What does Texas SB2308 do?
SB 2308 establishes a state-funded consortium to pursue FDA approval for Ibogaine, requiring a strict 1:1 private funding match and mandating a permanent 20% state revenue share on resulting intellectual property. Texas hospitals, universities, and drug developers seeking participation must form binding tripartite agreements and secure liquidity immediately to meet the October 2025 application window. Implementation Timeline Effective Date: September 1, 2025.