NetworkNewsBreaks – Mydecine Innovations Group (
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Mydecine Innovations (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA), a biotechnology and digital technology company aiming to transform the treatment of mental health and addiction disorders, was featured in a recent MidasLetter Live podcast. Mydecine’s CEO and Chairman Joshua Bartch joined the program to provide an overview of the company and the science behind its psychedelic compounds. “What we are showing in the efficacy rates that are coming out of that study are over three to five times what’s currently available of Chantix or a nicotine patch with a much safer drug,” Bartch said in discussing clinical trials for smoking cessation using psilocybin. “It’s a much more effective drug. When you look at the total addressable market it’s projected to be $64.5 billion by 2026, so that report gave us a 0.5% of the overall addressable market… So given the upside potential of one of our drugs being successful, you’re looking at a multiple dollar stock at a bare minimum. These are blockbuster drug potentials.”
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