MindMed value doubles with LSD trip set to enter Phase III

7 March 2024

Shares in Mind Medicine (MindMed; Nasdaq: MNMD) were nearly 52% higher following Thursday's trading.

The USA-based brain health biotech made a series of announcements on the day, the first two relating to its development of MM120 (lysergide d-tartrate).

Firstly, it was announced that the US Food and Drug Administration (FDA) has granted Breakthrough designation to the MM120 program for the treatment of generalized anxiety disorder (GAD).

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