MMED.NE - Mind Medicine (MindMed) Inc.

NEO - NEO Real Time Price. Currency in CAD

0.4450

-0.0050 (-1.11%)

At close: 3:59PM EDT

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Performance Outlook

Short Term
2W - 6W
Mid Term
6W - 9M
Long Term
9M+

Previous Close	0.4500
Open	0.4700
Bid	0.4400 x N/A
Ask	0.4450 x N/A
Day's Range	0.4400 - 0.4700
52 Week Range	0.2400 - 0.9900
Volume	603,552
Avg. Volume	1,456,665

Market Cap	87.94M
Beta (5Y Monthly)	N/A
PE Ratio (TTM)	N/A
EPS (TTM)	-0.0900
Earnings Date	May 14, 2020
Forward Dividend & Yield	N/A (N/A)
Ex-Dividend Date	N/A
1y Target Est	N/A

Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.

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MarketWatch
After his latest firing, this cannabis entrepreneur raised $150 million for a hemp venture — during a pandemic
After being fired from his last two jobs, Canadian entrepreneur Bruce Linton is back with a new venture and a new goal: to disrupt the industrial supply chain.
PR Newswire
MindMed Building Diverse Pipeline and Leadership Position in Psychedelic Inspired Medicines Industry
MindMed, the leading neuro-pharmaceutical company for psychedelic inspired medicines is rapidly advancing its drug development pipeline and R&D; activities since its listing on March 3, 2020.
PR Newswire
MindMed Developing IP For Personalized Psychedelic Assisted Therapies
Mind Medicine (MindMed) Inc. (NEO: MMED OTCQB: MMEDF), the leading neuro-pharmaceutical company for psychedelic inspired medicines, is developing technologies and analytics that seek to personalize psychedelic therapy experiences for a specific patient. The technology aims to optimize the dosing of MDMA, LSD and other psychedelics based on a patient's profile. The R&D; is taking place in collaboration with the University Hospital Basel's Liechti Lab, the leading research center focused on the pharmacology of psychedelic substances.
CNW Group
MindMed To Evaluate Ayahuasca's Active Ingredient DMT In Phase 1 Clinical Trial Collaboration
BASEL, Switzerland , June 18, 2020 /CNW/ -- MindMed will now pursue N,N-Dimethyltryptamine (DMT), the principally active ingredient in Ayahuasca, as part of its R&D collaboration with the University Hospital Basel's Liechti Lab. MindMed is providing startup funding for a Phase 1 clinical trial testing various intravenous dosing regimens of DMT, expected to begin in Q4 of 2020. DMT is a naturally-occurring psychedelic substance and is the active ingredient used in Ayahuasca ceremonies by indigenous Amazonian shamanic practitioners.
CNW Group
Phase 2 Clinical Trial of LSD for "Suicide Headaches" Begins Treating Patients
BASEL, Switzerland , June 8, 2020 /CNW/ -- Mind Medicine (MindMed) Inc. (NEO: MMED OTCQB: MMEDF), is supporting and collaborating on a Phase 2 clinical trial evaluating LSD for the treatment of cluster headaches at University Hospital Basel's Liechti Lab. The Phase 2 trial began recruiting patients in early January and has commenced treating patients with LSD.
CNW Group
MindMed Launches Project Lucy Focused on LSD Experiential Therapy For Anxiety Disorders
NEW YORK , June 4, 2020 /CNW/ -- Mind Medicine (MindMed) Inc. (NEO: MMED OTCQB: MMEDF), the leading neuro-pharmaceutical company for psychedelic inspired medicines, has officially launched Project Lucy, a commercial drug development program for the treatment of anxiety disorders. The company intends to initiate a Phase 2b human efficacy trial that will focus on experiential doses of LSD, administered by a therapist. This is the first experiential, psychedelic-assisted therapy to be added to the company's drug development pipeline.
CNW Group
MindMed's Microdosing Division Further Expands Phase 2 Clinical Trial of Microdosing LSD For Adult ADHD
BASEL, Switzerland , June 2, 2020 /CNW/ -- Mind Medicine (MindMed) Inc. (NEO: MMED OTCQB: MMEDF) is expanding its Phase 2a clinical trial of LSD microdosing for Adult ADHD. MindMed is the leading neuro-pharmaceutical company for psychedelic inspired medicines and as part of its expanding slate of research and clinical trials, will add an additional clinical trial site and Principal Investigator at the University Hospital Basel in Basel, Switzerland , the birthplace of LSD for its Phase 2a clinical trial of LSD microdosing.
PR Newswire
MindMed Adds MDMA to Develop Next-Gen Psychedelic Therapies
Mind Medicine (MindMed) Inc. (NEO: MMED OTCQB: MMEDF), the leading neuro-pharmaceutical company for psychedelic inspired medicines, is now adding the psychedelic compound MDMA to its R&D; pipeline.
CNW Group
MindMed Closes Upsized Financing of $13.2m to Advance UHB Liechti Lab Collaboration for Next-Gen Psychedelic Inspired Medicines
