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Tryptamine Therapeutics secures AUD 6.5 million in initial public offering
Psychedelic Medicine
May 29, 2024
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Psychedelic Medicine

Psychedelic Medicine

May 29, 2024

Tryptamine Therapeutics secures AUD 6.5 million in initial public offering

Funding

  • Tryptamine Therapeutics, a clinical-stage pharmaceutical company, has secured AUD 6.5 million (USD 4.3 million) via its initial public offering.

  • Formed earlier this month through a merger between Tryp Therapeutics and Exopharm, Tryptamine Therapeutics is listed on the Australian Securities Exchange under the ticker symbol "TYP."

  • The new funds will be used toward advancing its pipeline of psilocin-based therapies into clinical trials.

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