A New Vaccine Against Depression? | MYND Life Sciences

Midas Letter

A New Vaccine Against Depression? | MYND Life Sciences

Play Episode Pause Episode

Mute/Unmute Episode Rewind 10 Seconds 1x Fast Forward 30 seconds

00:00 /

RSS Feed

Share

Link

Embed

MYND Life Sciences (CNSX:MYND) is a company exploring anti-inflammatory benefits of psilocybin and other psychedelic compounds as they apply to depression and other central nervous system (CNS) disorders.

There have been a lot of breakthroughs over the last decade defining what causes depression. Historically, depression has been diagnosed based on a checklist of symptoms system. It is now theory that depression can be looked at as neuro-inflammation. MYND has been concentrating on how psychedelics scientifically affect the brain and can be used as an anti-inflammatory for the last decade. The research already carried out suggests that psilocybin and psychedelic analogs can be used to treat this inflammation and ultimately depression as a whole.

“Just signed a licensing agreement for, get this? A vaccine against depression, against the inflammatory process. A little bit Star Trek-ish, but on the other hand when you have a physical cause, that’s where we are in health care in 2021.” – MYND Life Sciences CEO Dr. Lyle Oberg

MYND is currently driving toward the initiation of up to six clinical trials on the efficacy of psilocybin and psilocybin analogs by the end of this year. These clinical trials are looking into sepsis, cytokine storm, depression, and biomarkers. MYND expects to be revenue-generating and have a drug available to the public by the middle of next year.

Watch the full interview to learn about MYND’s 4 patents, its Section J exemptions studying 38 different psychedelic analogs, its work with the FDA/Health Canada, and its projected pathway to revenue.