Good call. Psychedelics are about to be a multi-billion dollar industry and EMD is at the forefront of it. Here are some excerpts you guys might find interesting!
Atai Life Sciences, a Berlin-based company backed by tech investor Peter Thiel, announced plans in late April to raise $US100 million ($129 million) in an initial public offering.
New York-based MindMed, which already trades on the Canadian and German exchanges, moved on to Nasdaq last week. They will join London-based Compass Pathways, also backed by Thiel, which joined Nasdaq last September.The quoted psychedelic companies, which also include Canadian companies Cybin, Field Trip Health and Numinus Wellness, together have a market value of more than $US3.5 billion.Compass and MindMed are the biggest pure-plays, though drug giant Johnson & Johnson also figures. Its ketamine-derived depression treatment Spravato was designated a breakthrough therapy by US regulators in 2019.Compass’ formulation of synthetic psilocybin, the psychedelic ingredient found in magic mushrooms, also secured that designation.A small trial by British scientists found in April it was at least as effective as a leading antidepressant drug. Peak sales could be more than $US2.5 billion, says Berenberg.
The global market for psychedelic drug treatments will nearly triple to $US7.6 billion in the eight years to 2028, predicts Data Bridge Market Research.
With EMD in bed with MindMed it's only a matter of time before a rerate. Most of these catalysts are due in a matter of months as noted by other posters. Absolutely tiny market cap for the clinical dataset they are leveraging. Management are credible and one has been involved in a company that was acquired at a huge valuation. My conservative predictions are circa $1.00 by Q3 /we this year possible with success on any one of their many irons in the ... After that, this could well be the next RACE in 12 months.
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Good call. Psychedelics are about to be a multi-billion dollar...
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