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.
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.
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.
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.
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.
Clearmind Medicine Inc. (NASDAQ: CMND) has successfully closed a public offering, raising approximately US$3.5 million in gross proceeds. The offering included 4,505,718 common shares along with pre-funded warrants and common warrants, each priced at US$0.78, with warrants exercisable over five years. The funds will be utilized for general corporate purposes, including operating expenses, R&D, and potential acquisitions. This offering, made exclusively in the U.S., was facilitated by Aegis Capital Corp., acting as the placement agent. Clearmind focuses on developing psychedelic-derived therapeutics for under-treated health issues, particularly alcohol use disorder, and holds 13 patent families with intentions for further acquisitions of intellectual property.
Clearmind Medicine Inc. (NASDAQ: CMND) announced a public offering in the U.S., aiming to raise approximately US$3.5 million. This offering involves the sale of 4,505,718 common shares and common warrants, each warrant exercisable at US$0.78. The offering is expected to close on April 6, 2023, pending customary conditions. Proceeds will support general corporate purposes, including operational expenses and research and development for their psychedelic-derived therapeutics. Aegis Capital Corp. serves as the exclusive placement agent for this transaction. This offering does not include Canadian residents.
Clearmind Medicine Inc. (NASDAQ: CMND) has submitted an Investigational New Drug (IND) application to the FDA for its first-in-human Phase I/IIa clinical trial of CMND-100, targeting alcohol use disorder (AUD). The trial aims to start in Q2 2023 if approved. CMND-100's active ingredient, MEAI, is a novel psychoactive molecule that shows promise in reducing alcohol consumption through interactions with serotonergic and adrenergic receptors. The treatment addresses a significant healthcare issue, with 28 million adults in the U.S. facing AUD, leading to substantial economic losses.
Clearmind Medicine Inc. (Nasdaq: CMND) has appointed Professor Henry R. Kranzler, M.D., to its Scientific Advisory Board. Professor Kranzler, a leading expert in addiction medicine, serves at the University of Pennsylvania and has extensive experience in the genetics and pharmacological treatment of substance dependence. His appointment is seen as a strategic move to enhance Clearmind's development of psychedelic-derived therapeutics for alcohol use disorder and other substance use treatments. Clearmind is focused on addressing major health issues through innovative drug candidates, bolstered by its portfolio of 13 patent families.
Clearmind Medicine Inc. (NASDAQ: CMND) announced the submission of three provisional patent applications to the USPTO for unique psychedelic-based compounds in collaboration with SciSparc Ltd. The applications focus on combinations of MDMA, Ibogaine, and Ketamine with Palmitoylethanolamide (PEA), aiming to expand their intellectual property (IP) portfolio within the psychedelic space. Clearmind currently holds 29 patents in 13 families, with plans for further innovation in mental health treatments. CEO Dr. Adi Zuloff-Shani emphasized the goal of addressing unmet patient needs through innovative medicine.
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