• Studies suggest that psychedelics such as psilocybin and MDMA offer health benefits when used to treat patients with depression and PTSD
• These results have encouraged scientists, psychotherapists, and entrepreneurs, who say that FDA approvals may be on the horizon
• Mydecine is playing a vital role in pushing the knowledge of the benefits of psychedelic compounds by undertaking clinical research in partnership with academics
• In a recent interview, company CEO Josh Bartch emphasized the need for consistent messaging to push the adoption of psychedelics among the medical community, and help assuage concerns of patients who may be wary of psychedelic treatments

Fueled by the extremes of the counterculture witnessed in the ‘60s and ‘70s, psychedelics acquired a soiled reputation that drove stereotypical connotations, which are only wearing off years later thanks to efforts by researchers. Results from one study published in the New England Journal of Medicine, for example, showed the benefits of using psilocybin as a treatment for depression (https://ibn.fm/LfyUe). Another clinical trial published in the Nature Medicine journal established that MDMA (commonly known as Ecstasy and Molly) combined with counseling brought noticeable relief to patients with severe post-traumatic stress disorder (“PTSD”) (https://ibn.fm/rEBcb).

As a result, a 2021 New York Times article observed that the scientific and psychotherapeutic communities had been enthused, further noting that “[scientists, psychotherapists, and entrepreneurs in the field of…

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NOTE TO INVESTORS: The latest news and updates relating to MYCOF are available in the company’s newsroom at https://ibn.fm/MYCOF

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