India's Office of the Controller-General of Patents, Designs and Trademarks granted approval for a new compound created by the biotech company Clearmind Medicine Inc. CMNDF.
Clearmind, whose work focuses on the discovery and development of novel psychedelic-derived therapeutics to solve major undertreated health problems, has recently created an MEAI-based alcohol substitute that is currently traveling the world, crossing borders and searching for legal approval in order to battle the alcohol abuse disorder (AAD). It has already been granted patents for its application in Europe and has pending applications in the United States and China for this patent family.
According to its CEO Dr. Adi Zuloff- Shani, Clearmind is the sole owner of a family of patents for a synthetic substance as a replacement for alcohol. The company's intentions include developing both approved treatments as well as food supplements as complements for treating AAD.
The Israeli- Canadian company holds several patents on the non-hallucinogenic compound MEAI (5-methoxy-2-aminoindane, a novel psychoactive substance). The company intends to seek additional patents for its compounds whenever warranted and will remain attentive regarding the acquisition of additional intellectual property to build its portfolio.
Photo Courtesy of Naveed Ahmed on Unsplash
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.