Psyence BioMed Expands Through PsyLabs, Establishing Exclusive Public Market Presence In Africa For Ibogaine & Psilocybin Development

Psyence BioMed (NASDAQ:PBM) ("Psyence BioMed" or the "Company"), a biopharmaceutical company advancing nature-derived psilocybin and ibogaine therapies for unmet mental health needs, today announced that, through its strategic investment in PsyLabs, it is now the only publicly listed psychedelics company with active operations and manufacturing capabilities based in Africa – the natural and original source of ibogaine.

Derived from the Tabernanthe iboga shrub native to Central and West Africa, ibogaine has been used for generations in traditional healing and spiritual practices. Establishing a presence directly at the source strengthens traceable, sustainable, and responsible access to this rare compound. It also places Psyence BioMed in a uniquely advantageous position within the psychedelics sector, with direct access to ibogaine at its origin and the ability to control quality from source to finished product.

PsyLabs operates from a GMP-compliant facility in Southern Africa, where it produces highly purified, EU GMP-grade psychedelic compounds from natural sources, including psilocybin and ibogaine. The Company's vertical integration across cultivation, extraction, and purification strengthens security of supply and rapid scalability.