Core One Labs Proceeds with Next Milestone Achievement: To Produce Psilocybin – … – Press Release

[ad_1]

VANCOUVER, British Columbia, March 12, 2022 (GLOBE NEWSWIRE) — Core One Labs Inc. COOL, CLABF, LD6 WKN: A3CSSU) (the “Company” or “Core One“) is pleased to announce that its wholly-owned subsidiary Vocan Biotechnologies Inc. (“Vocan“) has set in motion steps to expand production of its proprietary biosynthesized psilocybin API (active pharmaceutical ingredient ), for utilization by pharmaceutical manufacturers involved in the development of psychedelic medicines, and delivered to compounding pharmacies for subsequent distribution to licensed physicians for use in authorized patient treatments.

The proprietary production system for biosynthesized psilocybin that has been developed by Vocan scientists (Company press release dated January 21, 2022) is a system that results in a stereochemically correct psilocybin API that can be precisely calibrated to provide the exact and appropriate dosage while ensuring a high level of purity.

Currently the Company, through its scientific research and development arm at Vocan, is in the process of expanding its production capabilities to allow for the deployment of its proprietary psilocybin API to GMP compliant production facilities that could further distribute product to pharmaceutical companies, and clinical research organizations and facilities, providing a cost effective, reliable, and chemically stable psilocybin source for research efforts.

Vocan is looking to expand production capabilities to supply its API grade psilocybin to licensed contract development and manufacturing organization (CDMO) that can capsulize the Company’s raw biosynthesized psilocybin enabling the dispensing of customized concentrations of psilocybin for deployment to physicians that have applied for and obtained approval on behalf of their patients for access to psilocybin under Health Canada’s Special Access Program1.

Core One Labs has taken another step towards being first to market with this cost-efficient biosynthetic…

[ad_2]