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Psychedelics Offer Hope for Mental Disorders, Addiction
NetworkNewsWire Editorial Coverage: Global destigmatization, changing regulations and an upswing in research are speaking loudly to the opportunity for psychedelics to provide tangible improvements in medicine to address some of the most resistant, devastating and expensive conditions known to man. For decades, drugmakers have spent billions of dollars searching for therapies that can safely help people quit smoking and alleviate anxiety, as well as treat those with notoriously difficult diseases such as autism. Unfortunately, the conventional efforts have been to little avail. Fortunately, meaningful progress is being made with psychedelics across multiple fronts, such as the work of Mydecine Innovations Group (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA) (Profile), a biopharmaceutical firm formed in 2020 for the purpose of developing innovative therapeutics to treat PTSD, addiction and other mental health disorders. Mydecine is part of a renaissance for psychedelic medicine research that has captured investors’ attention, albeit through individual companies such as Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) and Seelos Therapeutics Inc. (NASDAQ: SEEL), or through exchange traded funds that provide exposure to a swath of companies, such as AdvisorShares Trust (NYSE ARCA: PSIL) and Horizons Psychedelic Stock Index ETF (NEO: PSYK)…
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