Saturday, May 31, 2025

Latest

MindMed Sees Positive Results For Its LSD Treatment For Anxiety Disorders Published In Peer-Reviewed Journal

Mind Medicine Inc. (NEO: MMED), more commonly known as MindMed, announced on Thursday that the previously released positive topline data related to its clinical trial evaluating lysergic acid diethylamide (LSD) in the treatment of anxiety disorders has been published in a peer-reviewed scientific journal Biological Psychiatry.

“This paper further reinforces the positive preliminary evidence for LSD in patients who suffer from anxiety disorders,” said CEO Rob Barrow. “These results are encouraging and supportive of our proprietary MM-120 product candidate in its potential to one day offer a therapeutic benefit for patients suffering from GAD [Generalized Anxiety Disorder] after just a single-dose administration.”

The positive results of the trial were first released in May 2022, presented by the biotech firm’s collaborators Prof. Matthias Liechti and Dr. Friederike Holze at University Hospital Basel in London’s PSYCH Symposium.

Topline data showed a 65% clinical response in subjects treated with LSD while there’s only 9% clinical response in the placebo subjects. Further, effects were optimal after 2 weeks and were sustained up to 16 weeks.

Barrow added that phase 2b trial for MM-120 is ongoing and the firm believes the drug candidate “has a highly attractive commercial opportunity given its potential benefits for GAD patients.”

The firm’s share price has been gradually declining, falling 61% year-to-date on the Nasdaq. After trading consistently under the US$1.00 minimum bid requirement by the exchange, the firm finally completed the proposed 15-to-1 reverse split on August 29.

Mind Medicine Inc. last traded at $12.10 on the NEO.


Information for this briefing was found via Sedar and the companies mentioned. 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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Mind Medicine Sees FDA Place Clinical Hold On Phase 2b Study

Mind Medicine (NEO: MMED) this morning indicated that things are not going quite to plan...

Tuesday, December 21, 2021, 08:22:51 AM

MindMed Launches Psychedelic-Based Pain Treatment Project

Mind Medicine Inc. (NEO: MMED), also known as MindMed, announced today that it has launched...

Wednesday, May 5, 2021, 09:44:00 AM

MindMed Closes $34.5 Million Financing, Cash Reserves Said To Be At $85 Million

Mind Medicine (NEO: MMED) has completed its previously announced bought deal private placement, raising gross...

Friday, December 11, 2020, 09:15:15 AM

Shroom Progress! MindMed Advances Towards a Phase 2 LSD Microdosing Trial For Adult ADHD

Aftermarket MindMed (NEO:MMED) announced they entered into a clinical trial agreement with Maastricht University to...

Monday, May 11, 2020, 10:29:04 PM

MindMed Launches Clinical Trial Focused On Combining LSD With MDMA

Mind Medicine (NEO: MMED) has begun the first clinical trials focused on combining MDMA and...

Wednesday, January 20, 2021, 08:09:53 AM