TORONTO , May 26, 2020 /PRNewswire/ -- Mind Medicine (MindMed) Inc. (NEO: MMED, OTCQB: MMEDF) ("MindMed" or the "Company") is pleased to announce that it has closed its previously announced bought deal short form prospectus offering, including the exercise in full of the underwriter's over-allotment option (the "Offering"). In connection with the Offering, the Company issued 24,953,850 units of the Company (the "Units") at a price per Unit of $0.53 CAD (the "Issue Price") for gross proceeds of $13,225,540.50 . Eight Capital acted as sole bookrunner and underwriter in the Offering.
CNW Group
MindMed Reports First Quarter 2020 Results and Corporate Update
TORONTO , May 14, 2020 /CNW/ -- Mind Medicine (MindMed) Inc. ("MindMed" or the "Company") (NEO: MMED, OTCQB: MMEDF), the leading neuro-pharmaceutical company for psychedelic inspired medicines, today announced the release of its unaudited condensed consolidated financial statements (the "Financial Statements") and accompanying management's discussion and analysis (the "MD&A") for the quarter ended March 31, 2020 . Mind Medicine, Inc. completed its reverse takeover transaction of the Company (then called Broadway Gold Mining Ltd.) by way of a plan of arrangement under the Business Corporations Act ( British Columbia ) (the "Arrangement") pursuant to the terms of an arrangement agreement entered into on October 15, 2019 (the "Arrangement Agreement") between Broadway Gold Mining Ltd., Madison Metals Inc., Broadway Delaware Subco Inc. and the Company.
CNW Group
MindMed Advances Phase 2 LSD Microdosing Trial For Adult ADHD, Appoints Principal Investigator
TORONTO , May 12, 2020 /PRNewswire/ -- Mind Medicine (MindMed) Inc. (NEO: MMED; OTC: MMEDF) ("MindMed" or the "Company") is pleased to announce that, on May 8, 2020 , it has entered into a clinical trial agreement with Maastricht University to undertake a Phase 2a clinical trial for lysergic acid diethylamide ("LSD") in adult patients with Attention Deficit Hyperactivity Disorder ("ADHD"). MindMed previously established a microdosing division to develop a portfolio of clinical trials studying the use of sub-perceptual amounts of psychedelic substances for medical purposes.
CNW Group
MindMed Files Preliminary Prospectus In Connection With Bought Deal Equity Financing
TORONTO , May 11, 2020 /PRNewswire/ -- Mind Medicine (MindMed) Inc. (NEO: MMED, OTCQB: MMEDF) ("MindMed" or the "Company") is pleased to announce that further to its previously announced offering (the "Offering") on May 5, 2020 and May 6, 2020 , it has filed a preliminary short form prospectus (the "Preliminary Prospectus") with the securities commissions or similar authorities in each province of Canada , other than Québec. Pursuant to the underwriting agreement with Eight Capital (the "Underwriter"), the Underwriter has agreed to purchase, as sole bookrunner and underwriter, 21,699,000 units of the Company (the "Units"), on a "bought deal" basis, at a price per Unit of $0.53 CAD (the "Issue Price") for gross proceeds of $11,500,470 .
CNW Group
Psychedelic Pharmaceutical Company MindMed Develops LSD Neutralizer Technology To Shorten and Stop LSD Trips
NEW YORK , April 22, 2020 /CNW/ -- Mind Medicine (MindMed) Inc. (MMED.NE) (MMEDF), in collaboration with University Hospital Basel's Liechti Laboratory, has discovered and filed a patent application in the United States (preserving all worldwide rights) for a neutralizer technology intended to shorten and stop the effects of an LSD trip during a therapy session. This discovery, when further developed, may act as the 'off-switch' to an LSD trip.
CNW Group
MindMed Promotes Jeanne Bonelle to Executive Vice President, Technical Operations
NEW YORK , April 20, 2020 /CNW/ -- Mind Medicine (MindMed), Inc. (NEO: MMED; OTCQB: MMEDF), the leading psychedelic pharmaceutical company, today announced the promotion of pharmaceutical industry veteran Jeanne Bonelle to Executive Vice President of Technical Operations. Ms. Bonelle is overseeing the company's drug quality, drug manufacturing and regulatory processes.
CNW Group
REPEAT: MindMed Initiates Dosing in Human Safety Study of Novel Treatment for Opioid Addiction, 18-MC
NEW YORK , April 17, 2020 /CNW/ -- Mind Medicine (MindMed) Inc. (MMED.NE)(MMEDF), the leading psychedelic pharmaceutical company, has begun dosing the first subject in an additional Phase 1 human safety trial of 18-MC. MindMed is developing 18-MC as a potential treatment for opioid withdrawal and opioid use disorder. Data from the current human study is expected to help advance the planning and design of MindMed's future trials of 18-MC in opioid use disorder patients.
PR Newswire
MindMed Announces U.S. Trading on the OTCQB Venture Market Under Symbol MMEDF
