It is reported to increase endurance, though at a quick google search there is a debate as to whether or not this is true. It is not FDA approved in the US and is used to treat angina among other things in Russia
Forbes reported that anesthesiology professor Michael Joyner, at the Mayo Clinic in Rochester, Minnesota, who studies how humans respond to physical and mental stress during exercise and other activities, told them that "Evidence is lacking for many compounds believed to enhance athletic performance. It's use has a sort of urban legend element and there is not much out there that is clearly that effective. I would be shocked if this stuff (meldonium) had an effect greater than caffeine or creatinine (a natural substance that, when taken as a supplement, is thought to enhance muscle mass).”[70] Ford Vox, a U.S.-based physician specializing in rehabilitation medicine and a journalist reported "there's not much scientific support for its use as an athletic enhancer".[71]
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Rumour: Russian U18 Hockey Team May Skip Worlds Due to Positive Meldonium Tests
