Biomind Labs to Argument Which Psychedelic Medicines Will Lead the Industry Into Its Next Phase of Evolution at The National Gallery in London

Rhea-AI Summary

Biomind Labs announced that CEO Alejandro Antalich will debate at the PSYCH Symposium in London on May 11, 2022. The symposium focuses on the potential of psychedelic healthcare. Antalich highlighted the importance of this discussion and expressed respect for UK Prime Minister Boris Johnson's consideration of psychedelic drug legalization. The company aims to develop pharmaceuticals using psychedelic molecules to address mental health disorders, emphasizing the need for further research to aid nearly one billion affected individuals.

Positive

• Participation in the PSYCH Symposium highlights Biomind Labs' commitment to engaging in industry discussions.
• Focus on developing pharmaceutical formulations of psychedelic compounds can position the company favorably in the growing psychedelic therapy market.

Negative

• No definitive timelines for product commercialization were provided, which may concern investors.
• Regulatory risks associated with the psychedelic drug market could hinder business operations.

TORONTO--(BUSINESS WIRE)-- Biomind Labs Inc. (“Biomind Labs” or the “Company”) (NEO: BMND) (OTC: BMNDF) (FSE: 3XI), a leading biotech company developing the next generation of pharmaceuticals to treat patients suffering from neurological and psychiatric disorders by scientifically harnessing the medicinal power of psychedelic molecules, is pleased to announce that its CEO Alejandro Antalich will be debating in the “PSYCH Symposium: London 2022 – Unlocking the potential of psychedelic Healthcare” to be held at The National Gallery next Wednesday, May 11, 2022.

(Graphic: Business Wire)

Alejandro Antalich, CEO of Biomind Labs commented: “The PSYCH Symposium will be one of the most relevant events in the psychedelic industry in 2022, and this is the reason why we have decided to be part of the debates with the principal leaders of the sector and use this forum to argument why we believe we have taken one of the best approaches within the sector as a pharmaceutical company.

Last year Prime Minister Boris Johnson said that he will examine the latest advice on the legalization of a psychedelic drug. We must confess that with this statement, Prime Minister Johnson won our respect because as a leader of a nation, he displayed empathy towards millions of patients that suffer from any kind of mental health disorder, and this kind of attitude is what is needed from global leaders.

We support the initiative of Mr. Crispin Blunt that has had a positive impact on Prime Minister Johnson, with the hope of promoting a global analysis and review of psychedelic legalization by government authorities, regulators and the psychiatry community. While more clinical research must be done, time is becoming critical for the almost one billion people that are affected by mental disorders”, concluded Mr. Antalich.

About Biomind Labs Inc.

Biomind Labs is a biotech research and development company aimed at transforming biomedical sciences knowledge into novel pharmaceutical drugs and innovative nanotech delivery systems for a variety of psychiatric and neurological conditions. Through its acceleration platform, Biomind Labs is developing novel pharmaceutical formulations of the main psychedelic molecules, N, N-dimethyltryptamine, 5-MeO-DMT and mescaline for treating a wide range of therapeutic indications. Biomind Labs’ focus is to provide patients access to affordable and modern-day treatments.

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements in this document include, among others, statements relating to the Company’s ability to scientifically harness the medicinal power of psychedelic molecules to treat patients suffering from neurological and psychiatric disorders, the possibility of a global analysis and review of psychedelic legalization by government authorities, regulators and the psychiatry community, any statement regarding the future impact of the PSYCH Symposium, the business plans and growth plans of the Company, the burgeoning landscape of the psychedelic industry, and other statements that are not historical facts.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: (a) the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; (b) compliance with extensive government regulation; (c) domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; (d) the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating peers; (e) adverse changes in the public perception of tryptamine-based treatments and psychedelic-based therapies; (f) the impact of COVID-19; and (g) general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release.

The Company makes no medical, treatment or health benefit claims about the Company’s proposed products. The U.S. Food and Drug Administration, Health Canada or other similar regulatory authorities have not evaluated claims regarding tryptamine-based treatments, psychedelic-based therapies or other psychedelic compounds. The efficacy of such products has not been confirmed by approved research. There is no assurance that the use of psychedelic tryptamines, tryptamine derivatives or other psychedelic compounds can diagnose, treat, cure or prevent any disease or condition. Vigorous scientific research and clinical trials are needed. The Company has not yet completed commercial clinical trials for the use of its proposed products. Any references to quality, consistency, efficacy and safety of potential products do not imply that the Company verified such in commercial clinical trials or that the Company will complete such trials. If the Company cannot obtain the approvals or research necessary to commercialize its business, it may have a material adverse effect on the Company’s performance and operations.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

The Neo Exchange Inc. has neither approved nor disapproved the contents of this news release and is not responsible for the adequacy and accuracy of the contents herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220509005532/en/

For more information, please contact:

Biomind Labs Inc.

Alejandro Antalich

Chief Executive Officer

Email: info@biomindlabs.com

Tel: + 598 97 702500

Source: Biomind Labs Inc.

FAQ

What is the significance of the PSYCH Symposium for Biomind Labs (BMNDF)?

The PSYCH Symposium allows Biomind Labs to engage with leaders in the psychedelic healthcare industry, showcasing their approach and commitment to this field.

When will Biomind Labs' CEO participate in the PSYCH Symposium?

CEO Alejandro Antalich will participate in the PSYCH Symposium on May 11, 2022.

What are Biomind Labs' main focuses in psychedelic research?

Biomind Labs focuses on developing pharmaceuticals utilizing psychedelic molecules to treat neurological and psychiatric disorders.

What challenges does Biomind Labs (BMNDF) face in the psychedelic drug market?

Biomind Labs faces challenges including regulatory uncertainty and the need for extensive clinical research to validate their products.