{"id":9150,"date":"2026-04-20T15:01:45","date_gmt":"2026-04-20T19:01:45","guid":{"rendered":"https:\/\/canadabiznews.ca\/press-releases\/pr\/diamond-therapeutics-welcomes-white-house-executive-order-on-research-into-psychedelics-for-mental-health-treatment\/"},"modified":"2026-04-20T15:01:45","modified_gmt":"2026-04-20T19:01:45","slug":"diamond-therapeutics-welcomes-white-house-executive-order-on-research-into-psychedelics-for-mental-health-treatment","status":"publish","type":"press-releases","link":"https:\/\/canadabiznews.ca\/press-releases\/pr\/diamond-therapeutics-welcomes-white-house-executive-order-on-research-into-psychedelics-for-mental-health-treatment\/","title":{"rendered":"Diamond Therapeutics Welcomes White House Executive Order on Research into Psychedelics for Mental Health Treatment"},"content":{"rendered":"

Company now conducting Phase 2 clinical trial using low doses of psilocybin for treatment of generalized anxiety disorder<\/i><\/p>\n

<\/div>\n
The recognition that new, science-based approaches are needed is timely. The Executive Order represents important progress for individuals who have not benefited from existing treatments.\u201d<\/b>\n
\u2014 Judy Blumstock, Founder and CEO. Diamond Therapeutics<\/div>\n<\/div>\n

TORONTO, ON, CANADA, April 20, 2026 \/EINPresswire.com<\/a>\/ — Diamond Therapeutics Inc.<\/a>, a clinical-stage drug development company focused on advancing neuroplastogens including psilocybin and related compounds, welcomes the April 18, 2026 White House Executive Order<\/a> to accelerate research into the use of psychedelics for mental health treatments.<\/p>\n

\u201cThe recognition that new approaches are needed \u2013 and that they should be developed within a clear, science-based framework \u2013 is both timely and important,\u201d said Judy Blumstock, Founder and CEO of Diamond Therapeutics. \u201cThe Executive Order represents an important moment of progress for individuals who have not benefited from existing treatments.\u201d<\/p>\n

The Order seeks to \u201caccelerate innovative research models and appropriate drug approvals to increase access to psychedelic drugs that could save lives and reverse the crisis of serious mental illness in America.\u201d<\/p>\n

Diamond is currently conducting a Phase 2 clinical trial using repeated administration of low doses of psilocybin for the treatment of generalized anxiety disorder (GAD). The trial is led by Dr. Claudio Soares MD, PhD, FRCPC, MBA, Director of the Centre for Psychedelics Health and Research, in Kingston, Canada. Trial recruitment has exceeded expectations and is now past the halfway point.<\/p>\n

The signing of the Executive Order coincides with Diamond\u2019s preparation for filing an FDA Investigational New Drug (IND) application with a focus on recruiting military veterans. Particularly encouraging is the Order\u2019s emphasis on advancing clinical research, strengthening coordination across regulatory agencies, and exploring responsible pathways to patient access.<\/p>\n

\u201cOver the past decade, I have witnessed first-hand dozens of veterans and other citizens who have undergone lifesaving transformations due to the safe and effective power of psychoactive medicines on human brain plasticity and emotional cognition,\u201d said Dr. Jamie Tyler, CTO, Diamond Therapeutics, who is leading the IND submission and trial management out of Diamond\u2019s Birmingham, Alabama office. \u201cThis Executive Order demonstrates the US Government\u2019s unique potential to accelerate action toward a collective solution.\u201d <\/p>\n

Diamond has also partnered with Tactical Mind Solutions, a provider of evidence-based mental health treatments based in Tampa, Florida, as a clinical site for the expansion of their clinical trials. <\/p>\n

\u201cThis Executive Order marks an important and hopeful step toward the future of mental health treatment,\u201d said Cheryl Lowry, MD, MPH, Co-Founder and Physician at Tactical Mind Solutions. \u201cWe believe this Order will create momentum for rigorous research into low dose neuroplastogens and other innovative approaches that may open the door to safer, more effective, and more accessible care for people living with PTSD, depression, and related conditions. We are honored to work with Diamond USA to help advance research that could broaden the range of evidence-based treatment options for veterans and other high-stress populations.\u201d<\/p>\n

About Diamond Therapeutics
Diamond Therapeutics Inc. is a clinical-stage drug development company based in Toronto, Canada and Birmingham, Alabama. The company develops innovative, evidence-based treatments for mental health conditions using rapid-acting behavioral and mental health therapeutics, including 5-HT receptor agonists such as psilocybin and other novel neuroplastogens. Diamond is highly focused on advancing safe and effective treatments to a broad patient population targeting mood dysfunction such as anxiety and potentially other common conditions. With a strong management team, board and advisory board, the company leverages numerous partnerships in the pharmaceutical industry and with leading academic institutions and clinical research funding bodies to advance its research. Learn more at: www.diamondthera.com<\/a>.<\/p>\n

Judy Blumstock
\nDiamond Therapeutics Inc.
\njudy@diamondthera.com
\nVisit us on social media:
\nLinkedIn<\/a><\/p>\n

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Company now conducting Phase 2 clinical trial using low doses of psilocybin for treatment of generalized anxiety disorder The recognition that new, science-based approaches are needed is timely. The Executive Order represents important progress for individuals who have not benefited from existing treatments.\u201d \u2014 Judy Blumstock, Founder and CEO. Diamond Therapeutics TORONTO, ON, CANADA, April … Read more<\/a><\/p>\n","protected":false},"featured_media":9151,"template":"","class_list":["post-9150","press-releases","type-press-releases","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/canadabiznews.ca\/press-releases\/wp-json\/wp\/v2\/press-releases\/9150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadabiznews.ca\/press-releases\/wp-json\/wp\/v2\/press-releases"}],"about":[{"href":"https:\/\/canadabiznews.ca\/press-releases\/wp-json\/wp\/v2\/types\/press-releases"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadabiznews.ca\/press-releases\/wp-json\/wp\/v2\/media\/9151"}],"wp:attachment":[{"href":"https:\/\/canadabiznews.ca\/press-releases\/wp-json\/wp\/v2\/media?parent=9150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}