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Mydecine Innovations acquires NeuroPharm

By Danielle Kirsh | July 14, 2020

mydecine-innovationsMydecine Innovations today announced it entered a definitive share exchange agreement to acquire 100% of NeuroPharm.

Mydecine Innovations will acquire all issued and outstanding shares in the capital of NeuroPharm for $6 million, which will be payable in common shares in the capital of the company.

NeuroPharm is currently developing evidence-based medicine of psychedelic based therapies to address mental health conditions that are frequently experienced by veterans and frontline workers. Mental health conditions include PTSD, depression, addiction, anxiety, Panic disorders and migraine and cluster headaches.

“According to recent published data, as many as 20 veterans on average commit suicide per day in the U.S. alone, and, to me, this is a heart-breaking staggering statistic that unfortunately is overlooked by so many. We owe everything to our veterans, EMS and frontline personnel, yet the best solutions for their long-term mental health are currently non-existent. Aligning ourselves with the amazing team at NeuroPharm affords us the ability to make a positive change. Myself and the rest of the Mydecine team are truly honoured to be a part of this effort to finally make a difference and we are incredibly excited about what we will all accomplish together,” Mydecine CEO Josh Bartch said in a news release.

NeuroPharm’s leadership team is mostly scientists and military personnel with drug development experience. It has extensive established relationships with global military organizations and can oversee all areas of the product lifecycle, including medical mushroom cultivation, drug delivery system development, clinical trial execution, all the way through to product commercialization.


Filed Under: Drug Discovery and Development
Tagged With: Mydecine Innovations, NeuroPharm
 

About The Author

Danielle Kirsh

Danielle Kirsh is an award-winning journalist and senior editor for Medical Design & Outsourcing, MassDevice, and Medical Tubing + Extrusion, and the founder of Women in Medtech and lead editor for Big 100. She received her bachelor's degree in broadcast journalism and mass communication from Norfolk State University and is pursuing her master's in global strategic communications at the University of Florida. You can connect with her on Twitter and LinkedIn, or email her at dkirsh@wtwhmedia.com.

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