Smart Devices Solidify the Critical Need for Community Participation in Generating Big Data and Formulating Cannabis
Therapeutics
SAN DIEGO, CA / ACCESSWIRE / April 7, 2017 / MyDx, Inc. (OTCQB: MYDX), a science and technology company and creator of MyDx® (My
Diagnostic), the first multi-use handheld chemical analyzer designed for the Cannabis professional and retail consumer to correlate
the chemical profile of cannabis with how it makes consumers feel and what it helps them relieve, today announced its continued
advancement of its crowdsourced database and how the MyDx community is playing an instrumental role in helping medical cannabis
patients find relief by identifying the right chemical formulation for their specific needs.
Smart Devices Power Preclinical Crowdsourced Data
Since cannabis remains a Schedule I Controlled Substance, researchers have been unable to administer the drug to large numbers
of patients to better understand it's clinical efficacy. While some companies have started small-scale clinical trials for certain
ailments, there's a growing need for a larger-scale source of consumer driven data that can support public safety, increase
transparency, expand the drug discovery pipeline, and improve the ability for researchers and patients to find the right chemical
profiles for their individual needs.
"This reminds me of my days at Pfizer where we were looking for new ways to create Active Pharmaceutical Ingredients in a more
organic fashion," stated Daniel Yazbeck, Chief Executive Officer of MyDx. "The 400+ chemicals found in cannabis will offer
researchers access to a new class of 'green Active Pharmaceutical IngredientsTM,' or what I'd like to refer to as 'gAPITM,' that
can arguably treat disease and help people improve their lives. The value proposition is very clear."
MyDx Cannabis Analyzer
Predicts Therapeutic Effect based on a Sample's Tested Chemical Profile
MyDx launched one of its first smart devices, the world's first handheld cannabis chemical analyzer, back in late 2015. Since
the launch, the community has submitted over 40,000 unique data points that will assist in identifying which chemical profiles are
treating various ailments and what side effects they are generating. MyDx is now actively analyzing this data and is looking for
very specific cannabinoid and terpene ratio that can be used in formulations that help relieve the most commonly tracked ailment by
the community. In the near future, the company plans to share select relevant datasets surrounding the top diseases that people are
finding relief for using cannabis, as well as the integrity of specific strains or brands they are identified by.
"The ability to gather therapeutic data on a worldwide scale by tracking what people are consuming based on a chemical profile
and what ailment it is helping them relieve is a benchmark that I believe will become a gold standard that will change the way we
study and formulate drugs in the future," stated Daniel Yazbeck. "As important, this process allows us tap into the basic human
instinct of each member of the community to help one another by sharing their experience and results to support a drug development
process that will ultimately help treat disease and improve people's lives."
To learn more about the MyDx analyzer and the company's vision, please see recent documentary by HBO's Vice News here:
https://video.vice.com/en_us/video/this-app-will-test-whats-in-your-weed/58adc7f3f74cd17013a4999e.
About MyDx, Inc.
MyDx, Inc. (OTCQB: MYDX) is a chemical detection and sensor technology company based in San Diego, California whose mission is
to help people Trust & Verify® what they put into their minds and bodies. The Company developed MyDx®, a patented, affordable
portable analyzer that provides real-time chemical analysis and fits in the palm of the user's hand. The multi-use MyDx analyzer
leverages over a decade of established chemical detection technology to measure chemicals of interest. The Company owns a
substantial and growing intellectual property portfolio of patents covering its technology. The MyDx AquaDx®, OrganaDx(TM) and
CannaDx(TM) sensors are now commercialized, and the AeroDx® application is next in line. All sensors will be compatible with a MyDx
App that empowers consumers to live a healthier life by revealing the chemical composition of what they eat, drink and inhale. For
more information, please visit www.cdxlife.com.
Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the Securities Act of 1933,
as amended, and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements may contain certain forward-looking
statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating
to future operations and results. Any statements in this press release that are not statements of historical fact may be considered
to be forward-looking statements. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal,"
"objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These forward-looking
statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including but not
limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new
products, our ability to complete our product testing and launch our product commercially, the acceptance of our product in the
marketplace, the uncertainty of the laws and regulations relating to cannabis, the impact of competitive products or pricing,
technological changes, the effect of economic conditions and other uncertainties detailed from time to time in our reports filed
with the Securities and Exchange Commission, available at http://ir.cdxlife.com/all-sec-filings or www.sec.gov.
Investor Contact:
MyDx Shareholder Communications 800.814.4550 ext. 4 ir@cdxlife.com
SOURCE: MyDx, Inc.
