It’s becoming increasingly clear that there’s a critical lack of safe, effective, proven and widely available treatment options for opioid addiction. Therapy and 12-step programs can help some people, but they’re just not enough for many patients who struggle with opioid addiction today.
The petition also called for a wider range of treatment modalities for trauma, anxiety and depression. Again, this is a widespread problem in North America: according to the National Institute of Mental Health, about 17.3 million adults in the United States have experienced at least one depressive episode. That number represents 7.1% of all U.S. adults.
With conventional treatments unable to address these issues adequately for millions of patients, the call for legal reform is louder than ever. In the U.S., the world witnessed major milestones with the 2019 FDA approval of esketamine (a potent form of the dissociative drug ketamine) for treatment-resistant depression, along with Oakland’s decriminalization of psilocybin mushrooms.
Canada took the lead in 2020 with a slew of reforms. For instance, in British Columbia a patient was recently documented as the first Canadian patient to receive an exemption from the Controlled Drug and Substances Act and legally receive psilocybin (a.k.a. “magic mushroom”) therapy.
In August, Canada’s Health Minister Patty Hajdu granted permission for four terminally ill Canadians to consume psychedelic drugs. With this, big-money investors started calling psychedelic medicines the next billion-dollar business – and they’re 100% right about that.
Moreover, in December the Canadian Health Minister announced that health care professionals in Canada will be permitted to possess and consume psilocybin mushrooms in order to better treat the growing number of patients now permitted to use the psychedelic drug.
For Entheon (CAD: ENBI & US: ENTBF), solid science will inevitably lead to the achievement of these goals. Mr. Ko explains that Entheon’s approach is to take the psychedelics-focused research that has been gleaned over decades, apply this knowledge to current scientific studies, compile the data, and present it to regulators to show that DMT has a very strong safety and efficacy profile.
As you can see, Entheon has a clearly marked timeline that culminates in the objective of getting the company’s treatments approved by the FDA. Clearing regulatory scrutiny will open doors for the company and its stakeholders, as well as for the vast numbers of patients in need of better treatment avenues than what’s currently available.
Of course, Mr. Ko acknowledges that in order to bring the company’s products to market, Entheon can’t rely exclusively on passion or intent. To achieve its objectives, Timothy has assembled a truly world-class scientific advisory and management team made up of experts in psychedelics science as well as veterans of traditional pharmaceutical drug discovery and those with capital market expertise.
Thus, Mr. Ko has populated Entheon’s advisory committee with a variety of pharmaceutical industry veterans who have developed a number of drugs through the clinical trial process. Also on Entheon’s scientific advisory team are researchers from renowned medical research organizations, including Johns Hopkins University and the Imperial College, London.
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The Company’s publications often pertain to gold and mining stocks, which discuss a direct relationship between the price of gold or silver and the stock price of a gold or silver mining stock. We discuss with respect to various issuers that there is a relationship between the price of gold or silver to the stock price of a gold or silver mining stock, i.e. that the higher the price of gold or silver, the higher the price of the stock. You should use extreme caution in adopting any such conclusions, because such statements do not account for any of the following factors:
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accordingly, you should proceed with such investigation to determine, among other things, information pertaining to the issuer’s financial condition, operations, business model, and risks involved in the issuer’s business; (i) the issuers we profile may have negative signs on the otcmarkets.com website (i.e. Stop Sign, No Information, Limited Information, Caveat Emptor), which you should determine from entering the symbol of the stock profiled into the otcmarkets.com website; (j) you should determine whether the issuer we profile or provide information about is a development stage company, which is subject to the risks of a development stage company in a similar such business, including difficulties in obtaining financing for operations and future growth; (k) because we only present positive information regarding an issuer, ; you should conduct an in-depth investigation of any possible negative factors regarding such issuer; (l) our information is “as is” and you your use of the information is at your own risk and such information may change at any time and it is not based upon any verification or due diligence of the statements made; (m) we state that profiled stocks are consistent with future economic trends; however, future economic trends or analysis has its own limitations, including: (i) due to the complexity of economic analysis as well as the individual financial and operational characteristics of an individual issuer, such economic trends or predictions may amount to nothing more than speculation; (ii) consumers, producers, investors, borrowers, lenders and government may react in unforeseen ways and be affected by behavioral biases; (iii) human and social factors may outweigh future economic trends and predictions that we state may or will occur; (iv) clear cut economic predictions have their limitations in that they do not account for the fundamental uncertainty in economic life, as well as ordinary life; (v) economic trends may be disrupted by sudden jumps, disruptions or other factors that are not accounted for in such economic trends analysis; in other words, past or present data predicting future economic trends may become irrelevant in light of fully new circumstances and situations in which uncertainty becomes reality rather than of predictive economic quality; (vi) if the trends involves a single result, it ignores all other scenarios that may be crucial to make a decision in the event of various contingencies; (n) the information we disseminate about issuers contain forward looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, projections as indicated by such words as “expects”, “will”, “anticipates”, “estimates; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation into any such forward looking statements; (o) forward looking statements are limited to the time period in which they are made and we do not undertake to update forward looking statements that may change at any time; and (p) we make statements in our profiles that an issuer’s stock price has increased over a certain period of time; however, these statements only reflects an arbitrary period of time, and is of little or no predictive or analytical quality.
On Sept 30th, 2020, in connection with our agreement with Entheon Biomedical Corp, we received $250,000USD to Gold Standard Media LLC. This was for a 4 month agreement. Wallace Hill Partners LTD on September 26, 2020 purchased 750,000 common shares at CAD0.10.