The mice model data indicates considerably shorter half life and accelerated onset while retaining generation-1 MDMA features. The objective of this effort has been to develop medications that mirror the qualities and effects of Gen-1 MDMA with a shorter duration. The Company believes that these enhanced features will significantly improve their usability in existing medical and clinical settings, removing the need for a specialized "psychedelic clinic" where clinicians can use the MYCO-006 drugs to improve the efficacy of therapy sessions while eliminating the need for further post-session monitoring of the patent. As compared to Gen-1 MDMA, this provides a huge cost savings in physician hours and allows more patients to be treated in the same amount of time.

Mydecine’s latest studies show that the cell receptor level activity and time course of the MYCO-006 family are consistent with the program's goals. For starters, the compounds share the same therapeutic effect as Gen-1 MDMA, and the animal research has revealed successful shorter half-life duration. MYCO-006 compounds are projected to last one-third as long as MDMA, lasting around one to two hours vs the conventional six to eight hour duration of Gen-1 MDMA, with a four-fold onset increase.

The MYCO-006 family of medication candidates is protected by numerous layers of pending patent claims, which have been fully disclosed and include, among other things, composition of matter, granting Mydecine exclusive use of these prospective pharmaceuticals for the next two decades.

PTSD, anxiety, depression, addiction and chronic pain are among the potential indications being considered for MYCO-006 use.

Robert Roscow, CSO of Mydecine, stated, “Mydecine is happy to have met our development target of developing shorter acting MDMA-like compounds and looks forward to delivering these medications in human trials in the near future. This medication family has tremendous potential to aid people in need.”

Joshua Bartch, CEO and Chairman of Mydecine, stated, “We are confident that MAPS will receive FDA clearance for Gen-1 MDMA as soon as this year, making MDMA the first approved substance in the psychedelic realm. MAPS late-stage research efficacy rates were much greater than any currently approved therapy for PTSD and numerous other indications. While we regard these results as encouraging and believe the medicine will be a success, we also notice serious flaws with Gen-1 MDMA that we are trying to improve. According to one of our vision statements, we will be successful when these medications are offered in the current medical infrastructure. This would provide access to a substantially larger proportion of the suffering population and significantly increase the volume of treatments. To do this, the pharmacological properties must be compatible with the capabilities of existing practices and treatment facilities, most notably by dramatically lowering the whole experience duration to between 1 and 2 hours. With this new data, we feel we are well on our way to meeting these objectives."