Wuhan Enters Mushroom Psychedelic Medicine Market
April 05 2019 - 12:44PM
InvestorsHub NewsWire
WUHAN ENTERS
MUSHROOM PSYCHEDELIC MEDICINE MARKET
Barcelona, Spain
-- April 5, 2019 -- InvestorsHub NewsWire -- Wuhan General Group
(China), Inc. (OTC
PINK: WUHN) (the "Company" and
"Wuhan"), announced today that its subsidiary MJ MedTech, Inc. (MJ
MedTech) has created a new division dedicated to exploring
opportunities in the psychedelic medicine space. The new
division,
M2BIO
will be headed up
by Wuhan's CMO, Dr. Anna Morera Lorelta.
According to Dr.
Anna, psychedelic medicine is
experiencing a remarkable revival in the wake of recent research
studies and positive findings from great institutions, such
as Johns Hopkins. Researchers are having great success in treating
depression, post-traumatic
stress disorder
(PTSD), anxiety and certain addictions with Psilocybin, the active
naturally
occurring psychedelic pro-drug compound produced by
specific mushrooms, known as
"magic mushrooms".
Psilocybin therapy is a medical
practice in which psilocybin, a psychoactive medicine, is
administered to a patient during a session supported by a
therapist. A psychoactive medicine is one that affects brain
function and results in a change in cognition, perception or
behavior.
''Psilocybin has
become a very promising candidate for future treatments for anxiety
and depression because it appears to disrupt the sorts of engrained
brain activity patterns that are the hallmark of those
diseases.'' Said Dr. Anna.
"Just like it took time for the
regulators to get behind marijuana, we believe the same will happen
with "magic mushrooms"
in due course. We
want to be far ahead of the curve and become pioneers in the
market, collaborating with legislative bodies to help find
better and
healthier solutions" added MJ MedTech CEO, Jeff Robinson.
The new
division,
M2BIO
aims to develop
new therapies that will help patients who suffer from mental
illness and ease the burden on healthcare systems globally. This
division will be exploring additional
indications for psilocybin,
with the goal of bringing new therapies to market in the years to
come.
About Wuhan General Group (China), Inc.
Wuhan General
Group (China), Inc. through its wholly-owned subsidiary MJ MedTech
is a nutraceutical biotechnology company that owns, develops and
commercializes a range of CBD-based products. At Wuhan, our mission
is to advance CBD-based medicine to the forefront by
deploying best practice science and medicine, clinical research and
emerging technologies.
For further information contact:
Publicly
traded company (OTC
Pink: WUHN)
Website:
www.wuhn.org
Public
Relations E-mail: info@wuhn.org
Forward-Looking Statements:
Safe Harbour Statement - In addition to historical information,
this press release may contain statements that constitute
forward-looking statements within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements contained in this press release include
the intent, belief, or expectations of the Company and members of
its management team with respect to the Company's future business
operations and the assumptions upon which such statements
are based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future
performance, and involve risks and uncertainties and that actual
results may differ materially from those contemplated by
such forward-looking statements. Factors that could cause these
differences include, but are not limited to, failure to complete
anticipated sales under negotiations, lack of revenue growth,
client discontinuances, failure to realize improvements in
performance, efficiency and profitability, and adverse developments
with respect to litigation or increased litigation costs, the
operation or performance of the Company's business units or the
market price of its common stock. Additional factors that
could cause actual results to differ materially from those
contemplated within this press release can also be found on the
Company's website. The Company disclaims any responsibility to
update any forward-looking statements.
Source: Wuhan General Group (China), Inc.
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