Wednesday, October 8, 2025

Latest

MindMed Declares Q2 2021 Financials: US$193.9 Million Total Assets, US$35.6 Million Net Loss

Mind Medicine Inc. (NEO: MMED), more commonly known as MindMed, announced Thursday night its interim financial results for Q2 2021. The biotech company ended the quarter with an incurred net loss of US$35.6 million compared to a loss of US$5.7 million for the same comparable period last year.

The quarter’s net loss translates to US$0.09 per share. A huge slice of the quarterly expenses came from share-based payments amounting to US$21.8 million, a jump from its last year’s figure of US$1.3 million. The increase is mainly due to the stock options issued by the company throughout the period.

The firm increased its cash position during the quarter to end it with a balance of US$157.1 million from US$80.1 million beginning balance. The inflow is impacted by proceeds from the issuance of share capital which amounted to US$81.9 million this quarter.

Total assets landed at US$193.9 million at quarter’s end, US$158.6 of which are current, while current liabilities ended with a balance of US$10.7 million.

In late July 2021, the biotech firm started phase 1 of its clinical trials for intravenous DMT, determining the safety, pharmacokinetics, and pharmacodynamics of the psychedelic substance.

Mind Medicine Inc. last traded at $3.85 on the NEO.


Information for this briefing was found via Sedar and MindMed. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Mind Medicine To Conduct $25.0 Million Bought Deal Financing

Mind Medicine (CEO: MMED) announced that it will be conducting a bought deal financing this...

Friday, October 9, 2020, 09:01:05 AM

MindMed Reveals Favorable Results From Phase 1 Trial Of Drug Candidate For Opioid Withdrawal Treatment

Mind Medicine Inc. (NEO: MMED), more commonly known as MindMed, announced today the topline results...

Thursday, May 19, 2022, 09:29:00 AM

Mind Medicine To Raise Up To $100 Million Via ATM Financing

Mind Medicine (NEO: MMED) last night announced that it will be conducting a financing. The...

Tuesday, May 17, 2022, 04:59:05 PM

MindMed Concludes Phase 1 Clinical Trial Of Psychedelic Derivative Drug For Opioid Use Disorder

Mind Medicine Inc. (NEO: MMED), more commonly known as MindMed, has recently concluded the phase...

Tuesday, January 4, 2022, 10:29:00 AM

Proxy Fight Looms For MindMed Vs. Co-Founder

Mind Medicine’s (NASDAQ: MNMD) filed its preliminary proxy materials on Tuesday with the U.S. Securities and...

Wednesday, April 19, 2023, 09:43:00 AM