- The Fund is actively trading and focuses on companies that devote a majority of assets to psychedelic drug development.
Tryp Therapeutics (CSE: TRYP) (OTCQB: TRYPF), a pharmaceutical company focused on developing psilocybin-based compounds for diseases with unmet medical needs, announced today its inclusion in the AdvisorShares Psychedelics ETF, currently trading under the ticker symbol “PSIL” on the NYSE Arca exchange.
The Fund is actively trading and focuses on companies that devote a majority of assets to psychedelic drug development. The Fund was launched in September of this year and has built a portfolio including over 25 psychedelic companies. PSIL represents an exciting step for Tryp with potential to bring a more diverse shareholder base and to broaden life science exposure for the Company overall.
Additional information about the AdvisorShares Psychedelics ETF can be accessed here.
About Tryp Therapeutics
Tryp Therapeutics is a pharmaceutical company focused on developing psilocybin-based compounds for the treatment of diseases with unmet medical needs through accelerated regulatory pathways. Tryp’s Psilocybin-For-Neuropsychiatric Disorders (PFN™) program is focused on the development of synthetic psilocybin as a new class of drug for the treatment of chronic pain and other indications. The Company has announced upcoming Phase 2a clinical trials with the University of Michigan and the University of Florida to evaluate its drug products for fibromyalgia and overeating disorders, respectively. Tryp is also developing a proprietary psilocybin-based product, TRP-8803, that uses a novel formulation and route of administration to improve the patient experience. For more information, please visit www.tryptherapeutics.com.