Psychedelics Producer Lucy Scientific Discovery Partners With Pramantha Group For Funding: What's Next?

Early-stage psychedelics manufacturing company Lucy Scientific Discovery Inc. LSDI partnered with specialized firm Pramantha Group to obtain key government contracts and grants that would enhance its drug manufacturing capabilities to meet the growing demand.

See Also: Lucy Scientific Discovery Plans To Manufacture Cocaine And Heroin To Supply Harm Reduction Programs Globally

In the context of international shortages and in an effort to reduce expenses due to the import of pharmaceutical products, several federal agencies across the U.S. and Canada have made funding available to support domestic drug manufacturing.

Lucy's CEO Chris McElvany believed the new partnership will help the company navigate “the complex landscape of government contracts and grants” as well as identify the right opportunities to both support Lucy’s growth and contribute to the country's healthcare needs.

McElvany stated that Pramantha, which additionally focuses on federal and state national security, critical infrastructure and economic development programs, “has a proven track record and a commitment to excellence that makes it an ideal partner for Lucy as we look to grow our operations.

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Photo: Benzinga edit with photo by cottonbro and Chokniti Khongchum on Pexels.