Albert Labs is working with the largest oncology centre in Europe to drive access to innovative mental health medicine and therapy. We are partnering with leading research experts, existing clinical infrastructure and patient pools, enabling Albert Labs to deliver therapies to patients in need. This route provides an immediate in market solution as well as reimbursement mechanisms to drive early and sustained revenues.
Using the accelerated RWE pathway will bring its psilocybin medicine KRN-101 to market in a fast and focused manner. RWE is an approved pathway to licensing medicines used for oncology treatments, Interestingly it was used successfully for the Covid-19 Vaccines, which were approved in record time by the MHRA (The UK regulatory body).
Through a RWE strategy and utilising a natural compound with a history of safety, Albert Labs requires less capital expenditure than companies developing novel molecules or companies setting up clinic settings (e.g. Compass, Field Trip etc.). Randomised controlled trials can cost upwards of £½ billion and take 7-12 years. RWE offers a faster approach to achieving a licensed medicine.
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Albert Labs first target, KRN-101 a solution for cancer-related anxiety boasts an immediate addressable market of 1.2million in the UK. With 50,000-100,000 new sufferers annually. Expanding this to Europe TAM is over 10 million with 500,000-700,000 new sufferers annually.
Albert Labs has a particular focus on natural psilocybin cultivation for which they have submitted a patent application. The patent will enable Albert Labs to scale their natural mycelium and produce consistent EU GMP psilocybin and the other synergistic activities to scale API dosage to meet the significant unmet demand.
Albert Labs has an experienced management team featuring renowned experts across multiple fields, including notable leaders in regulatory affairs and the commercialisation of medicines. Everyone has been impacted by mental health and our team is no exception. It is our collective mission to deliver a real solution to the mental health crisis.
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Our people bring experience and expertise across multiple fields to deliver a scalable solution to the mental health crisis.