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Clearmind Medicine Reaches Major Milestone, Completing Part A Treatment in FDA‑Regulated Phase I/II Trial

(Very Positive)

Clearmind Medicine (Nasdaq: CMND) completed treatment for all 24 participants in Part A of its FDA‑regulated Phase I/II trial of CMND‑100 for Alcohol Use Disorder (AUD). The multicenter study spans four cohorts at leading sites in the United States and Israel.

Clearmind is reviewing the dataset and, if results remain favorable, plans to initiate the next stage of the AUD clinical program.

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Positive

  • Treatment completed for 24 participants in Part A across four cohorts
  • Phase I/II CMND‑100 trial for Alcohol Use Disorder advancing as per protocol
  • Study conducted under FDA oversight in the United States and Israel
  • Multicenter trial includes leading institutions such as Yale and Johns Hopkins

Negative

  • None.

News Market Reaction – CMND

-2.93%
2 alerts
-2.93% Session close to close
+3.0% Peak Tracked
-7.7% Trough Tracked
$4.56M Market Cap
10.97K Volume

In the Jun 22 session, CMND declined 2.93%, reflecting a moderate negative market reaction. Argus tracked a peak move of +3.0% during that session. Argus tracked a trough of -7.7% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms Part A completion for 24 CMND-100 participants under FDA oversight, exten...
Analysis

This announcement confirms Part A completion for 24 CMND-100 participants under FDA oversight, extending a pattern of steady trial progress. However, recent filings flag going-concern risks and a sizable resale shelf, making upcoming data readouts and financing steps key to monitor.

Key Figures

Participants treated: 24 participants Trial cohorts: 4 cohorts Prior participants treated: 20 participants +5 more
8 metrics
Participants treated 24 participants Part A of CMND-100 Phase I/II trial for Alcohol Use Disorder
Trial cohorts 4 cohorts Cohorts 1–4 completed treatment in Part A
Prior participants treated 20 participants Earlier milestone in CMND-100 Phase I/IIa Alcohol Use Disorder trial
High dose level 160 mg Dose used in fourth cohort after positive safety review
Quarterly net loss $2.0M Three months ended April 30, 2026
First-half net loss $5.9M Six months ended April 30, 2026
Cash and equivalents $11.4M Balance as of April 30, 2026
Operating cash use $3.9M Cash used in operating activities over six months

Previous Clinical trial Reports

5 past events · Latest: Jun 16 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jun 16 Clinical dosing update Positive -6.8% Reported completion of dosing for all 24 Part A participants in trial.
Jun 05 Clinical data webinar Positive +36.8% Announced webinar to review early CMND-100 clinical data with investigators.
May 26 Trial advancement Positive +14.6% Johns Hopkins IRB approval allowing CMND-100 trial to proceed to Parts B and C.
May 12 Enrollment milestone Positive +3.8% Reported 20 participants treated in Phase I/IIa CMND-100 trial, including high-dose cohort.
May 11 Webinar announcement Positive -5.6% Announced “Inside MEAI” webinar to discuss latest CMND-100 trial data.

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

Pattern Detected

Clinical trial updates have produced mixed but slightly positive average moves, with both sharp gains and notable selloffs.

Key Terms

phase i/ii, alcohol use disorder, data and safety monitoring board, promissory notes, +2 more
6 terms
phase i/ii medical
"ongoing Phase I/II clinical trial evaluating CMND-100 for the treatment of Alcohol Use Disorder"
"Phase I/II" describes early stages of testing a new medicine or treatment, where researchers first evaluate its safety and then begin to see if it works. For investors, these phases are important because they indicate whether a product is progressing toward potential approval and commercialization, which can impact future value and success prospects. These stages help gauge how close a new treatment is to reaching the market.
alcohol use disorder medical
"Phase I/II clinical trial evaluating CMND-100 for the treatment of Alcohol Use Disorder (AUD)"
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
"an independent Data and Safety Monitoring Board issued multiple positive safety reviews"
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.
promissory notes financial
"conversion of convertible promissory notes held by institutional investors (the CLA Investors)"
A promissory note is a written IOU in which a borrower promises to repay a specific amount to a lender, usually with stated interest and by a set date. Investors care because these notes are a formal debt claim—like holding a scheduled payment stream—so they affect a company’s borrowing costs, cash flow and credit risk; notes can be bought, sold or used as collateral, which influences liquidity and recoveries if things go wrong.
20-day vwap financial
"conversion price is the lower of a $40.40 fixed price or 88% of the 20-day VWAP"
20-day VWAP is the average price a stock traded at over the past 20 trading days, where each day's price is weighted by the number of shares traded so that busier days matter more than quiet ones. Investors use it as a reference point to tell whether the current price is high or low relative to recent market activity and to assess trading trends or likely execution costs—like comparing today’s price to what most buyers actually paid over the last month.
going concern financial
"Management discloses substantial doubt about the company’s ability to continue as a going concern"
Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.

