Mydecine Reports Financial Results For 2021

 

Late Thursday, Mydecine Innovations Group (OTC:MYCOF) reported financial results for the fiscal year ended December 31, 2021.

2021 Financial Results

Cash and cash equivalents as of December 31, 2021, were $1.5 million.

Other highlights from 2021 include:

"The conditional IRB approval we received is yet another positive signal that we will continue to advance our Phase 2b smoking cessation study, and we will hopefully receive full FDA IND approval in the second quarter of this year,” the company’s CEO, Josh Bartch commented:

Rob Roscow, Chief Scientific Officer, added: "Over the last year, our new chemical entity program has produced multiple patents covering several second-generation novel molecules that we believe will offer significant improvements over classic psilocybin and MDMA.”

​​​​​​​Photo: Courtesy of Micheile on Unsplash

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