Optimi Health Corp. Expands Its Global Reach with MDMA Supply Agreement to Israeli Research Institute

2 min readPublished On: March 28th, 2024By

LOS ANGELES – In a landmark move for psychedelic medicine, Optimi Health Corp., a preeminent manufacturer of psychedelics licensed by Health Canada, has announced a groundbreaking international supply agreement with The Institute for Psychedelic Research at Tel Aviv University (IPR-TLV). This partnership marks Optimi’s inaugural foray into the Israeli market, establishing a significant milestone in the company’s expansion strategy.

Under the terms of the agreement, Optimi Health Corp. will provide IPR-TLV with MDMA, utilizing its proprietary active pharmaceutical ingredient (API) production process. The supplied MDMA will facilitate pivotal research at IPR-TLV, focusing on the substance’s efficacy in animal models of alcohol addiction. This study, slated to begin in the summer of 2024 and conclude by the end of 2025, promises to enrich the scientific understanding of MDMA’s therapeutic potential, particularly in the realm of mental health and addiction treatment.

The collaboration has successfully cleared initial regulatory hurdles, with IPR-TLV securing the necessary import permit and Optimi Health Corp. in the process of obtaining an export permit from Health Canada. This procedural progress underscores the commitment of both parties to adhere to stringent regulatory standards, ensuring the integrity and legality of their pioneering research endeavors.

Bill Ciprick, CEO of Optimi Health Corp., shared his enthusiasm about the venture, stating, “Our agreement with IPR-TLV signifies an exciting entry into the Israeli psychedelics research market for Optimi. We’re thrilled to extend our reach as a leading psychedelics supplier, ensuring that researchers worldwide turn to us for their clinical and research needs. This collaboration reinforces our dedication to being at the forefront of the global psychedelic medicine landscape.”

IPR-TLV stands as a beacon of innovation in the field of psychedelic research, aiming to spearhead interdisciplinary studies that explore the intricate relationships between the brain, mind, and body through the lens of psychedelic substances. As the first institute of its kind in Israel, IPR-TLV’s collaboration with Optimi Health Corp. not only amplifies its research capabilities but also positions it as a global contender in the neuroscientific investigation of psychedelics and psychoactive medicine.

This partnership represents a significant stride forward in the international dialogue on psychedelic medicine, highlighting the growing recognition of these substances’ potential therapeutic benefits. As Optimi Health Corp. and IPR-TLV embark on this collaborative journey, their efforts are set to contribute valuable insights to the academic and medical communities, potentially reshaping approaches to mental health and addiction treatment on a global scale.

About the Author: HCN News Team

The News Team at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

Share This Story, Choose Your Platform!