Stocks Market: MindMed Announces the Start of the First-Ever Clinical Trial Combining MDMA and LSD
Full: Disclosure: I own shares of MMEDF.
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Update: Since it's achieved a listing on the NASDAQ, the symbol has been changed to MNMD.
S E E D E D C O N T E N T
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BASEL, Switzerland , Jan. 20, 2021 /PRNewswire/ -- MindMed (NEO: MMED), (OTCQB: MMEDF ), (DE: MMQ), a leading psychedelic medicine biotech company, announced today the start of the first ever clinical trial measuring and evaluating MDMA and LSD used in combination in the human body. The trial will be conducted at the University Hospital Basel Liechti Lab, in Basel, Switzerland .
If administered in combination with LSD, MDMA may increase positive subjective drug effects, including positive mood and empathy, and reduce the negative emotions and anxiety that are sometimes associated with LSD - producing an overall more positive experience.
MindMed is undertaking a Phase 1 clinical trial to evaluate if MDMA, when balanced and used in combination with LSD, can help offset some of the known potential unpleasant effects of LSD that occur in therapy or clinical settings. MindMed is interested in understanding how to balance both MDMA and LSD in a cohesive way to create better patient outcomes, and develop more advanced psychedelic assisted therapies, as MindMed expands both its R&D and commercial drug development pipeline. The study is anticipated to take around one year to complete.
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BASEL, Switzerland , Jan. 20, 2021 /PRNewswire/ -- MindMed (NEO: MMED), (OTCQB: MMEDF ), (DE: MMQ), a leading psychedelic medicine biotech company, announced today the start of the first ever clinical trial measuring and evaluating MDMA and LSD used in combination in the human body.
If administered in combination with LSD, MDMA may increase positive subjective drug effects, including positive mood and empathy, and reduce the negative emotions and anxiety that are sometimes associated with LSD - producing an overall more positive experience.
There have already been studies indicating positive effects of certain Hallucinogens. (IIRC they have beenshown to be highly effective in easing symptoms of PTSD).
The challenge now, however, is to find a way to keep the clinical benefits but without having the product "getting the user 'high' ". (This has already been accomplished with Cannabis, but it will probably be a while before this can be accomplished with Hallucinogenic substances)
MindMed is undertaking a Phase 1 clinical trial to evaluate if MDMA, when balanced and used in combination with LSD, can help offset some of the known potential unpleasant effects of LSD that occur in therapy or clinical settings.
MindMed is interested in understanding how to balance both MDMA and LSD in a cohesive way to create better patient outcomes, and develop more advanced psychedelic assisted therapies, as MindMed expands both its R&D and commercial drug development pipeline.
The study is anticipated to take around one year to complete.
Gee Krishna---------I can not resist this bait to go completely off topic......But.....I am assuming the market for this product may have the most potential when it is also available with ( the high ) aspect for the disillusioned Q and MAGA folk? Could I be wrong?
Yes, you could be wrong.
OTOH...maybe you're right!
Deserves a bit of pondering, doesn't it?
Well as most of the MAGA-terrorists are obviously pretty unstable to begin with, my gue sis that most of them are already heavy drug users and alcoholics.
Probably those sorts of nutcases are big users of Meth? (Well, the ones with money may be Coke addicts..).
Actually the main legitimate medicinal benefit discovered so far seems to be for PTSD.
MDMA (now more commonly known as "Ecstasy" or "XTC") was called ecstasy for a reason. When you're high you do feel exstatic...often euphoric!. So its great for anxiety, and more serious things like PTSD.
IIRC, this is due to certain neurotransmitters:
What is MDMA?
3,4-methylenedioxy-methamphetamine (MDMA) is a synthetic drug that alters mood and perception (awareness of surrounding objects and conditions). It is chemically similar to both stimulants and hallucinogens, producing feelings of increased energy, pleasure, emotional warmth, and distorted sensory and time perception.
MDMA was initially popular in the nightclub scene and at all-night dance parties ("raves"), but the drug now affects a broader range of people who more commonly call the drug Ecstasy or Molly.
The 3 neurotransmitters:
How doe s MDMA affect the brain?
MDMA increases the activity of three brain chemicals:
Dopamine —produces increased energy/activity and acts in the reward system to reinforce behaviors
Norepinephrine —increases heart rate and blood pressure, which are particularly risky for people with heart and blood vessel problems
Serotonin —affects mood, appetite, sleep, and other functions. It also triggers hormones that affect sexual arousal and trust. The release of large amounts of serotonin likely causes the emotional closeness, elevated mood, and empathy felt by those who use MDMA.
Serotonin makes you feel really mellow, calm and happy! I believe that Norepinephrine is an upper, very energizing, and its its that plus the Dopamine that makes it ideal for raves.
Well I don't know if what I've been feeling since I bought the stock could be called exactly "euphoric"-- but at times I've felt, say...perhaps...a bit ecstatic.
Oh-- I "inadvertently" forgot to mention my cost basis-- its 35
Next up?
Maybe Silver... Heh
Update: Since it's achieved a listing on the NASDAQ, the symbol has been changed to MNMD.