Psycheceutical Bioscience

Psycheceutical Bioscience

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Private Company

Total funding raised: $10M

Overview

Psycheceutical Bioscience is a private, pre-revenue biotech founded in 2019, pioneering a novel topical drug delivery system for psychedelic medicines. The company's NeuroDirect™ technology, applied at the back of the neck, is designed to deliver compounds like ketamine directly to neural targets, aiming to reduce systemic side effects such as hallucinations and improve dosing control. Its lead program, NeuroDirect™ Ketamine for PTSD, is in Phase 1 clinical trials, positioning the company at the intersection of the growing psychedelics therapeutics and advanced drug delivery markets. The company is headquartered in Miami, Florida.

PsychiatryNeurology

Technology Platform

NeuroDirect™ non-systemic delivery technology: a patented topical formulation applied at the back of the neck designed to deliver neuro-active compounds directly into peripheral nerve tissue, bypassing systemic circulation and the GI tract to reduce side effects.

Funding History

2
Total raised:$10M
Series A$8M
Seed$2M

Opportunities

The company targets the large and growing market for psychedelic therapeutics by solving a key adoption barrier: systemic side effects.
Its platform could enable safer, more convenient treatment in mainstream clinical settings, expanding the addressable patient population.

Risk Factors

High clinical risk associated with proving the novel delivery mechanism works as intended.
Intense competition from other psychedelic biotechs and potential regulatory hurdles for a first-of-its-kind delivery route.

Competitive Landscape

Competes with numerous biotechs developing oral/injectable psychedelics (e.g., Compass Pathways, MindMed) and drug delivery companies. Differentiation hinges on proving NeuroDirect™ offers superior safety/efficacy by minimizing psychedelic effects.