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Clearmind Medicine Reaches Important Clinical Milestone: 20 Participants Now Treated in Ongoing Phase I/IIa Trial of CMND-100 for Alcohol Use Disorder

(Very Positive)

Clearmind Medicine (Nasdaq: CMND) reported an important milestone in its FDA-approved Phase I/IIa trial of CMND-100 (MEAI) for moderate to severe alcohol use disorder, with 20 participants now treated across all cohorts.

The fourth cohort uses a 160 mg dose, initiated after a positive DSMB recommendation and successful completion of three cohorts (18 participants) that met the primary safety endpoint with no serious adverse events. The multinational, multicenter study assesses safety, tolerability, pharmacokinetics, and preliminary efficacy at leading institutions including Yale, Johns Hopkins, Tel Aviv Sourasky, and Hadassah Medical Center.

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Positive

  • 20 participants treated to date in Phase I/IIa CMND-100 trial
  • First three cohorts met primary safety endpoint with no serious adverse events
  • Dose escalated to 160 mg in fourth cohort after positive DSMB recommendation
  • Multinational, multicenter design across four leading academic medical centers

Negative

  • None.

News Market Reaction – CMND

+3.81%
12 alerts
+3.81% Session close to close
+6.8% Peak in 1 hr 11 min
$869,756 Market Cap
0.0x Rel. Volume

In the May 12 session, CMND gained 3.81%, reflecting a moderate positive market reaction. Argus tracked a peak move of +6.8% during that session. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement extends Clearmind’s Phase I/IIa CMND-100 program, bringing total treated participa...
Analysis

This announcement extends Clearmind’s Phase I/IIa CMND-100 program, bringing total treated participants to 20 and advancing dosing to a higher 160mg cohort after a positive DSMB review and no serious adverse events in the first three cohorts. It reinforces a favorable safety profile at leading sites like Yale, Johns Hopkins, and Israeli centers. In parallel, investors may track the impact of the effective Form F-3 registering 22,626,988 resale shares linked to convertible notes.

Key Figures

Participants treated: 20 participants Newly dosed participants: 2 participants Fourth-cohort dose: 160 mg +5 more
8 metrics
Participants treated 20 participants Total treated across all cohorts in Phase I/IIa CMND-100 AUD trial
Newly dosed participants 2 participants Fourth cohort at Hadassah-University Medical Center
Fourth-cohort dose 160 mg Higher CMND-100 dose in ongoing Phase I/IIa trial
Earlier participants 18 participants First three cohorts meeting primary safety endpoint with no serious adverse events
Registered resale shares 22,626,988 common shares Form F-3 shelf registration for CLA Investor note conversions
Convertible note principal $10.0M Principal assumed for F-3 registered resale calculation
Interest assumed $3.576M Accrued interest assumed in F-3 resale registration
PTSD market size $18.5B Estimated 2025 PTSD market cited in recent 6-K

Previous Clinical trial Reports

5 past events · Latest: May 11 (Neutral)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
May 11 Clinical webinar update Neutral -5.6% Announced June 10 webinar to review latest CMND-100 Phase I/IIa data.
Apr 20 Safety endpoint met Positive +58.4% Reported CMND-100 met primary safety endpoint with no serious adverse events.
Apr 15 DSMB positive review Positive -28.6% DSMB gave positive recommendation to continue trial and advance to 160mg cohort.
Apr 14 Primary endpoint met Positive -36.4% Announced CMND-100 met primary safety and tolerability endpoint in AUD trial.
Mar 30 Participants completed Positive +22.7% Reported successful completion of treatment and follow-up for 18 participants.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Clinical-trial headlines have produced highly inconsistent reactions, with multiple positive safety updates followed by sharp declines as well as occasional large spikes.

Recent Company History

Over the past few months, Clearmind has repeatedly highlighted progress in its FDA-approved Phase I/IIa CMND-100 trial for Alcohol Use Disorder. Events include successful treatment and follow-up for 18 participants on Mar 30, multiple announcements that CMND-100 met its primary safety endpoint with no serious adverse events, and a positive DSMB recommendation enabling escalation to a 160mg fourth cohort. A clinical webinar set for June 10, 2026 underscores ongoing data generation. Today’s milestone of 20 participants treated fits this steady, safety-focused trial advancement narrative.

