Mydecine (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA) is a biotechnology company engineering the next wave of innovative medications and treatment protocols to directly address addiction and mental health. The company today announced, further to its Sept. 1 news release, it has closed the sale of all of the issued and outstanding shares of its wholly owned subsidiary, Mindleap Health, to PanGenomic Health Inc., a company listed on the Canadian Stock Exchange (“CSE”). The sale is a significant step towards refocusing Mydecine’s resources on its primary strategy of discovering and developing innovative pharmaceutical psychedelic substances to meet the unmet needs of millions of patients worldwide. “We are extremely proud of what we built with the Mindleap App,” said Josh Bartch, chairman and CEO of Mydecine. “Mindleap fills a necessary void in mental health and gives users the tools they need to improve their overall health and wellbeing. The Mydecine team looks forward to watching the application flourish and grow and will provide support at every step of the way. We spoke with numerous parties when we made the decision to part ways with Mindleap, and ultimately, we decided the team at PanGenomic shared the same vision and had the team and the expertise to take the application to the next level.”
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About Mydecine Innovations Group Inc.
Mydecine is a biotechnology company developing the next generation of innovative medications and therapies to address addiction and mental health. The core strategy blends advanced technology with an elaborate infrastructure for drug discovery and development. Mydecine’s dedicated multinational team constantly develops new paths for breakthrough treatment solutions in areas with considerable unmet needs. By collaborating with some of the world’s leading specialists, the company aspires to responsibly speed up the development of breakthrough medications to provide patients with safer and more effective treatment solutions. At the same time, Mydecine’s approach focuses on the next generation of psychedelic medicine by creating innovative compounds with unmatched therapeutic potential through its clinical trial efforts with world-class scientific and regulatory expertise. Founded in 2020, Mydecine is based out of Colorado, USA, with extended offices in Alberta, Canada, and Leiden, Netherlands. For more information about the company, please visit www.Mydecine.com.
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