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

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Vancouver, Canada, June 22, 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 the successful completion of treatment for all participants in Part A of its ongoing Phase I/II clinical trial evaluating CMND-100 for the treatment of Alcohol Use Disorder (AUD).

All 24 participants across Cohorts 1 through 4 have successfully completed treatment according to the study protocol.

The Company is currently assessing the dataset and, assuming results remain favorable, intends to initiate the next stage of the clinical program in Alcohol Use Disorder patients.

"We are pleased to have successfully completed treatment for all participants in Part A of the study, fully aligned with the clinical protocol,” said Adi Zuloff‑Shani, PhD, CEO of Clearmind Medicine. “This achievement reflects the dedication of our clinical teams and the value of our partnerships with world‑class research centers across the United States and Israel. With data review now underway, we are eager to progress to the next phase of development and continue advancing CMND‑100 as a promising therapeutic candidate for Alcohol Use Disorder."

The multicenter trial is being conducted under FDA oversight (at leading sites in the United States and Israel, 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 32 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 its clinical trial, how the Company is currently assessing the dataset and, assuming results remain favorable, its intension to initiate the next stage of the clinical program in Alcohol Use Disorder patients, progressing to the next phase of development and continuing to advance CMND‑100 as a promising therapeutic candidate for 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 milestone did Clearmind Medicine (CMND) announce in its Phase I/II CMND-100 trial on June 22, 2026?

Clearmind Medicine reported completing treatment for all 24 participants in Part A of its Phase I/II CMND-100 trial. According to Clearmind, this stage followed the study protocol and covers four cohorts evaluating CMND-100 for Alcohol Use Disorder.

How many patients were treated in Part A of Clearmind Medicine's CMND-100 Alcohol Use Disorder trial?

Part A of Clearmind Medicine's CMND-100 Phase I/II trial treated 24 participants across four cohorts. According to Clearmind, all participants successfully completed treatment in line with the clinical protocol for Alcohol Use Disorder under FDA-regulated oversight.

What are the next steps for Clearmind Medicine's CMND-100 Phase I/II trial for Alcohol Use Disorder (CMND)?

Clearmind intends to start the next stage of its CMND-100 clinical program if Part A results remain favorable. According to Clearmind, the current dataset from 24 treated participants is under review before advancing Alcohol Use Disorder patients to further development.

Where is Clearmind Medicine's FDA-regulated CMND-100 Alcohol Use Disorder trial being conducted?

Clearmind’s CMND-100 Phase I/II trial is running at multiple leading sites in the United States and Israel. According to Clearmind, participating centers include Yale School of Medicine, Johns Hopkins School of Medicine, Tel Aviv Sourasky, and Hadassah Medical Center.

What is CMND-100 and what condition is Clearmind Medicine targeting in its current trial?

CMND-100 is a non-hallucinogenic, second-generation, neuroplastogen-derived therapeutic candidate targeting Alcohol Use Disorder. According to Clearmind, it is being evaluated in an FDA-regulated multicenter Phase I/II clinical trial, with Part A treatment now completed for 24 participants.

How does Clearmind Medicine describe the significance of completing Part A in its CMND-100 Alcohol Use Disorder study?

Clearmind describes Part A completion as a key step aligned with its clinical protocol and partnerships. According to Clearmind, this milestone reflects coordinated work with world-class research centers and supports progressing CMND-100 development for Alcohol Use Disorder, pending data review.