Mind Medicine (MindMed) Inc N.MMED.WR

How do psychedelic companies make money?

[Jiminee]

I see three types of activities and some companies will have all three.

1) growing, producing, manufacturing drugs
2) psychotherapy services accompanying use of drugs
3) associated services, eg media, patient management, etc.

(1) I know drugs are being patented, but how different will these drugs --- even if they are synthesized -- be from what can be bought on the grey market, as now occurs for marijuana which underprices the legal product?

(2) I wonder how profitable these services can be. Also, stand alone psychotherapists, with much lower overheads, could compete directly with these companies.

(3) What kind of companies here will be profitable?

Thankyou for your assistance.

[Eskimoman]

......I look at it this way and i am probably way over simplifying it...but in some ways you have answered your own question imo.....i brake it down to three catagories........the companies doing the research/clinical trials.....like Mindmed, Compass, Cybin,Tryp, etc.....thoes type of companies have zero revenue and will need millions to keep going......the next would be the ones doing research

[TeddyTenBags]

Number 1 is really the only blockbuster moneymaker in the space, but you're thinking about it all wrong, especially by comparing to marijuana. The big play here is pharmaceutical. Whereas the big play for weed was recreational. For the most part, at least to start in the next 5+ years, these drugs will predominantly be used in a clinical setting. Many of these drugs/therapies will be

[Eskimoman]

...totally agree.....there is a real possibilty of psychedelics changing the world....not long till big pharma moves in or they'll get left behind imo....the methods of treating mental health are going to change.....and probably for the better......glta

[GajjarDr]