A Leader in Transformational Medicine
This Lobe Sciences profile is part of a paid investor education campaign.*
Lobe Sciences (CSE:LOBE, OTC Pink:GTSIF) is a company focused on growth-oriented technologies with its core interest in transformational medicines and wellness. In particular, the company is targeting the psychedelic market in large part thanks to acquisitions and development of assets, products and technologies.
Within the psychedelics space, Lobe Sciences stands out from its competitors because it has physicians as part of its management team and four provisional patents filed for medicines that the company believes will have true efficacy in treating certain conditions.
Additionally, Lobe Sciences is forming a scientific advisory board that will focus largely on the psychedelics space because it is committed to the product basis and the types of medicine the company is developing.
Psychedelic products contain hallucinogens, such as psilocybin and psilocin, and heightens emotions and sensations by creating a temporary chemical imbalance in the brain. The benefits of psychedelics are being evaluated in a range of mental health disorders, including anxiety, depression and obsessive compulsive disorder as well as areas Lobe Sciences is targeting such as brain trauma and posttraumatic stress disorder (PTSD) associated with head trauma.
Through its subsidiary Eleusian Biosciences, Lobe Sciences is able to focus on the development of therapeutics for multiple pathological psychological diseases based on MDMA and psilocybin, which is the active ingredient of psychedelic mushrooms, plus NAcetylcysteine(NAC) compounds.
Lobe Sciences acquired Eleusian Biosciences in July 2020, adding to the company’s portfolio access to the psychedelic sector and development opportunities with brain health and mental wellness.
As part of the transaction, Lobe Sciences acquired key assets from Eleusian Biosciences, including a US Provisional Patent Application called “Device and Method for the Treatment of Traumatic Brain Injuries and Post-Traumatic Stress Disorder,” and US Provisional Patent Application, entitled “Methods and Compositions for Treating Post Traumatic Stress Disorder or Mild Traumatic Brain Injury with Post Traumatic Stress Disorder.”
Other key highlights of the acquisition include a collaborative research agreement in relation to Eleusian’s combination therapy of NAC and psilocybin to treat mTBI with PTSD and a cash balance of C$225,000, net of all liabilities.
Eleusian Biosciences is collaborating with a multidisciplinary team of scientists and physicians at the University of Miami to develop effective therapeutics to treat mild traumatic brain injury and concussion (mTBI) with PTSD or PTSD alone based on the combination of psilocybin and NAC. NAC has demonstrated efficacy in treating mTBI, particularly in reducing neuronal losses and reducing impaired cognitive and neurological symptoms after injury to the head.
In collaboration with university research institutes, GreenStar aims to prove that clinical and physiological effectiveness in post concussion syndrome and PTSD are enhanced by timely measured doses of psilocybin plus NAC with superior clinical results as measured by objective outcomes.
Lobe Sciences believes adding psilocybin or MDMA to the mixture will help suppress or eradicate pathological memories associated with PTSD. It has the potential for positive clinical outcomes in treating destructive behaviours such as drug and alcohol addiction, obsessive compulsive disorder (OCD), Alzheimer’s and Parkinson’s disease, autism, schizophrenia and bipolar disorder.
Cowlitz County Cannabis Cultivation Inc., another subsidiary of Lobe Sciences, is also an integral part of the company’s business plans moving forward. Cowlitz, based in Washington State, is a Tier 2 licensed cannabis processor. Washington is one of the states where medical use of cannabis is legal and is one of the most mature cannabis markets in the country. As a top producer in the state, Cowlitz has a range of innovative products and brands it brings to the market.
Lobe Sciences’ Company Highlights
- Focused primarily in the US market for head trauma
- Currently targeting the psychedelics market through its acquisition of Eleusian Biosciences
- Therapeutic areas the company is focused on include brain trauma and posttraumatic stress disorder (PTSD) associated with head trauma
- Through the acquisition, Lobe Sciences acquired provisional patents to treat PTSD or mTBI with PTSD
- A third provisional patent was also acquired for methods and compositions for treating mTBI PTSD alone with 3,4 MDMA plus NAC
- Its fourth patent pending is a medical device for delivery of medicines to the olfactory bulb and GreenStar is currently searching for a device development partner.
