- Albert Labs has an existing relationship with the largest oncology centre in Europe, setting the stage for rapid commercial deployment of its medication upon completion of clinical trials and receipt of regulatory approval.
- The usage of the Real-World Evidence clinical model will accelerate the clinical trials and allow the company to reach regulatory approval much faster than traditional trials.
- Albert Labs has a proprietary and provisionally patented process for producing the active ingredient in its medicines that allows improved scale and standardization.
- A diverse team of doctors, scientists, and managers are leading the company towards receiving approval for its inaugural medicine and beyond.
Cancer treatments have come a long way, but they have a major blind spot that needs to be addressed: mental health associated with the diagnosis. In 2020, there were 18 million new cancer cases globally, and that’s expected to climb to 27.5 million new cases annually by 2040. Cancer-related distress, including depression, anxiety, and existential crisis impacts 56 percent of cancer patients.
Despite this need, cancer-related distress often goes untreated due to contraindications with cancer treatments. These risks often result in oncologists being fearful to prescribe traditional first-line antidepressants, leaving cancer patients with only psychiatric counseling to treat their distress which has limited success in this patient cohort.
Facing a cancer diagnosis is difficult enough. Facing it without effective psychiatric support is even more challenging. Patients report feelings of helplessness and a hastened desire for death. Researchers are now exploring how natural psychedelic compounds can be transformed into practical mental health treatments for cancer patients. Psilocybin, has already been shown to be effective in treating major depression. Will these bold new medications finally give patients relief?Albert Labs (CSE:ABRT) is a Vancouver-based research and drug development company focused on improving patient access to innovative mental health medications. The company is presently developing a natural psilocybin-based medication for patients with cancer-related distress. With the intention of expanding its clinical development program to address other unmet mental health needs after initial success.