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Mind Medicine (MindMed) Inc MNMD

Alternate Symbol(s):  N.MMED.WS | N.MMED | N.MMED.WA | N.MMED.WR

Mind Medicine (MindMed) Inc. is a clinical-stage biopharmaceutical company, which is engaged in developing products to treat brain health disorders. It is developing a pipeline of product candidates, with and without acute perceptual effects, targeting neurotransmitter pathways. This specifically includes pharmaceutically optimized product candidates derived from the psychedelic and empathogen drug classes, including MM-120 and MM-402, the Company's product candidates. MM120, is a proprietary, pharmaceutically optimized form of lysergide D-tartrate that it is developing for the treatment of generalized anxiety disorder (GAD). MM-120 is also being studied in a subperceptual repeat administration dosing regimen for the treatment of attention deficit hyperactivity disorder (ADHD). MM-402, also referred to as R(-)-MDMA, is the Company's form of the R-enantiomer of 3,4-methylenedioxymethampheta (MDMA), which the Company is developing for the treatment of autism spectrum disorder (ASD).


NDAQ:MNMD - Post by User

Bullboard Posts
Post by grumpymonkey007on Jan 13, 2011 8:34am
419 Views
Post# 17964591

Has the appearance of being slightly underhanded

Has the appearance of being slightly underhandedFirst release states:
- having troubles recruiting competent people for underground development
- slipping schedule on underground development
- reduced production for Q4
- reiterates previous M&I resources for BF (even though we know they've been drilling)

so naturally the stock takes a dive.

Then, surprisingly less than a week later a second release:
- nice drill results come in for BF

To my mind the first release implied that drill results to date had not found anything worth mentioning.  That would have been an excellent trading time for any one who was aware the impending second announcement...
Bullboard Posts