LSD, Ecstasy Lure Traders Betting on ‘Psychedelic Renaissance' [BNN Bloomberg (Canada)]
Mind Medicine (MindMed) Inc. - Common Shares (MNMD)
Company Research
Source: BNN Bloomberg
And year after year it's been, by-and-large, a losing bet. Now, three months into 2024, investors are once again piling in. Shares of Mind Medicine Inc., or MindMed, have more than doubled this year, while GH Research Plc's stock price has surged by roughly 85%. Billionaire-backed Atai Life Sciences NV has climbed more than 25%. It's easy to dismiss the gains as another false dawn in a sector that's had plenty of them. Yet some of the $15 billion market's most ardent observers say this time could really be different. For one, MindMed's LSD-based treatment for anxiety became just the third drug in the psychedelic space to secure a so-called breakthrough designation from the US Food and Drug Administration — a status meant to expedite development. What's more, this August the agency is expected to announce a landmark decision on what could be the first FDA-approved psychedelic therapy, a treatment for post-traumatic stress disorder based on MDMA, better known as ecstasy. That
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MNMD
News
- MindMed to Present at Upcoming May Medical ConferencesBusiness Wire
- This Small-Cap Stock Is Up 140% This Year and Here's Why It Can Go Even Higher [Yahoo! Finance]Yahoo! Finance
- Jim Cramer Slams Political Blocking Of 'LSD-Derived Antidepressants,' Citing Strong Test Data 'Showing They Worked' [Yahoo! Finance]Yahoo! Finance
- Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) had its "outperform" rating re-affirmed by analysts at Leerink Partnrs.MarketBeat
- Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) is now covered by analysts at SVB Leerink LLC. They set an "outperform" rating and a $20.00 price target on the stock.MarketBeat
MNMD
Earnings
- 11/2/23 - Beat
MNMD
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- MNMD's page on the SEC website