MindMed Starts Clinical Trial For Intravenous DMT

Mind Medicine Inc. (NEO: MMED), more commonly known as MindMed, announced today the start of Phase 1 clinical trial on the psychedelic drug DMT. The trial aims to assess the safety, pharmacokinetics, and pharmacodynamics of the psychedelic substance.

The company relayed that the first phase of the clinical trial has already secured all necessary regulatory approvals in Switzerland. The initiative is an investigator-initiated study by Dr. Matthias Liechti as part of MindMed’s ongoing collaboration with the University Hospital of Basel’s Liechti Lab.

MindMed plans to explore the possibility of using the intravenous method in administering DMT to induce a more stable and prolonged experience. This administration method may also “allow greater control of the patient experience by enabling an acute termination of the psychoactive effects of DMT.” The first phase of the trial will involve 30 healthy subjects in a randomized 5-period crossover, double-blind, placebo-controlled design.

“Currently, no study has validly determined the elimination half-life of DMT or other pharmacokinetic parameters and our study will provide valuable information for future research on DMT as a tool to examine alterations of the mind,” said MindMed Executive President Dr. Mimi Halperin Wernli.

The biotech firm is interested in the potential advantages of DMT as a short-acting psychedelic in developing it as a drug candidate. The substance also has a rapid onset and offset compared to the longer-acting psychedelic substances psilocybin and LSD.

Should the first phase be completed successfully, the results will inform the design of the second phase which will include clinical trials involving actual patients.

In May 2021, MindMed also secured the approval for clinical trial plans to evaluate the acute effects of serotonergic hallucinogen mescaline. The trial is also set to transpire at the University Hospital of Basel’s Liechti Lab.

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

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Steadright To Conduct Multi-Phased Exploration At Historic Goundafa Polymetallic Mine

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Related News

20-Year-Old Makes $110 Million From Bed Bath & Beyond Stock.. Next Stop: MindMed

20-year-old Jake Freeman just walked away with around $110 million from selling his 6.21% stake...

Thursday, August 18, 2022, 09:26:36 AM

Canaccord Raises Mind Medicine’s Price Target To $2.00 Following Financing

This morning, Canaccord Genuity raised its 12-month price target on Mind Medicine (NEO: MMED) from...

Monday, November 2, 2020, 10:45:02 AM

Mind Medicine Raises $92.1 Million Via Bought Deal Financing

Mind Medicine (NEO: MMED) has closed its previously announced bought deal financing, raising nearly double...

Thursday, January 7, 2021, 09:31:54 AM

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...

Friday, August 13, 2021, 09:08:00 AM

MindMed Signs Collaboration Agreement with Swiss Psychedelic Research Lab

Mind Medicine Inc (NEO: MMED) has entered into an exclusive collaboration with Professor Dr. Liechti’s...

Wednesday, April 1, 2020, 11:55:12 PM