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MagicMed Industries Inc. (CSE: MGIC reserved) (
MagicMed or the
Company ) announced today that it has completed the establishment of the psilocybin-derivatives patent portfolio of the Psybrary
TM and the launch of the Candidate Selection program. The Psybrary
TM is a proprietary physical and knowledgebase collection of novel psychedelic-derivative drug candidates, manufacturing methods, pharmacological data, and patent filings that protect all of the above.
MagicMed s Chief Scientific Officer, Dr. Peter Facchini, stated Our psilocybin-derivatives portfolio, which also captures dimethyltryptamine (DMT) derivatives, now includes 12 filed patent applications directed to 9 different chemical compound categories covering over 125 million individual molecules. While we certainly don t expect to synthesize all of these molecules during the development of new drug candidates, I am pleased to announce that, as of today s launch of the Candidate Selection program, we have alre