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Mydecine CEO Josh Bartch on FDA News and Smoking Cessation Treatments

We last heard directly from Mydecine Innovations Group (NEO: MYCO)(OTCMKTS: MYCOF) at the end of January. Mydecine CEO Josh Bartch is back to sit down…

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We last heard directly from Mydecine Innovations Group (NEO: MYCO)(OTCMKTS: MYCOF) at the end of January. Mydecine CEO Josh Bartch is back to sit down at the table with Shadd and The Dales Report to fill us in on the company’s latest news.

Here’s some highlights from the interview.

Post COVID, Poor Mental Health Pushing Changes

With the pandemic not so far behind us, mental health is worse than ever. There’s an importance in pushing for innovation and new, different mental health treatments, says Bartch. He believes that psychedelics offer that.

“It’s absolutely true,” says Bartch, “that there is a massive problem in, one, the way we’re treating mental health, the attention that we’re giving it, the available treatments; but two, there’s a problem with some of the first-generation drugs that are being developed in psychedelics.”

The biggest problem? The cost associated with the drugs, once they commercialize. And a large portion of the cost is needing to have practitioners minding a single patient for up to eight hours for a single treatment.

Mydecine Molecule MYCO-001 Cleared By FDA For Smoking Cessation

Reducing the duration of the psychedelic experience without losing the benefits of the psychedelic is the holy grail for many pharmaceutical companies. Eventually, Mydecine and Bartch hope that MYCO-004 will fit that bill. But the first step is experimenting with the pure, OG molecule itself.

In big news for Mydecine, MYCO-001 was cleared by the FDA just last week for use in smoking cessation treatments. This gives the planned Q2 study with John Hopkins, in conjunction with NYU and the University of Alabama Birmingham, a chance to go ahead. Hopkins will be using the MYCO-001 molecule and the niacin placebo both provided by Mydecine. Mydecine will be getting back all the safety and efficacy data, which Bartch says will help support their own phase IIb trial and eventual submission.

Smoking Addiction ‘A Unique Indication,’ Says Bartch, Which Makes Mydecine Study Significant

Unlike cocaine, opiod or alcohol addictions, there are no significant comorbidities associated with smoking. Patients with other addictions have lives ‘in shambles,’ says Bartch. But the smoking population? “These people are living normal lives,” he says. And it’s bizarre, the way we treat a substance that’s by far the deadliest of all the substances abused combined.

The smoking cessation market is worth a projected $64bn by 2026. The only real smoking cessation treatment drug had a success rate in single digits, and was recently recalled for containing a carcinogen. While psilocybin will always need to be done in the right set and setting by trained professionals, he argues, he believes that the efficacy is at least as good as Chantrix, and far safer.

Be sure to tune in for the full interview, to hear everything Bartch has to say about Mydecine’s upcoming strategy for the next 12 months, and how they are faring despite the upheaval in the market for psychedelic companies. This and more, right here on The Dales Report.

The post Mydecine CEO Josh Bartch on FDA News and Smoking Cessation Treatments appeared first on The Dales Report.

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Moderna To Commence Construction Of World’s First mRNA Factory On Australian College Campus

Moderna To Commence Construction Of World’s First mRNA Factory On Australian College Campus

Authored by Jessie Zhang via The Epoch Times…

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Moderna To Commence Construction Of World’s First mRNA Factory On Australian College Campus

Authored by Jessie Zhang via The Epoch Times (emphasis ours),

The U.S. pharmaceutical giant Moderna has finalised arrangements with the Australian and Victorian governments to build the world’s first mRNA production facility located on a university campus.

An aerial view of Monash University in Melbourne, Australia on Oct. 21, 2002. (Getty Images)

The construction at Melbourne’s Monash University is expected to commence at the end of 2022, with production anticipated to begin by the end of 2024.

The company said that the facility is expected to produce up to 100 million mRNA respiratory vaccine doses annually, targeting respiratory viruses, including COVID-19, seasonal influenza, respiratory syncytial virus, “and other potential respiratory viruses, pending licensure.”

Moderna CEO Stephane Bancel speaks at the World Economic Forum annual meeting in Davos on May 23, 2022. (Fabrice Coffrini/Getty Images)

“We look forward to being a part of the Monash Clayton precinct and contributing to the R&D ecosystem in Melbourne and across Australia,” Moderna General Manager Michael Azrak said in a statement on Aug. 15.

The prime minister of Australia and the premier of Victoria said that the plan for the ten-year partnership to create a “homegrown” mRNA ecosystem has been completed.

It is designed to reduce Australia’s dependence on imported mRNA vaccines, vulnerability to supply disruptions, and delays, according to the Australian ministers.

Premier of Victoria Daniel Andrews said that this agreement means that Australia will be home to Moderna’s only mRNA manufacturing centre in the Southern Hemisphere.

“We’re not wasting a second in making sure we have access to the vaccines we need to keep Victorians safe,” Andrews said.

Vaccine Development Rushed

However, a professor of medicine at Australia’s Flinders University has said that, in his opinion, the mRNA development was rushed, and that this may have contributed to issues with adverse reactions.