Mind Medicine (MindMed) Inc. (NEO: MMED; OTCQB: MMEDF) (the "Company" or "MindMed"), the leading psychedelic pharmaceutical company, is pleased to announce that the Company has graduated from the OTC Pink Open Market to the OTCQB Venture Market ("OTCQB"). MindMed's subordinate voting shares will commence trading on the OTCQB in the United States at the open of market on April 17, 2020 under the symbol "MMEDF". The Company's subordinate voting shares will continue to trade in Canada on the NEO Exchange under the symbol "MMED" and the quotation board of the Frankfurt Stock Exchange under the symbol "BGHM".
CNW Group
MindMed Initiates Dosing in Human Safety Study of Novel Treatment for Opioid Addiction, 18-MC
NEW YORK , April 16, 2020 /CNW/ -- Mind Medicine (MindMed) Inc. (MMED.NE)(MMEDF), the leading psychedelic pharmaceutical company, has begun dosing the first subject in an additional Phase 1 human safety trial of 18-MC. MindMed is developing 18-MC as a potential treatment for opioid withdrawal and opioid use disorder. Data from the current human study is expected to help advance the planning and design of MindMed's future trials of 18-MC in opioid use disorder patients.
PR Newswire
MindMed Acquires Exclusive License to Eight Clinical Trials of LSD, Partners with World-Leading Psychedelic Research Laboratory at University Hospital Basel
Mind Medicine (MindMed) Inc. (NEO: MMED OTC: MMEDF), the leading neuro-pharmaceutical company for psychedelic inspired medicines, today announced the signing of a multi-year, branch exclusive collaboration with the laboratory of Professor Dr. Matthias Liechti, the world-leading psychedelics pharmacology and clinical research group at University Hospital Basel in Switzerland.
CNW Group
MindMed Reports Year-end Results and Corporate Update
NEW YORK , March 30, 2020 /CNW/ -- Mind Medicine (MindMed) Inc. (NEO: MMED OTC: MMEDF), the leading neuro-pharmaceutical company for psychedelic inspired medicines, today announced the release of its audited consolidated financial statements (the "Financial Statements") and accompanying management's discussion and analysis (the "MD&A") for the period from May 30, 2019 , date of incorporation, to December 31, 2019 (the "period ended December 31, 2019 "). For readers of the Financial Statements and MD&A, it is important to note that on February 27, 2020 , Mind Medicine, Inc. ("MindMed Delaware"), a private Delaware corporation and now a wholly-owned subsidiary of MindMed, completed a reverse takeover transaction with Broadway Gold Mining Ltd. ("Broadway") to form Mind Medicine (MindMed) Inc. MindMed Delaware is deemed to be the acquirer in the reverse takeover transaction and therefore MindMed Delaware's audited consolidated financial statements for the period ended December 31, 2019 are deemed to be those of MindMed and are the Financial Statements released today.
CNW Group
MindMed Advances 18-MC, Potential Treatment for Opioid Addiction, Into Further Clinical Testing
NEW YORK , March 25, 2020 /CNW/ -- Mind Medicine (MindMed), Inc. (NEO: MMED; OTC: MMEDF), the leading neuro-pharmaceutical company for psychedelic inspired medicines, today announced that the company has begun enrollment in further human safety studies of 18-MC, the company's orally-active drug candidate for the treatment of opioid use disorders. In extensive nonclinical testing, 18-MC has shown promise in helping to curb various forms of addiction. MindMed is scheduled to begin Phase 2 trials of 18-MC in opioid use disorder patients in late 2020.
PR Newswire
Leading Psychedelic Pharmaceutical Company MindMed Forms New Board Committee To Evaluate Acquisitions And Scientific Collaborations
Mind Medicine (MindMed) Inc. ("MindMed") has formed a Technology Evaluation, Acquisition and Scientific Integrity Board Committee to identify and expand the company's clinical trial pipeline and IP portfolio of psychedelics. The committee will be advised by Johns Hopkins Professor of Psychiatry and Behavioral Sciences Matthew Johnson, Ph.D. Professor Johnson is a renowned expert on psychedelics and addiction. He will act as both a senior advisor to the newly formed committee and will also join the company's existing Scientific Advisory Board. In addition, pharma industry veteran and skilled psychiatry clinician Dr. Miri Halperin Wernli, who recently joined the board of directors and will be the chair of the board committee, will also act as senior advisor for MindMed's clinical trials.
Yahoo Finance Video
MindMed Co-CEO on taking the company public
JR Rahn, Co-Founder and Co-CEO of MindMed, joins Yahoo Finance's The Final Round to discuss the market for psychedelic-based pharmaceuticals, navigating government regulation, and the U.S. opioid crisis.