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A decade after it was founded as a wholly-owned subsidiary of the Multidisciplinary Association for Psychedelic Studies (MAPS), MAPS Public Benefit Corporation has secured over $100 million in a Series A private stock sale. The funds will support the final stages of its application for regulatory approval to sell MDMA, also known as ecstasy, as a treatment for post-traumatic stress disorder (PTSD).
MAPS has incubated the only psychedelic-assisted therapy research program that has completed two successful Phase 3 studies and submitted a New Drug Application to the FDA. Find out more HERE.
In a groundbreaking move, the U.S. Department of Veterans Affairs (VA) is launching new studies on using psychedelic compounds to treat post-traumatic stress disorder (PTSD) and depression among military veterans. This marks a significant shift for the VA, representing the first such research since the 1960s, reported Military Times.
This new VA-backed effort will delve deeper into "the effectiveness and safety of using MDMA and psilocybin-augmented psychotherapy in veterans," as the VA release outlined. Keep reading HERE.
Key players and influential figures worldwide are helping drive innovation and acceptance around psychedelic medicines. Trailblazers in this industry come from diverse backgrounds including scientists, investors, advocates, publicists, journalists and policy reformers.
This list of 30 standouts includes some of the biggest movers and shakers from various countries and companies, ranging from emerging startups to major corporations whose work collectively underscores the global scope of this mental health movement centered on psychedelic therapy. Though not exhaustive, this cross-section of global leaders provides key insights into progress and potential yet to come.
Parallel to recent federal decisions by President Biden and the VA, state-level psychedelics policy reform is moving fast throughout the country.
Since our previous update and as of Jan. 9, 2024, the latest moves are taking place in Arizona, California, Illinois, Indiana, Massachusetts, Missouri, Nevada, New Hampshire, New York, Rhode Island, Virginia, Washington and Wisconsin. Follow each state’s progress HERE.
Plus, Ypsilanti became Michigan's fifth city to decriminalize psychedelics through a local resolution.
Cybin's (NYSE:CYBN) two deuterated psychedelic molecules achieved positive topline clinical results.
MindMed's (NASDAQ:MNMD) 2024 Plans: anxiety treatment stands, LSD microdosing for ADHD will be discontinued.
Tryp Therapeutics (OTC:TRYPF) is exploring psilocybin's potential in new clinical trials to treat irritable bowel syndrome and fibromyalgia.
INTERVIEW - Rise of kava, kratom and plant-based products: is this company shaping a new wellness trend?
INTERVIEW - Could ayahuasca be the key to better corporate leadership? This company has an interesting approach.
See Also: Last Week's Edition Of 'Psyched'
AdvisorShares Psychedelics ETF (NYSE:PSIL) opened Monday, Jan. 8 at $1.41, following prior weeks’ openings at $1.42, $1.42 and $1.34 (Jan. 2, Dec. 26 and Dec. 18, respectively.)
On Friday, Jan. 12 it closed at $1.47, following prior closings at $1.44, $1.39 and $1.42 (Jan. 5, Dec. 29 and Dec. 22, respectively.)
Week’s highest was $1.64 on Tuesday, Jan. 9, higher than three prior weeks’ highest at $1.62, $1.45 and $1.43.
Week’s lowest was an opening price $1.41, also higher than prior weeks’ lowests at $1.35, $1.32 and $1.32.
COMPASS Pathways (NASDAQ:CMPS) closed at $8.44, falling from prior closings at $8.76, $8.75 and $8.75.
GH Research (NASDAQ:GHRS) closed at $6.03, jumping from prior closings at $5.37, $5.80 and $5.49.
Incannex Healthcare (NASDAQ:IXHL) closed at $4.30, again in the upward trend considering prior closings at $4.10, $4.64 and $3.92.
Mind Medicine (MindMed) (NASDAQ:MNMD) closed at $3.96, slightly behind prior week’s close at $4.13, yet still higher than two- and three-weeks-past ones at $3.69 and $3.57.
Atai Life Sciences (NASDAQ:ATAI) closed at $1.96, up from prior closings at $1.64, $1.41 and 1.40.
Bright Minds Biosciences (NASDAQ:DRUG) closed at $1.93, up from immediately prior closings at $1.68, $1.43 and $1.50.
Silo Pharma (NASDAQ:SILO) closed at $1.45, almost evening past three weeks’ closings at $1.46, $1.44 and $1.60, respectively.
Seelos Therapeutics (NASDAQ:SEEL) closed at $1.44, similar to prior closings at $1.34, $1.43 and $1.56.
Clearmind Medicine (NASDAQ:CMND) closed at $1.34, a considerable fall as per prior closings at $2.28, $2.85 and $2.95.
Enveric Biosciences (NASDAQ:ENVB) closed at $1.27, continuing the trend as per prior weeks’ closings at $1.27, $1.30 and $1.32.
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Posted In: ATAI CMND CMPS CYBN DRUG ENVB GHRS IXHL MNMD PSIL SEEL SILO TRYPF