“I think there was early leadership by Oxford University [AstraZeneca] with the adenovirus viral vector being put into human trials very quickly, you saw that similarly with Moderna and its mRNA approach,” Nikolai Petrovsky told The Epoch Times previously.

“This created a ‘follow the leader’-type mentality with (manufacturers) Sputnik and Johnson and Johnson copying the Oxford approach and Pfizer following Moderna with the mRNA approach.”

Last year, the Victorian government made a significant $50 million (US$35 million) investment to establish “mRNA Victoria,” an initiative responsible for leading the mRNA vaccine industry for future generations.

As part of this initiative, they granted Monash University $5.4 million to create the mRNA production facility on its campus.

Tyler Durden Wed, 08/17/2022 - 22:15

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Las Vegas Strip Gets a Brand New Technology

It’s not just Caesars and MGM innovating on the Strip. A number of other companies are trying big idea.

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It's not just Caesars and MGM innovating on the Strip. A number of other companies are trying big idea.

Las Vegas has quietly become a hotbed for innovation. Some of that has been driven by the major casino operators -- Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report, MGM Resorts International (MGM) - Get MGM Resorts International Report, Resorts World Las Vegas, and Wynn Resorts (WYNN) - Get Wynn Resorts Limited Report -- trying to outdo each other to win over customers.

Some innovations are ostentatious and hard to miss, like the MSG (MSGE) - Get Madison Square Garden Entertainment Corp. Class A Report Sphere being built at the Venetian. That first-of-its-kind concert venue looks as if it dropped to Earth from a technologically advanced civilization, and it has raised the bar for performance venues.

Many innovations, however, aren't as obvious. Caesars, for example, uses an artificial intelligence text-based concierge that's surprisingly effective. "Ivy," as it goes by, can answer questions, help with mundane tasks like getting clean towels delivered, or advance your issue to a human where needed.

Innovations big and small are happening up, down, and under the Las Vegas Strip. Elon Musk's Boring Co. has been building a network of tunnels under the city that will eventually use driverless Tesla  (TSLA) - Get Tesla Inc. Report electric vehicles to ferry people all over the city. 

That's a revolutionary idea -- but now a rival has emerged.  

Image source: Daniel Kline/TheStreet

Musk Goes Low, Lyft Goes High?

Musk's Boring Co. has a bold plan for more than 50 stations connecting the Las Vegas Strip to the airport, the Convention Center, Allegiant Stadium, and Fremont Street using driverless Teslas. 

Currently, only a small portion of that network has been built -- a section connecting the two halves of the Las Vegas Convention Center (and one connecting Resorts World Las Vegas to that same location.

For Musk and Boring Co., it's all about taking traffic off the city's busy streets and bringing it underground.

"During typical peak hours, driving from the Las Vegas Convention Center to Mandalay Bay, for example, can take up to 30 minutes. The same trip on Vegas Loop will take approximately 3 minutes," the company says on its website.

If Musk's plan is fully built, it'll effectively give Las Vegas a modern subway, helping alleviate road congestion. It will not, however, stop tourists from using ride-share and taxi cabs.

Now, ride-share company Lyft  (LYFT) - Get Lyft Inc. Report has brought a solution to Sin City that may ultimately help it solve another problem: a shortage of taxi and ride-share drivers. 

Lyft Brings Driverless Cars (Sort of) to Las Vegas

Labor in Las Vegas has been in short supply since the pandemic hit. Some people left the city and others found work outside the service-industry jobs that fuel the Las Vegas economy. At times, that has made the wait for a cab, or a ride-share from Uber (UBER) - Get Uber Technologies Inc. Report and Lyft, longer than usual.

Lyft plans to fix that by partnering with Motional to bring Motional's "Ioniq-5-based robotaxi, an autonomous vehicle designed for fully driverless ride-hail operation, to the Lyft network in Las Vegas," the ride-share company shared in a news release.

The Ioniq 5 is Hyundai's  (HYMTF)  prominent EV. Motional is the Boston joint venture between Hyundai and automotive-technology specialist Aptiv.  (APTV) - Get Aptiv PLC Report

"Launching Motional’s all-electric Ioniq 5 on Lyft’s network in Las Vegas represents tremendous progress in our vision to make an electric, autonomous, and shared future a reality for people everywhere," said  Lyft CEO Logan Green.

It's Self-Driving Lyfts, But...

There is, however, a pretty big catch.

"Each vehicle arrives with not one but two backup drivers standing by to take control of the car should anything go wrong" Casino.org's Corey Levitan reported.

Lyft has promised a truly driverless system at some point in 2023, but current laws and the state of driverless technology make the backups necessary.

Motional and Lyft have quietly been testing driverless vehicles in Las Vegas since 2018. In the news release, Lyft explained how the system works.

"This means riders are able to easily control their ride without assistance from a driver. The enhanced experience includes unlocking the doors through the Lyft app and starting the ride or contacting customer support from the new in-car Lyft AV app, an intuitive in-ride display tailored to autonomous ride-sharing," the company said.

