FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Mydecine Innovations Group Bolsters Scientific Advisory Board Adding a Leading Neuroscientist and a Psychopharmacology Specialist.”
Mydecine Innovations Group Inc. (OTC: MYCOF) (CSE: MYCO) is pleased to announce the addition of two key strategic advisors to the company’s Scientific Advisory Committee.
Mydecine Innovation’s Group is a life sciences company focused on the development and commercialization of products and services that contribute to improving overall health and wellbeing. Our mission is to create a healthier world through advanced technologies, natural products, and psychedelic derived medicines. We own a group of trailblazing companies that are focused on helping millions of people live better lives and our portfolio includes:
- Natural Health Products
- Mycology Research & Development
There are numerous incredible innovations scientists and researchers have made in biotechnology in recent years. Among the fields of study are gene editing, tissue engineering and regeneration, nanobiotechnology and others. In addition, new segments under the biotech umbrella are constantly being created. For instance, the medical cannabis segment that has emerged in recent years, or the growing acceptance of psychedelic drugs. In recent studies, led by a number of universities and research institutions, data indicates the usefulness of potential applications of psilocybin. This naturally occurring substance was studied for use in the treatment of psychiatric conditions. In recent time, psychedelics have been used as potential treatment for various health conditions including depression, panic disorders, post-traumatic stress disorder (PTSD), and opiate addiction. Rick Doblin, Ph.D., Founder and Executive Director of the Multidisciplinary Association for Psychedelic Studies (MAPS), explained, according to an article by Forbes, that “the new psychedelic industry will need to focus on public benefit as well as profit in order to avoid a cultural backlash against these historically misunderstood substances.”
Just last year, the Johns Hopkins School of Medicine opened the Center for Psychedelic and Consciousness Research in Baltimore. Headed by renowned researcher Roland R. Griffiths, Ph.D., the Center aims to research the use of psychedelics to study the mind and identify therapies for diseases such as addiction, PTSD and Alzheimer’s. According to the university, a group of private donors has given USD 17 Million to start the Center, making it what’s believed to be the first such research center in the U.S., and the largest research center of its kind in the world. These recent developments make the young psychedelic market to be similar to the cannabis industry in its early steps. The legalization of cannabis in the U.S. dates back to the 1990s when California first legalized medical use. Following California’s lead, other states such as Oregon, Alaska, Washington, Maine, and Colorado all legalized medicinal cannabis just a few years after. Moreover, all of these states have since legalized the recreational use of cannabis. However, the process to legalize adult-use did not come into effect for more than a decade later when Colorado and Washington completely reshaped the cannabis industry when they became the first states to legalize recreational use back in 2012. Cannabis for medical products is being used to ease symptoms related with cancer, HIV/AIDS, multiple sclerosis, epilepsy, Alzheimer’s, Parkinson’s, and chronic pain.
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