Clearmind Medici Stock Price, News & Analysis

Clearmind Medicine Inc. (Nasdaq, CSE: CMND) recently announced the successful completion of two innovative drug-discovery projects at the Hebrew University. These projects focus on developing novel psychedelic compounds aimed at enhancing therapeutic effects for under-treated health issues. Led by esteemed professors, the initiatives involved synthesizing synthetic molecules and evaluating psychedelic analogues for efficacy and safety. The promising results from these projects will allow Clearmind and Yissum to advance multiple new patent applications, expanding the company’s intellectual property portfolio. The firm remains committed to its mission of providing innovative solutions for mental health challenges.

Clearmind Medicine Inc. (CMND) announced promising pre-clinical results for its drug candidate MEAI, showing potential in treating substance addiction without affecting natural reward processes. Conducted at Bar Ilan University, the in-vivo studies revealed that MEAI, at a dose of 5mg/kg, significantly decreased cocaine craving, marking it as a potential first-of-its-kind treatment for cocaine addiction. The researchers confirmed that MEAI allows for the maintenance of natural rewards, distinguishing it from traditional addiction treatments. CEO Dr. Adi Zuloff-Shani emphasized the importance of these results in addressing cocaine addiction, which currently lacks dedicated therapies.

Clearmind Medicine Inc. (Nasdaq: CMND) has successfully manufactured batches of its MEAI-based molecule, CMND-100, for its first in-human clinical trial targeting Alcohol Use Disorder (AUD). This milestone indicates readiness to proceed with clinical testing. The drug was produced under Good Manufacturing Practices to meet FDA standards, aligning with the company's goal to develop psychedelic-derived therapeutics. Clearmind holds seven patent families and aims to expand its intellectual property portfolio as it advances its clinical program.

Clearmind Medicine Inc. (CMND) announced promising pre-clinical trial results for its drug candidate MEAI, aimed at treating obesity and metabolic syndrome. Conducted at the Hebrew University of Jerusalem, the trials demonstrated a 20% weight loss in rodents, improved insulin sensitivity, and reduced liver fat. MEAI treatment also decreased sucrose preference, indicating potential applications in addiction treatment. The global obesity drug market was valued at $1.9 billion in 2021, with further growth projected. Clearmind's progress underscores the drug's potential to address significant health issues.

Clearmind Medicine Inc. (NASDAQ:CMND) announces a new interview featuring CEO Dr. Adi Zuloff-Shani, discussing the company's innovative approach using non-hallucinogenic psychedelic compounds to address addiction and mental health issues. Clearmind's lead candidate, CMND-100, derived from MEAI, aims to treat alcohol use disorder and is set for clinical trials in early 2023. The company holds seven patent families and has received a patent for using MEAI as an alcohol substitute. The interview addresses the significant market need for effective treatments and outlines plans for an IND application to the FDA for clinical trials.

Clearmind Medicine Inc. (CMND) held its shareholder meeting on December 28, 2022, where all proposed matters were approved. This includes the company's rolling stock option plan and an increase in options and restricted share units available for issuance. Clearmind focuses on developing psychedelic-derived therapeutics for under-treated health issues, holding seven patent families and planning further acquisitions of intellectual property. The company aims to commercialize its products as regulated medicines, foods, or supplements.

Clearmind Medicine Inc. (CMND) announced its first first-in-human clinical trial in Israel for the MEAI-based CMND-100 compound targeting alcohol use disorder (AUD). The agreement with the IMCA center in Ramat Gan will be led by Prof. Mark Weiser. CMND plans to establish a similar agreement in the U.S.. AUD affects nearly 28 million adults in the U.S., with significant public health implications. The global AUD treatment market is projected to grow from $564 million in 2021, at an annual rate of 8.8% by 2032.

Clearmind Medicine has received a new patent from the U.S. Patent and Trademark Office for its proprietary MEAI as a substitute for alcoholic beverages. This patent complements similar patents granted in Europe and India, marking a significant milestone in a rapidly growing market for non-alcoholic options, valued at $395 million in the U.S. with a year-on-year growth of +20.6%. The company believes that this innovative compound can generate substantial revenue outside the pharmaceutical sector. The appointment of Nicholas Kadysh bolsters regulatory navigation for this product.

Clearmind Medicine Inc. (Nasdaq: CMND) updates shareholders on its progress towards FDA approval for its proprietary compound CMND-100, a treatment for Alcohol Use Disorder (AUD). The company has completed required non-clinical studies and is nearing its first human clinical trial. Clearmind is also exploring MEAI's potential for cocaine addiction and other mental health issues. The firm completed a $7.5 million U.S. IPO and uplisted to Nasdaq, enhancing its market presence. Future plans include advancing its IP portfolio and targeting new drug candidates for unmet medical needs.