Key Terms

phase i/iia, alcohol use disorder, data and safety monitoring board, non-hallucinogenic, +1 more
5 terms
phase i/iia medical
"ongoing Phase I/IIa clinical trial evaluating CMND-100 (MEAI) for the treatment"
An early-stage clinical trial program that combines Phase I (primarily testing safety and finding a tolerable dose) with Phase IIa (initial checks for whether the drug shows signs of working in patients). Think of it as trying a new product with a small group to confirm it’s safe and gives early benefits before a larger rollout. For investors, these studies are major risk/reward checkpoints: positive results can boost value, while failures are common and costly.
alcohol use disorder medical
"clinical trial evaluating CMND-100 (MEAI) for the treatment of moderate to severe Alcohol Use Disorder"
A chronic medical condition characterized by an inability to control or stop drinking despite negative effects on health, work, relationships or safety; it ranges from mild to severe based on frequency, loss of control, and withdrawal symptoms. Investors care because its prevalence and treatment options affect markets for pharmaceuticals, medical services and health-related productivity—think of it like a long-running equipment fault in a factory that reduces output and creates demand for repairs and preventive solutions.
data and safety monitoring board medical
"following the positive Data and Safety Monitoring Board (DSMB) recommendation and successful"
An independent panel of experts that watches over a clinical trial to protect participants and ensure the data are reliable, acting like an impartial referee who can recommend pausing or stopping the study if safety problems or clear benefits emerge. Investors care because the board’s findings can change a drug or device’s timeline, cost, and odds of regulatory approval, directly affecting a company’s value and risk profile.
non-hallucinogenic medical
"novel, non-hallucinogenic, second generation, neuroplastogen-derived therapeutics to solve"
A non-hallucinogenic substance is one that does not produce hallucinations or significant distortions of perception, mood, or thought; think of a medicine that relieves symptoms without causing vivid sensory experiences or altered reality. For investors, non-hallucinogenic status matters because it can mean fewer safety concerns, simpler regulatory approval, broader patient acceptance, and potentially lower liability and marketing barriers, which affect commercial viability and risk.
pharmacokinetics medical
"designed to evaluate the safety, tolerability, pharmacokinetics, and preliminary efficacy of"
Pharmacokinetics is the study of how a substance, such as a drug or chemical, moves through and is processed by the body over time. It tracks how it is absorbed, distributed, broken down, and eventually eliminated. For investors, understanding pharmacokinetics helps gauge the effectiveness, safety, and potential risks of new medications or treatments, which can influence a company’s success and valuation in the healthcare industry.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, Canada, May 12, 2026 (GLOBE NEWSWIRE) -- Clearmind Medicine Inc. (Nasdaq: CMND) (“Clearmind” or the "Company"), a clinical-stage biotech company focused on the discovery and development of novel, non-hallucinogenic, second generation, neuroplastogen-derived therapeutics to solve major under-treated health problems, today announced that two additional participants have been successfully dosed in the fourth cohort of its FDA-approved Phase I/IIa clinical trial evaluating CMND-100 (MEAI) for the treatment of moderate to severe Alcohol Use Disorder (AUD).

This milestone brings the total number of participants treated to date across all cohorts to 20, reflecting strong momentum and continued progress in the multinational, multicenter study.

The two newly dosed patients in the fourth cohort were treated at Hadassah-University Medical Center in Jerusalem, Israel, one of the key active trial sites. The fourth cohort features a higher dose of CMND-100 (160 mg), following the positive Data and Safety Monitoring Board (DSMB) recommendation and successful completion of the third cohort in April 2026.

Building on highly encouraging safety and tolerability data from the first three cohorts (which included 18 participants and met the primary safety endpoint with no serious adverse events reported), the Company continues to advance the dose-escalation phase of the trial. Previous cohorts demonstrated a favorable safety profile consistent with earlier results, supporting further evaluation of CMND-100’s potential as a novel, non-hallucinogenic treatment option for AUD.

