Biomedical Corp, we received $250,000USD to Gold Standard Media LLC. This was for a 4 month agreement. Wallace Hill Partners LTD on September 26, 2020 purchased 750,000 common shares at CAD0.10. On Feb 3rd, 2021, in connection with our agreement with Entheon Biomedical Corp, we received $300,000USD to Gold Standard Media LLC.