Awakened's Chief Researcher, Dr.
'Now Core One Labs is not only able to produce API grade psilocybin, but it has achieved a significant breakthrough towards producing cost effective API grade DMT. This has been something we have been working on for quite some time now with our team of scientists at Awakened, and the success of this procedure moves
With scientific evidence amounting and supporting DMT's medicinal benefits as a rapid-acting and long-lasting antidepressant, numerous biotechnology and pharmaceutical companies have turned a great deal of attention towards furthering research and development of effective DMT-based therapies and the production of API-grade DMT drug formulations. As demand increases for viable DMT-based medicine, companies are rushing to capitalize on the psychedelic industry's promising outlook. Awakened's successful production of a DMT precursor that could effectively be converted into API DMT positions
In addition to Awakened,
It is estimated that 15 million people worldwide suffer a stroke each year, with approximately 5 million dying and another 5 million being permanently disabled as a result.[1] The statistics for Parkinson's disease, are also staggering, with global, disability and death due to PD increasing faster than for any other neurological disorder. The prevalence of PD has doubled in the past 25 years. Global estimates in 2019 showed over 8.5 million individuals with PD. Current estimates suggest that, in 2019, PD resulted in 5.8 million disability-adjusted life years, an increase of 81% since 2000, and caused 329 000 deaths, an increase of over 100% since 2000. [2]
The studies being conducted on Akome's DMT-based drug formulations have presented very promising results to date, and a viable, cost effective DMP API product produced by Awakened, would afford Akome to incorporate the Company's proprietary psychedelic compounds into furthering progress of its pre-clinical drug development studies, and capitalize on a reduction in research costs.
About N, N-dimethyltryptamine (DMT)
DMT is a naturally occurring psychedelic substance found in plants and in the brain of mammals. The compound is a primary component of traditional South American entheogenic brews and is traditionally derived from the leaves of a variety of plants endemic to equatorial regions across the globe. DMT is currently under clinical investigation for the treatment of certain mood disorders and in patients with Major Depressive Disorder (MDD).
About
The Company has a multi-faceted business approach and incorporates several complementary lines of businesses and units in establishing itself as an industry leader in the rapidly growing and emerging psychedelics market space.
In addition to the development of psychedelics and psychedelic compounds,
Contact:
Tel: 1-866-347-5058
Email: info@core1labs.com
Cautionary Disclaimer Statement
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to the Company's limited operating history and the need to comply with strict regulatory regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
In addition, psilocybin is currently a Schedule III drug under the Controlled Drugs and Substances Act (
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