“Reaching the 20- participants milestone and successfully initiating dosing in the fourth cohort at our Israeli site is an important step forward,” said Dr. Adi Zuloff-Shani, Ph.D., Chief Executive Officer of Clearmind Medicine. “The consistent safety data observed so far across all cohorts reinforces our confidence in CMND-100 and brings us closer to potentially delivering a much-needed new therapeutic option for patients struggling with alcohol use disorder.”

The ongoing FDA-approved Phase I/IIa trial is a multinational, multicenter study designed to evaluate the safety, tolerability, pharmacokinetics, and preliminary efficacy of CMND-100 in patients with moderate to severe AUD. The trial is being conducted at leading institutions including Yale School of Medicine, Johns Hopkins University School of Medicine, Tel Aviv Sourasky Medical Center, and Hadassah Medical Center.

About Clearmind Medicine Inc.

Clearmind is a clinical-stage neuroplastogens pharmaceutical biotech company focused on the discovery and development of non-hallucinogenic, second generation, neuroplastogen-derived therapeutics to solve widespread and underserved health problems, including alcohol use disorder. Its primary objective is to research and develop psychedelic-based compounds and attempt to commercialize them as regulated medicines, foods, or supplements.

The Company’s intellectual portfolio currently consists of nineteen patent families, including 31 granted patents. The Company intends to seek additional patents for its compounds whenever warranted and will remain opportunistic regarding the acquisition of additional intellectual property to build its portfolio.

Shares of Clearmind are listed for trading on Nasdaq under the symbol "CMND."

For further information, visit: https://www.clearmindmedicine.com or contact:

Investor Relations
invest@clearmindmedicine.com
www.Clearmindmedicine.com

Forward-Looking Statements:

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the timing and progress of it clinical trials and potentially delivering a much-needed new therapeutic option for patients struggling with alcohol use disorder. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on Form 20-F for the fiscal year ended October 31, 2025 and subsequent filings with the SEC. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Clearmind is not responsible for the contents of third-party websites.


FAQ

What clinical milestone did Clearmind Medicine (CMND) announce in its CMND-100 alcohol use disorder trial?

Clearmind Medicine reported reaching 20 treated participants in its ongoing Phase I/IIa CMND-100 trial. According to Clearmind, this includes dosing two additional patients in the fourth cohort, reflecting continued progress in the multinational, multicenter study for alcohol use disorder.

What is CMND-100 (MEAI) in Clearmind Medicine’s (CMND) Phase I/IIa trial for alcohol use disorder?

CMND-100 (MEAI) is a novel, non-hallucinogenic, second generation neuroplastogen-derived therapeutic candidate for alcohol use disorder. According to Clearmind, the FDA-approved Phase I/IIa trial evaluates its safety, tolerability, pharmacokinetics, and preliminary efficacy in patients with moderate to severe alcohol use disorder.

What dose is used in the fourth cohort of Clearmind Medicine’s (CMND) CMND-100 trial?

The fourth cohort of Clearmind Medicine’s CMND-100 trial uses a 160 mg dose. According to Clearmind, this higher dose followed a positive Data and Safety Monitoring Board recommendation and successful completion of the third cohort in April 2026.

What safety results has Clearmind Medicine (CMND) reported so far for CMND-100 in alcohol use disorder?

Clearmind Medicine reports that the first three CMND-100 cohorts met the primary safety endpoint with no serious adverse events. According to Clearmind, these 18 participants showed a favorable safety and tolerability profile, supporting further dose escalation and continued evaluation in the Phase I/IIa trial.

Which clinical sites are participating in Clearmind Medicine’s (CMND) CMND-100 Phase I/IIa trial?

Clearmind’s CMND-100 trial is running at several leading academic medical centers. According to Clearmind, sites include Yale School of Medicine, Johns Hopkins University School of Medicine, Tel Aviv Sourasky Medical Center, and Hadassah-University Medical Center in Jerusalem, Israel.

What is the main goal of Clearmind Medicine’s (CMND) Phase I/IIa trial of CMND-100 for alcohol use disorder?

The trial’s main goal is to evaluate safety, tolerability, pharmacokinetics, and preliminary efficacy of CMND-100. According to Clearmind, the FDA-approved study enrolls patients with moderate to severe alcohol use disorder in a multinational, multicenter dose-escalation design.