(MENAFN – Baystreet.ca) Thousands of years ago, ancient Aztecs may have held the https://www.ncmh.info/2020/03/30/mental-health-and-magic-mushrooms/ key to the next biotech breakthrough.
During ceremonial rituals, they used a special compound they called “the flesh of the gods”…
And today, researchers are discovering that this same compound could transform how we approach mental health moving forward…
Sparking an explosion of interest in what some experts project could be a https://www.openpr.com/news/2068844/psychedelic-drugs-market-2020-to-grow-at-16-3-cagr-by-2027 $6.9 billion market by 2027
It’s already being studied in some of the top medical facilities in the United States, including Johns Hopkins University…
Where it was found that this chemical was up to https://www.npr.org/sections/health-shots/2020/11/04/931377532/rigorous-study-backs-a-psychedelic-treatment-for-major-depression 4x more effective in treating depression than typical antidepressants.
Source: https://www.beckleyfoundation.org/2016/05/17/magic-mushrooms-psilocybin-a-breakthrough-treatment-for-depression-from-the-beckleyimperial-research-programme/ BeckleyFoundation.org
Now, the media is taking the story mainstream as it continues to gain steam by the day.
CNN reported “One use of [this compound] https://www.cnn.com/2020/01/28/health/magic-mushrooms-psilocybin-cancer-patients-study-wellness/index.html reduces anxiety and depression in cancer patients.”
Fortune Magazine reported “Psychedelic drugs may https://fortune.com/longform/psychedelic-drugs-business-mental-health/ revolutionize mental health care.”
And https://www.cnbc.com/2020/11/04/oregon-becomes-first-state-to-legalize-magic-mushrooms-as-more-states-ease-drug-laws.html CNBC is reporting “Oregon becomes first state to legalize [the special compound] as more states ease drug laws in https://www.cnbc.com/2020/11/04/oregon-becomes-first-state-to-legalize-magic-mushrooms-as-more-states-ease-drug-laws.html ‘psychedelic renaissance'”
This could become one of the greatest transformations in mental health care we’ve seen in decades, with the potential to treat chronic conditions much faster than typical treatments.
And one company plowing ahead at the forefront of this breakthrough is Lobe Sciences Ltd. ( https://finance.yahoo.com/quote/LOBE.CN?p=LOBE.CN & .tsrc=fin-srch CSE:LOBE ; https://finance.yahoo.com/quote/GTSIF?p=GTSIF & .tsrc=fin-srch OTC:GTSIF ).
Earlier this year, they acquired Eleusian Biosciences Corp., another growing biotech company with several provisional patents to their name.
Between the treatments they’ve identified and devices they’re in the process of developing, they have the potential to own a significant share of this booming market.
And at a market cap of just https://finance.yahoo.com/quote/LOBE.CN?p=LOBE.CN & .tsrc=fin-srch C$8 million, this could be a major boom for early investors as news continues to break in this fascinating field.
Here are 5 reasons why you should be paying attention to Lobe Sciences ( https://finance.yahoo.com/quote/LOBE.CN?p=LOBE.CN & .tsrc=fin-srch CSE:LOBE ; https://finance.yahoo.com/quote/GTSIF?p=GTSIF & .tsrc=fin-srch OTC:GTSIF ).
#1 – The Massive Mental Health Market
In 2019, it was estimated that https://www.nimh.nih.gov/health/statistics/mental-illness.shtml#:~:text=Mental%20illnesses%20are%20common%20in,mild%20to%20moderate%20to%20severe. 1 in every 5 Americans lives with a mental illness, according to the National Institute of Mental Health.
And that was before the stress and uncertainty of living through a global pandemic.
That’s why the market for treating mental health and neurodegenerative disorders is projected to reach a whopping https://www.globenewswire.com/news-release/2019/07/26/1892319/0/en/Behavioural-Health-Market-Size-to-Hit-US-240-Bn-by-2026.html $240 billion by 2026.
But the transformative medicine movement could be poised to grab a huge share of that market based on early results.
These chemical compounds work in a completely different way than standard medications used today.
While most treatment approaches for mental health tend to focus on treating the symptoms, these compounds take a different approach.
They work by addressing the root cause of the issue by giving you a transformational experience that can help “reset” the brain…
Interrupting the thought patterns and habit loops in the brain that can get people stuck for months or years in many cases.