NetworkNewsBreaks – Mydecine Innovations Group (
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Posted On: 01/10/2022 2:36:35 PM
NetworkNewsBreaks – Mydecine Innovations Group (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA) Engages JBN Partners LLC, Completes Target-Based Model for AI-Driven Drug Discovery Program
Mydecine Innovations (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA), a biotechnology and digital technology company aiming to transform the treatment of mental health disorders and addiction, has announced its engagement of JBN Partners LLC to increase public awareness of and interest in the company, its management and its products. Under the collaboration, JBN will coordinate certain investor relations and corporate financial public relations with members of the investment community, the financial media and the general public. The services agreement with JBN has a term of six months with a total payment value of $150,000.
In addition, the company today announced that it has completed a target-based model of the classic psychedelic serotonin receptor “5-HT 2A” for use in its AI-driven drug discovery program. According to the update, the model will allow Mydecine to expeditiously screen billions of structures to determine which novel compounds are most likely to increase binding affinity, enabling the company to continue creating improved second- and third-generation psychedelic molecules for medical use. “AI gives us an incredibly robust tool for screening potential novel psychedelic compounds,” said Mydecine’s Chief Science Officer Rob Roscow. “This screening gives us increased confidence in investing in the later stages of our drug development and enables rapid development in our pipeline.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Mydecine Innovations (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA), a biotechnology and digital technology company aiming to transform the treatment of mental health disorders and addiction, has announced its engagement of JBN Partners LLC to increase public awareness of and interest in the company, its management and its products. Under the collaboration, JBN will coordinate certain investor relations and corporate financial public relations with members of the investment community, the financial media and the general public. The services agreement with JBN has a term of six months with a total payment value of $150,000.
In addition, the company today announced that it has completed a target-based model of the classic psychedelic serotonin receptor “5-HT 2A” for use in its AI-driven drug discovery program. According to the update, the model will allow Mydecine to expeditiously screen billions of structures to determine which novel compounds are most likely to increase binding affinity, enabling the company to continue creating improved second- and third-generation psychedelic molecules for medical use. “AI gives us an incredibly robust tool for screening potential novel psychedelic compounds,” said Mydecine’s Chief Science Officer Rob Roscow. “This screening gives us increased confidence in investing in the later stages of our drug development and enables rapid development in our pipeline.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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