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Xylo Bio
A drug development company focused on next generation psychedelics to make broadly accessible medicines as improved treatments to currently available SSRI medications
About Xylo Bio
Psylo is a biotechnology startup focused on developing innovative treatments for mental illness using psychedelic substances. The company operates in the mental health and pharmaceutical markets, aiming to address the significant unmet needs in treating chronic mental disorders. Psylo's mission is to harness the therapeutic potential of psychedelics to create next-generation neuropsychiatric treatments.
The company targets a broad patient population, particularly those who have not found relief with traditional treatments like SSRI antidepressants, which are only marginally more effective than placebos and often come with numerous side effects. Psylo's approach involves extensive research and development to iterate on natural psychedelic compounds, creating novel therapeutics that could offer more effective and safer alternatives.
Psylo's business model revolves around the research and development (R&D) of these new treatments. The company invests heavily in clinical trials and scientific studies to validate the efficacy and safety of its psychedelic-inspired therapeutics. Revenue generation is expected to come from the commercialization of these treatments, either through direct sales or partnerships with larger pharmaceutical companies. By focusing on a niche yet growing market, Psylo aims to position itself as a leader in the emerging field of psychedelic medicine.
In summary, Psylo is pioneering the development of new mental health treatments derived from psychedelics, targeting patients dissatisfied with current options. The company operates in the mental health and pharmaceutical sectors, with a business model centered on R&D and potential commercialization through partnerships or direct sales.
Source: Dealroom company dataAt a glance
- Founded
- 2021
- Headquarters
- Sydney, Australia
- Sector
- Biotech & Life Sciences
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed9 investors entered at this stage
Main Sequence Ventures
Focalpoint Ventures
CaraMed Capital
Lionheart Ventures
Negev Capital
Tenmile
Gaingels
Palo Santo Venture Fund
Mystic Ventures
Source: Dealroom Talent Intelligence.
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