Filament Health Corp. announced an exclusive global licensing agreement with NeoLumina Bioscience Inc. Under the terms of the agreement, Filament will license its proprietary botanical psilocybin drug candidate, PEX010, and associated intellectual property, to NeoLumina for clinical and commercial development related to eating disorders. PEX010 is formulated as an oral capsule, and has both US Food and Drug Administration and Health Canada authorization to enter into phase 1 and phase 2 human clinical trials.

NeoLumina is a life sciences company that aims to develop better first-line therapeutic candidates for mental health conditions that are based on psychedelic molecules. The licensing agreement with Filament grants NeoLumina global exclusive use of PEX010 for eating disorders and designates Filament as NeoLumina's supplier of PEX010 within this context. Filament will receive milestone payments of up to seven figures over the course of NeoLumina's clinical development and marketing authorizations, as well as future commercial royalties up to a low double-digit percentage of net sales.