Psychedelic Compound-Based Drug Stock, Mind Medicine, Up 56% Last Week


Image Source: PixabayThe 5 constituents in the munKNEE Psychedelic Compound-Based Drug Stocks Index were UP 3.4%, on average, last week and below is how each constituent stock performed, in descending order, and YTD, plus any recent news, commentary, and/or analysis on each company:

  • Mind Medicine (MNMD): UP 55.7% last week; UP 165.0% YTD

    • is primarily focused on the use of LSD and MNMA. Go here for much more extensive information on LSD and here for much more extensive information on MNMA.
    • Latest News, Commentary and/or Analysis:
      • MindMed Receives FDA Breakthrough Therapy Designation and Announces Positive 12-Week Durability Data From Phase 2B Study of MM120 for Generalized Anxiety Disorder
  • Atai Life Sciences (ATAI): DOWN 1.4% last week; UP 48.9% YTD

    • is focused on the use of ketamine, DMT and ibogaine.  Go here for much more extensive information on Ketamine and here for much more extensive information on DMT.
    • Latest News, Commentary and/or Analysis:
    • atai Life Sciences Announces First Participant Dosed in Phase 1b Trial of VLS-01
  • GH Research (GHRS): DOWN 4.6% last week; UP 39.8% YTD

    • is primarily focused on the use of mebufotenin, the new International non-proprietary name for 5-MeO-DMT, which stands for 5-MethOxy-N,N-DiMeThyltryptamine.
    • Latest News, Commentary and/or Analysis:
      • GH Research Reports Full Year 2023 Financial Results and Provides Business Updates
  • Compass Pathways (CMPS): DOWN 5.2% last week; UP 24.3% YTD

    • is focused on the use of psilocybin (magic mushrooms) in their research. Go here for much more extensive information on Psilocybin.
    • Latest News, Commentary and/or Analysis:
      • Compass Pathways Announces Q4 2023 Financial Results and Business Highlights
  • Incannex Healthcare (IXHL): DOWN 23.9% last week; DOWN 10.1% YTD

    • is researching and developing therapies and products with the world’s largest portfolio of medicinal cannabinoid and psychedelic pharmaceutical products.
    • Latest News, Commentary and/or Analysis: None
  • Summary
    The munKNEE Psychedelic compound-Based Drug Stocks Index went UP 3.4% last week and is now UP 44.1% YTD.More By This Author:Our 7 Largest Cannabis MSO Stocks Dropped 7.1% Last Week
    Cannabis Company Green Thumb Has Bounced Back From A Rocky Q4
    Q4 Results Of Cannabis Company Verano Holdings Were Down Across The Board

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