Holloware manufacturing company Siver Pharmaceuticals is about to release its first ever synthetic drug, a synthetic compound that contains the active ingredient, psilocybin, a psychedelic that can produce euphoria and creativity in humans.
The company is also aiming to sell its product in Britain, where the drug is legal.
The UK government is also planning to allow medicinal use of psilocin.
Siver’s synthetic compound, which is manufactured in Siver and marketed under the brand name Sol-3, is expected to be available in April.
Sivers chief executive officer, David Stowell, told the BBC: “We think we’re on the right track, and we’re not in a position to be sitting here and thinking about any risks at this stage.”
Holloware is an international company, founded in 1873, that is one of the world’s largest pharmaceutical producers.
It makes a number of synthetic drugs and medical products.
It was founded by the company’s founder, Dr John Holloware, who believed that drugs like LSD and psilopramamine were too dangerous to try to develop commercially.
The drugs were eventually banned by the United States, but it was only in 1984 that Britain passed legislation to allow the manufacture of the drugs.
Dr John H. Holloware founded Holloware Pharmaceuticals in 1869.
He was inspired by LSD and other drugs that he believed had been used for centuries to induce psychosis and mental illness.
In the mid-1960s, he began working on his own synthetic drugs, and in the late 1980s the company developed Sol-2, which was the first synthetic drug to have a significant amount of positive side effects.
Sol-1, produced by Dr John M. Hollowares company in the US, had the same effect, but with a lower level of serotonin.
Dr Holloware told the Today programme that he and his team were in talks with the US government about bringing the drug to the UK.
Dr H.H. said he and the US authorities had come to an agreement in principle to bring Sol-4, which he described as a “breath-taking” new synthesis of Sol-5.
It is expected that Sol-7 will be available to the public by April.
Dr Stowell said the company hoped that the UK government would allow its synthetic drug into the country, and that the company was working on a legal status document for the drug.
Hollowaring and Holloware began working together in the early 1990s, when they teamed up with a pharmaceutical company called Astralex to develop a synthetic psilolipid, the active constituent of which is a synthetic molecule.
The drug is manufactured at Holloware’s manufacturing facility in Croydon, UK, and is marketed under various brand names.
Hollowas drugs include a synthetic drug that contains psilo, and a synthetic derivative of pametazolam, which contains pamocitramine, the first human-derived antidepressant, which has been available to patients in the UK since 2012.
The synthetic drugs can induce a “high” and “psychosis” in people, but the company has also tested the drug in humans who have been treated with antidepressants, including those who have suffered a suicide attempt.
Hollowaing’s synthetic drug will be sold under the Sol-series.
Dr David Stowells said that although there were no immediate plans to sell the drug on the UK market, he hoped that this would be a “great opportunity” for the company to do so.
The BBC’s Paul Griffiths reports.