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MindMed (Nasdaq: MNMD), a psychedelic medicine biotech firm, has published the first pharmacogenetic data on LSD, which may help personalize dosing for patients. The study analyzed data from four Phase 1 trials conducted at the University Hospital Basel, revealing that genetic factors, especially CYP2D6 variations, significantly influence LSD metabolism and its psychological effects. The findings suggest that metabolic testing can inform individual LSD dosing. This research is a critical step in developing LSD as a medication, emphasizing the need for tailored patient treatment.
On May 5, 2021, Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) announced the launch of Project Angie to advance psychedelics, particularly LSD, for treating pain conditions. The company will initiate a Phase 2a Proof of Concept study, submitting a pre-IND briefing to the FDA in the latter half of 2021. With the global analgesics market projected to grow by over $31 billion by 2030, MindMed seeks to innovate within the pain treatment sector. Preliminary studies indicate psychedelics may offer a novel treatment mechanism for pain relief.
