Podcast: LSD 'Deserves To Reclaim Its Spot At The Lead Of The Path For Psychedelics' Says MindMed's R. Barrow
Portfolio Pulse from Lara Goldstein
In a Benzinga Psychedelics Podcast episode, Mind Medicine (MindMed) CEO Robert Barrow discussed the company's progress in developing LSD-based therapy, particularly MM-120 for Generalized Anxiety Disorder. MindMed, which recently received a 'breakthrough therapy' designation from the FDA for this treatment, is advancing clinical trials into Phase 3. Barrow highlighted LSD's potential for deeper therapeutic introspection compared to other psychedelics, attributing its historical research neglect to political rather than scientific reasons.
March 27, 2024 | 2:25 pm
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Mind Medicine (MindMed) is advancing LSD-based therapy, particularly MM-120 for Generalized Anxiety Disorder, into Phase 3 clinical trials after receiving a 'breakthrough therapy' designation from the FDA.
The 'breakthrough therapy' designation from the FDA for MindMed's LSD-based therapy, MM-120, signifies a significant regulatory milestone that could expedite the drug's development and review process. This development is likely to be viewed positively by investors, as it not only validates the therapeutic potential of MM-120 but also positions MindMed as a leader in the psychedelics-based therapy market. The advancement into Phase 3 clinical trials further underscores the company's progress in its research and development efforts, potentially leading to increased investor confidence and a positive impact on the stock price in the short term.
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IMPORTANCE 90
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