NEW YORK, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Psyence Biomedical Ltd. (Nasdaq: PBM) (“Psyence BioMed” or the “Company”) today announced that both milestones attached to its backstop subscription commitment in Psyence Labs Ltd.
Psyence Biomedical operates as a pre-revenue clinical-stage entity, where the absence of commercial sales necessitates a heavy reliance on external capital to fund its PEX010 development pipeline.
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NEW YORK, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Psyence Biomedical Ltd. (Nasdaq: PBM) (“Psyence BioMed” or the “Company”) today announced that both milestones attached to its backstop subscription commitment in Psyence Labs Ltd.
Partnership intended to establish a Texas-based manufacturing pathway for pharmaceutical-grade ibogaine as TIRC advances its planned U.S. development program Partnership intended to establish a Texas-based manufacturing pathway for pharmaceutical-grade ibogaine as TIRC advances its planned U.S. development program
Binding term sheet with PsyLabs provides Psyence BioMed's Texas subsidiary with exclusive U.S. development, supply and distribution rights to PsyLabs' pharmaceutical-grade ibogaine, subject to a definitive agreement Binding term sheet with PsyLabs provides Psyence BioMed's Texas subsidiary with exclusive U.S. development, supply and distribution rights to PsyLabs' pharmaceutical-grade ibogaine, subject to a definitive agreement
Transactions include an investment of up to US$5 million in PsyLabs and an approximately US$9 million value-matched share exchange Highlights The Company is actively advancing plans for a potential ibogaine clinical trial in Texas for Opioid Use Disorder (OUD). Texas Ibogaine Research Corporation (TIRC), a dedicated U.S. subsidiary of Psyence BioMed, has been established for its planned ibogaine development activities in the US.

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Key metrics vs top competitors for Psyence Biomedical Ltd. (PBM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $2.96 | $4.39M | -0.24 | — | — | -58.62% | — | |
| $8.61 | $1.16B | -5.26 | — | — | -212.85% | — | |
| $8.96 | $555.38M | -2.56 | -9561.61% | — | -70.99% | — | |
| $105.02 | $14.39B | 337.47 | 2.72% | 5.53% | 4.89% | — | |
| $1.33 | $1.5M | -0.33 | — | -8269.53% | -81.74% | — | |
| $1.42 | $847.76K | -0.65 | — | — | -168.05% | — |
Psyence Biomedical Ltd. (PBM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Psyence Biomedical Ltd. (PBM) stock FAQ — growth, dividends, profitability & financials explained
No. Psyence Biomedical Ltd. (PBM) reported a net loss of $6.9M in fiscal year 2025.
Psyence Biomedical Ltd. (PBM) had a return on equity (ROE) of -58.6% in fiscal year 2025. A negative ROE means the company lost money over the period.
Psyence Biomedical Ltd. (PBM) had negative free cash flow of $8.6M in fiscal year 2025.