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Improving on Psychedelics for Therapy: Interview with Mindset Pharma

Robin Lefferts

February 11th, 2022

Psychedelics, Top News

Mindset Pharma Inc. (CSE: MSET) (OTCQB: MSSTF) is a drug discovery and development company focused on second generation psychedelics derived from or inspired by their natural forebears. Mindset’s molecules are intended to improve on the original substances in various ways, from increasing safety and reducing side effects to shortening the duration and even increasing potency.

Research on the potential benefits of psychedelic therapies is advancing around the world. The most prevalent indication, and perhaps the largest market potential, lies in the treatment of major depressive disorder (MDD). But psychedelics, including psilocybin, DMT (and 5-MeO-DMT), LSD, mescaline, and MDMA, have shown promise in treating a wide range of psychiatric and neurological disorders. Psychedelic therapies for PTSD, anxiety, addiction, and OCD have all been studied.

Despite the growing body of scientific evidence, the barriers to research, development, and eventual approval for psychedelic therapies remain high. The drugs themselves are listed as controlled substances by the federal government, which limits availability and funding and also restricts the ways they could be used if they ever gained approval. With federal funding constricted, private companies are left to foot the bill for developing therapies that are not easily patented since the drugs reside in the public domain.

Mindset Pharma’s business helps mitigate many of these issues with its patentable compounds and novel molecules that are not federally controlled. The company has researched hundreds of potential drug candidates and has developed four families of potential treatments. Mindset is in no way done with its research, but is embarking on the commercialization of some of its assets. The year started off with a bang as the company announced a collaboration with Otsuka Pharmaceutical, and more deals are anticipated.

Interview with CEO James Lanthier.

In this interview, Mindset Pharma’s CEO James Lanthier discusses the company’s business model and history, the families of drugs under development and their characteristics, the focus on drug discovery and intellectual property, and the plans to commercialize these second generation psychedelics.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Robin Lefferts

Robin Lefferts has been involved in the legal cannabis industry since 2012, sometimes as an active participant and always as an interested observer.

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