- Eleusian is collaborating with a multidisciplinary team of scientists and physicians from the University of Miami to develop therapeutics to treat mTBI with PTSD or PTSD alone based on the combination of psilocybin and NAC
- Through its subsidiary Cowlitz County Cannabis Cultivation Inc., Lobe Sciences owns certain assets including the property leases and intellectual property of Cowlitz
- Cowlitz is one of the top 5 Tier 2 processors in Washington state and has its products broadly available at dispensaries across the state
Lobe Sciences’ Future Outlook
Moving ahead, Lobe Sciences has a range of catalysts on the horizon.
The company is gearing up to conduct pre-clinical studies, which includes GLP toxicology, ADME in addition to forming and manufacturing, to file an investigational new drug application (IND). Lobe Sciences, together with its subsidiary Eleusian Biosciences, will partner with the University of Miami to conduct the study on rodents to prove the efficacy of the molecules.
With successful results following the study and regulatory approval, Lobe Sciences aims to file its IND with the US Food and Drug Administration (FDA) by March 2022 to be able to move the candidate of psilocybin and NAC into a Phase 3 Clinical Trial by July 2022 on humans for the treatment of mTBI with PTSD or PTSD alone in collaboration with investigators at the University of Miami and other clinical research institutions. The company aims to look at what proper dosing will look like with these trials.
Pending any FDA approval, Lobe Sciences will consider bringing its products to other global markets.
Lobe Sciences’ Management Team
Philip J. Young—CEO, Corporate Secretary, Director
Philip Young is an accomplished CEO and innovative professional with 25 years of expertise in senior executive management and board roles, with significant mergers and acquisitions and equity financing experience. He has a proven track record in the biotech, medtech and pharmaceutical industries with expertise in dealing with FDA/regulatory frameworks as well as new device and therapeutics development. From 2015 until 2019, Mr. Young was the Founder, Chairman, and CEO of Exactus Inc. (“Exactus“), an OTCQB listed company he successfully transitioned from a medical technology company to a farming focused hemp-derived CBD company.
Prior to Exactus, Mr. Young was the president, CEO, and Director of AmpliPhi Biosciences Corp. (now Armata Pharmaceuticals Inc.), a global biopharmaceutical company. He was also previously the President, CEO and a director of Osteologix Inc., where he was responsible for directing and managing all facets of the global pharmaceutical development company. He is the former Chief Business Officer and Executive Vice President of Insmed Inc., where he directed all financing, corporate and commercial communications activities. Prior thereto, he was the Vice President and General Manager of Neurex Corp., where he was involved with the negotiations for its US$700 million acquisition by Elan Corporation. Mr. Young holds a Bachelor’s of Science from James Madison University.
For over 13 years, Brian Zasikto has worked in a number of private and public companies in sectors such as cannabis, agriculture, manufacturing, and utility industries. Mr. Zasitko is well versed in financial reporting and corporate governance and the capital markets.
Dr. Maghsoud Dariani—Chief Science Officer
Dr. Dariani has extensive experience working with a wide range of life science companies. He is the current president and CEO of Semorex Inc., a privately held company focused on novel therapeutics for cancer. Mr. Dariani was previously the president of Focus Pharmaceuticals, Inc., where he managed the development and approval of drug products and notched an FDA approval for another clinical evaluation stage.
Jonathan Gilbert was the founder and CEO at Tassili Life Sciences Corp., a biotech firm conducting research with psilocybin. Gilbert is also the founding CEO of Eleusian Biosciences, which Lobe Sciences acquired in June 2020, and will play an integral role in the company’s growth strategy moving forward.
Leighton Bocking has worked in the capital markets for over a decade. Primarily, his role has been as an independent corporate development consultant as well as other various director roles. Mr. Bocking has been particularly focused on financing and structuring companies.
Dr. Mark A. Geyer—Advisor
Dr. Mark A. Geyer Ph.D. is Distinguished Professor of Psychiatry and Neurosciences Emeritus at the University of California San Diego (“UCSD“). He directs the Neuropsychopharmacology Unit of the VISN 22 Veterans Administration Mental Illness Research, Clinical, and Education Center. Since receiving his doctorate in Psychology in 1972, he has focused on basic research addressing the behavioral and neurobiological effects of psychedelics and other psychoactive drugs. For over four decades, his group has had continuous funding from the National Institute on Drug Abuse to study the behavioral effects of hallucinogens.
*Disclaimer: This profile is sponsored by Lobe Sciences (CSE:LOBE). This profile provides information which was sourced by the Investing News Network (INN) and approved by Lobe Sciences, in order to help investors learn more about the company. Lobe Sciences is a client of INN. The company’s campaign fees pay for INN to create and update this profile.
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The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Lobe Sciences and seek advice from a qualified investment advisor.