Delta, Kelowna, BC – June 22, 2021 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
Investor Ideas Potcasts #578, Cannabis News and Stocks on the Move; Interview with CEO of Albert Labs – improving patient access to psychedelic assisted therapies
Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com “Potcast” featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.
In today’ s podcast Investorideas interviews Dr. Michael Raymont, CEO of Albert Labs, a laboratory based, clinical research and drug development enterprise, focused on improving patient access to psychedelic assisted therapies through accelerated regulatory approval pathways, where we discussed the companies unique approach through Real World Evidence studies, the psychedelic landscape in the EU and UK as well as expectations around how the medical side of psychedelics will continue to develop.
Dr. Raymont’ s career has spanned leadership roles in venture capital, agricultural and healthcare investment, tech company leadership and senior Government service, where he ran the National Research Council (NRC), Canada’ s largest R&D organization. With a background in both science and business, Dr. Raymont has advised corporations and governments, worked extensively internationally, and has sat on the boards of over 50 public and private companies.
The company recently sent its application for listing on the Canadian Securities Exchange (” CSE” ). The Listing Statement submission will initiate a consulting phase by the CSE with the Company in preparation for subsequent listing of the common shares in the capital of the resulting issuer Albert Labs, subject to satisfying requirements of the CSE. While there can be no guarantee the Common Shares will be successfully listed on the CSE, Albert Labs is working towards the listing execution of definitive documents and closing with respect to the RTO definitive agreement dated March 5th.
Chand Jagpal, the Chief Operations Officer of Albert Labs, stated ” The much anticipated submission of the listing statement represents a significant milestone for Albert Labs. We’ re excited to move towards our goal of becoming a public company to attract growth capital and enable Albert Labs to continue towards its goal of being a worldwide leader and provide accelerated access to psychedelics medicines and therapy”
When asked what separates Albert Labs from other competitors in the psychedelic space, Dr. Michael Raymont commented, ” Albert labs is differentiated from our competitors by a unique strategy, and that unique strategy uses an asset light model and ,very important for investors, we are really focussed on speed to market. Speed to market means speed to revenues, and speed to revenues means faster returns for investors.”
” So how are we bringing these products to market? We’ re using an approach that is Real World Evidence studies. Real World Evidence studies differ from clinical trials. Here’ s the essential thing for investors, the difference, apart from the actual pathway towards regulatory approval, is the fact that Real World Evidence trials can be run and approved in a matter of months for a few million dollars rather than a matter of many years in most cases for clinical trial approved drugs and the common number today for clinical blockbuster drugs is roughly a half a billion dollars. So it’ s risk mitigated, it’ s fast to market, faster to revenues and it is safe,” Raymont continued.
Albert Labs, unlike some of its competitors today, is also much more focussed when it comes to the specific ailments they look to address through psychedelics as Raymont mentioned, ” Real World Evidence trials tend to focus on a pretty specific outcome and a pretty specific problem. So in our case at Albert Labs, we are focussed on treating anxiety in cancer patients, we are not trying to treat general anxiety. We may be able to treat other anxiety related situations beyond cancer but we would have to go through other trials in order to have the medicine used for something else.”
Dr. Michael Raymont went on to discuss the benefits of focussing on the UK and EU initially, growing interest from physicians and the mainstream medical community, which specific psychedelic compounds the company aims to work with initially and in the future of psychedelics when it comes to the difference between the medicinally focussed segment of the industry and the segment pushing for more of a recreational model.
To find out more information about Albert Labs click here.
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