Psyence Biomedical (PBM) has released an update.
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Psyence Biomedical Ltd., a company developing psilocybin-based medicines, has been notified by Nasdaq of non-compliance with market value requirements, potentially leading to delisting. The firm plans to request a hearing to retain its listing while working on regaining compliance. The company’s focus is on creating psychedelic therapeutics for mental health disorders in palliative care.
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