The R&D projectwith Yissum Research Development Company will contribute to Clearmind’s IPportfolio
TORONTO,September 21, 2021 -- Clearmind Medicine Inc. (CSE: CMND) (“Clearmind”or the "Company"), a psychedelic medicine biotech companyfocused on the discovery and development of novel psychedelic-derivedtherapeutics to solve widespread and undertreated health problems, is pleased toannounce it has established a research and development project with YissumResearch Development Company (“Yissum”), the technology transfer companyof The Hebrew University of Jerusalem. The collaboration will focus ondeveloping novel, innovative, patentable psychedelics as potential drugcandidates to expand Clearmind’s IP portfolio.
Yissumis known for its ability to discover, analyze and design advanced molecularscaffolds to serve as common platforms for synthesizing various structurallyrelated compounds as potential therapeutic agents and drug candidates.
Accordingto the terms of the agreement, The Hebrew University researchers, professorsDmitry Tsvelikhovsky, Masha Niv and Avi Priel, will work together toinvestigate and innovate synthetic novel analogs of known psychedeliccompounds, conduct in silico 3D docking studies and rational design, and screenthe compounds in an in vitro platform.
AdiZuloff-Shani, Ph.D., CEO of Clearmind, commented on the announcement, “This isan important partnership for Clearmind. The academic/technology transfer modelis responsible for many medical breakthroughs, and the Hebrew University-Yissumpartnership is one of the most prolific in the field. I am certain that ourcollaboration will yield many potential candidates for further evaluation.”
“Yissumis looking forward to collaborating with Clearmind in its mission to discover novelpsychedelic compounds. We have assigned our top researchers from multiplefields to this project, and I am confident their broad expertise and know-how willfacilitate Clearmind’s ability to expand their pipeline portfolio,”said Dr. Ilya Pittel, VP of business development at Yissum Research DevelopmentCompany.
ProfessorTsvelihovsky added, “Professors Avi Priel and Masha Niv and I are excited towork with the team at Clearmind to create unique synthetic compounds for thedevelopment of novel GPCR-focused therapeutics. We believe psychedelics aregoing to revolutionize the treatment of mental health, and Clearmind's plansput it on the leading edge of innovation in the field. We are quite optimisticthat our efforts will lead to new psychotherapy drug candidates.”
About Yissum Research Development Company
Yissumis the technology transfer company of The Hebrew University of Jerusalem.Founded in 1964, it serves as a bridge between cutting-edge academic researchand a global community of entrepreneurs, investors and industry. Yissum’smission is to benefit society by converting extraordinary innovations andtransformational technologies into commercial solutions that address our mosturgent global challenges. Yissum has registered over 10,875 patents globally,licensed over 1,140 technologies and has spun out more than 191 companies.Yissum’s business partners span the globe and include companies such as BostonScientific, Google, ICL, Intel, Johnson & Johnson, Merck, Microsoft,Novartis and many more. For further information, please visit www.yissum.co.il.
About the Hebrew University of Jerusalem
TheHebrew University of Jerusalem is Israel's first university, formed in 1918 andopened in 1925. Today, there are over 23,000 students enrolled at the university,including undergraduates, master's degree students and doctoral candidates. Theuniversity has four campuses: Mount Scopus, The Edmond J. Safra (Givat Ram)Campus, and Ein Kerem, all in Jerusalem, and Robert H. Smith Faculty ofAgriculture, Food and the Environment, located in Rehovot. Hebrew UniversityAlumni are invited to visit https://new.huji.ac.il.
AboutClearmind Medicine Inc.
Clearmindis a psychedelic pharmaceutical biotech company focused on the discovery anddevelopment of novel psychedelic-derived therapeutics to solve widespread and underservedhealth problems, including alcohol use disorder. Its primary objective is to researchand develop psychedelic-based compounds and attempt to commercialize them asregulated medicines, foods or supplements.
TheCompany’s intellectual portfolio currently consists of two patent families. Thefirst, "Binge Behavior Regulators," has been granted in the U.S.,Europe, China and India, with pending divisional applications in Europe and theU.S. The second, “Alcohol Beverage Substitute,” has been approved for aEuropean patent, with pending applications in the U.S., China and India. TheCompany intends to seek additional patents for its compounds whenever warrantedand will remain opportunistic regarding the acquisition of additional intellectualproperty to build its portfolio.
Sharesof Clearmind are listed for trading on the Canadian Securities Exchange underthe symbol "CMND" and the Frankfurt Stock Exchange under thesymbol “CWYO.”
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Telephone: (778) 400-5347
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