Lyft and Boring Co. are not working together. But if Musk's plan takes vehicles off Las Vegas's streets, the new program makes the experience better for any that remain. 

Ride sharing and taxis will continue to cost significantly more than using Boring Co's subway-like system, so it's easy to see how the two options will work well together.   .

 

  

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Elon Musk’s Las Vegas Strip Plan Has Some Competition

It’s not just Caesars and MGM innovating on the Strip. Elon Musk has been tunneling under Las Vegas to solve a big problem, and now he has a rival.

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on

It's not just Caesars and MGM innovating on the Strip. Elon Musk has been tunneling under Las Vegas to solve a big problem, and now he has a rival.

Las Vegas has quietly become a hotbed for innovation. Some of that has been driven by the major casino operators -- Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report, MGM Resorts International (MGM) - Get MGM Resorts International Report, Resorts World Las Vegas, and Wynn Resorts (WYNN) - Get Wynn Resorts Limited Report -- trying to outdo each other to win over customers.

Some innovations are ostentatious and hard to miss, like the MSG (MSGE) - Get Madison Square Garden Entertainment Corp. Class A Report Sphere being built at the Venetian. That first-of-its-kind concert venue looks as if it dropped to Earth from a technologically advanced civilization, and it has raised the bar for performance venues.

Many innovations, however, aren't as obvious. Caesars, for example, uses an artificial intelligence text-based concierge that's surprisingly effective. "Ivy," as it goes by, can answer questions, help with mundane tasks like getting clean towels delivered, or advance your issue to a human where needed.

Innovations big and small are happening up, down, and under the Las Vegas Strip. Elon Musk's Boring Co. has been building a network of tunnels under the city that will eventually use driverless Tesla  (TSLA) - Get Tesla Inc. Report electric vehicles to ferry people all over the city. 

That's a revolutionary idea -- but now a rival has emerged.  

Image source: Daniel Kline/TheStreet

Musk Goes Low, Lyft Goes High?

Musk's Boring Co. has a bold plan for more than 50 stations connecting the Las Vegas Strip to the airport, the Convention Center, Allegiant Stadium, and Fremont Street using driverless Teslas. 

Currently, only a small portion of that network has been built -- a section connecting the two halves of the Las Vegas Convention Center (and one connecting Resorts World Las Vegas to that same location.

For Musk and Boring Co., it's all about taking traffic off the city's busy streets and bringing it underground.

"During typical peak hours, driving from the Las Vegas Convention Center to Mandalay Bay, for example, can take up to 30 minutes. The same trip on Vegas Loop will take approximately 3 minutes," the company says on its website.

If Musk's plan is fully built, it'll effectively give Las Vegas a modern subway, helping alleviate road congestion. It will not, however, stop tourists from using ride-share and taxi cabs.

Now, ride-share company Lyft  (LYFT) - Get Lyft Inc. Report has brought a solution to Sin City that may ultimately help it solve another problem: a shortage of taxi and ride-share drivers. 

Lyft Brings Driverless Cars (Sort of) to Las Vegas

Labor in Las Vegas has been in short supply since the pandemic hit. Some people left the city and others found work outside the service-industry jobs that fuel the Las Vegas economy. At times, that has made the wait for a cab, or a ride-share from Uber (UBER) - Get Uber Technologies Inc. Report and Lyft, longer than usual.

Lyft plans to fix that by partnering with Motional to bring Motional's "Ioniq-5-based robotaxi, an autonomous vehicle designed for fully driverless ride-hail operation, to the Lyft network in Las Vegas," the ride-share company shared in a news release.

The Ioniq 5 is Hyundai's  (HYMTF)  prominent EV. Motional is the Boston joint venture between Hyundai and automotive-technology specialist Aptiv.  (APTV) - Get Aptiv PLC Report

"Launching Motional’s all-electric Ioniq 5 on Lyft’s network in Las Vegas represents tremendous progress in our vision to make an electric, autonomous, and shared future a reality for people everywhere," said  Lyft CEO Logan Green.

An Important Caveat

There is, however, a pretty big catch.

"Each vehicle arrives with not one but two backup drivers standing by to take control of the car should anything go wrong" Casino.org's Corey Levitan reported.

Lyft has promised a truly driverless system at some point in 2023, but current laws and the state of driverless technology make the backups necessary.

Motional and Lyft have quietly been testing driverless vehicles in Las Vegas since 2018. In the news release, Lyft explained how the system works.

"This means riders are able to easily control their ride without assistance from a driver. The enhanced experience includes unlocking the doors through the Lyft app and starting the ride or contacting customer support from the new in-car Lyft AV app, an intuitive in-ride display tailored to autonomous ride-sharing," the company said.

Lyft and Boring Co. are not working together. But if Musk's plan takes vehicles off Las Vegas's streets, the new program makes the experience better for any that remain. 

Ride sharing and taxis will continue to cost significantly more than using Boring Co's subway-like system, so it's easy to see how the two options will work well together.   .

 

  

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