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Clearmind Medicine Inc. Common Shares - CMND STOCK NEWS

Welcome to our dedicated page for Clearmind Medicine Common Shares news (Ticker: CMND), a resource for investors and traders seeking the latest updates and insights on Clearmind Medicine Common Shares stock.

Clearmind Medicine Inc. (NASDAQ: CMND, FSE: CWY0) is a clinical-stage psychedelic pharmaceutical biotech company dedicated to the discovery and development of innovative psychedelic-derived therapeutics. The company focuses on addressing widespread and under-treated health issues, particularly alcohol use disorder (AUD).

Currently, Clearmind's flagship compound, CMND-100, is in the spotlight. This MEAI-based (5-methoxy-2-aminoindane) formula has shown promising pre-clinical results in disrupting binge drinking behaviors without inducing hallucinations. The Israeli Ministry of Health has recently approved a Phase I/IIa clinical trial for CMND-100, marking a significant milestone in its development.

Clearmind's intellectual property portfolio is robust and growing, comprising eighteen patent families and 27 granted patents. Recent developments include nine new patent applications filed with the USPTO, highlighting compositions for treating alcohol use disorder, cocaine addiction, and obesity-related metabolic disorders. These efforts reflect the company's commitment to expanding and protecting its IP assets.

Collaborations play a crucial role in Clearmind's strategy. The company has entered exclusive licensing agreements with institutions such as the Hebrew University of Jerusalem, further enriching its portfolio with generation 3.0 psychedelic compounds aimed at treating addiction and mental health disorders. Additionally, Clearmind has initiated a groundbreaking partnership with Yissum Research Development Company for PTSD treatments.

Another key project is Clearmind's proprietary MEAI-based alcohol substitute beverage program. This ethanol-free alternative aligns with the growing global trend towards no- and low-alcohol consumption, offering a health-focused option for consumers.

Clearmind Medicine Inc. continues to execute its intellectual property and development strategies, positioning itself at the forefront of psychedelic-based medical treatments. The company’s shares are traded on Nasdaq under the symbol 'CMND' and on the Frankfurt Stock Exchange under 'CWY0'.

For more information, please visit their official website at www.clearmindmedicine.com or contact Investor Relations at invest@clearmindmedicine.com.

Rhea-AI Summary
Clearmind Medicine Inc. has received a notice from Nasdaq stating that it is not in compliance with the minimum bid price requirement. The company has been granted a grace period of 180 days to regain compliance.
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Clearmind Medicine Inc. (NASDAQ: CMND) has announced the formation of a Data and Safety Monitoring Board (DSMB) to oversee its first human clinical trial for treating Alcohol Use Disorder (AUD). This independent committee is composed of experts in internal medicine, psychiatry, and biostatistics, and is tasked with ensuring participant safety as well as data integrity throughout the trial. Dr. Adi Zuloff-Shani, CEO, emphasized the company's commitment to patient safety at all product development stages. Clearmind focuses on developing psychedelic-derived therapeutics for under-treated health conditions, supported by a portfolio of fourteen patent families aimed at advancing psychedelic compounds into regulated medical products.

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Clearmind Medicine Inc. (NASDAQ: CMND) has filed a patent application with the USPTO for a novel combination of its psychedelic compound MEAI and SciSparc's Cannamide™ for treating depression. This development highlights Clearmind's commitment to expanding its intellectual property portfolio, which currently comprises 24 patents across 14 families, with 9 granted in major jurisdictions. The new patent aims to enhance treatment efficacy and safety for mental health disorders. Additionally, it aligns with the company's goal to create innovative solutions for under-treated health issues, including alcohol use disorder and obesity. This latest application demonstrates Clearmind's focus on developing regulated therapeutic options that could address significant patient needs.

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Clearmind Medicine (NASDAQ: CMND) has announced significant progress towards its first-in-human clinical trial for the CMND-100 drug, aimed at treating Alcohol Use Disorder (AUD). The company has engaged a contract research organization (CRO) to support regulatory affairs, site selection, recruitment, and clinical monitoring. CMND-100 is based on Clearmind's proprietary MEAI molecule. CEO Dr. Adi Zuloff-Shani emphasized the company's commitment to advancing the trial, which targets a widely prevalent issue affecting many individuals. Clearmind's intellectual property portfolio includes fourteen patent families, and the company aims to expand it further. For more information, visit Clearmind's official website.

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Clearmind Medicine Inc. (NASDAQ:CMND) has successfully completed a $3.5 million public offering, facilitated by Aegis Capital Corp. as the exclusive placement agent. The funds will support the company's mission to develop psychedelic-derived therapeutics targeting health issues like alcohol use disorder. Clearmind’s innovative approach is reinforced by a robust intellectual property portfolio, comprising 13 patent families, with plans for further acquisitions. The company aims to commercialize its psychedelic compounds as regulated medicines, foods, or supplements. This offering reflects Clearmind's commitment to advancing psychedelic medicine and building its research capabilities.

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FAQ

What is the current stock price of Clearmind Medicine Common Shares (CMND)?

The current stock price of Clearmind Medicine Common Shares (CMND) is $1.72 as of December 24, 2024.

What is the market cap of Clearmind Medicine Common Shares (CMND)?

The market cap of Clearmind Medicine Common Shares (CMND) is approximately 7.5M.

What is Clearmind Medicine Inc.'s primary area of focus?

Clearmind Medicine Inc. focuses on the discovery and development of novel psychedelic-derived therapeutics to address widespread and under-treated health problems, particularly alcohol use disorder (AUD).

What is CMND-100?

CMND-100 is Clearmind's flagship MEAI-based compound aimed at treating alcohol use disorder. It has shown promising pre-clinical results in reducing binge drinking without causing hallucinations.

What recent clinical developments has Clearmind made?

The Israeli Ministry of Health recently approved a Phase I/IIa clinical trial for CMND-100 to treat alcohol use disorder, marking a significant milestone in its development.

What are the key features of Clearmind's intellectual property portfolio?

Clearmind's intellectual property portfolio includes eighteen patent families and 27 granted patents, with recent additions focusing on treatments for alcohol use disorder, cocaine addiction, and obesity-related disorders.

What strategic collaborations has Clearmind entered into?

Clearmind has entered exclusive licensing agreements with the Hebrew University of Jerusalem and Yissum Research Development Company, enriching its portfolio with psychedelic compounds for treating addiction and mental health disorders.

What is Clearmind's MEAI-based alcohol substitute beverage program?

Clearmind is developing a proprietary, ethanol-free MEAI-based alcohol substitute beverage. This product aligns with the growing trend towards no- and low-alcohol consumption and aims to offer a health-focused alternative.

Where are Clearmind's shares traded?

Clearmind's shares are traded on Nasdaq under the symbol 'CMND' and on the Frankfurt Stock Exchange under the symbol 'CWY0'.

How can I contact Clearmind Medicine Inc. for more information?

For more information, you can visit their official website at www.clearmindmedicine.com or contact Investor Relations at invest@clearmindmedicine.com.

What is Clearmind's approach to intellectual property?

Clearmind is committed to expanding and protecting its intellectual property by filing additional patents and remaining opportunistic regarding the acquisition of new IP assets.

How does Clearmind ensure the safety of its novel compounds?

Clearmind's novel compounds undergo rigorous pre-clinical and clinical trials to ensure safety and efficacy before potential commercialization.

Clearmind Medicine Inc. Common Shares

Nasdaq:CMND

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7.54M
4.07M
17.32%
4.61%
Biotechnology
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