- MindBio Therapeutics (CSE:MBIO), a psychedelic healthcare stock, is reporting that patients administered its take-home LSD treatment, MB22001, showed a 65 per cent reduction in depressive symptoms one month after ceasing treatment
- The company is following up the phase 2A result with an ongoing placebo-controlled phase 2B clinical trial
- MindBio Therapeutics is a biotech and biopharma company creating psychedelics-based treatments for mental health conditions
- MindBio stock has given back 69.23 per cent since inception in May 2023
MindBio Therapeutics (CSE:MBIO), a psychedelic healthcare stock, is reporting that patients administered its take-home LSD treatment, MB22001, showed a 65 per cent reduction in depressive symptoms one month after ceasing treatment.
The result is part of MindBio’s phase 2A clinical trial, which used the Montgomery Asberg Depression Rating Scale, a global standard for measuring the severity of depression, to demonstrate MB22001’s excellent safety, adherence and tolerance profile over 8 weeks of treatment.
Phase 2A follows an extensive phase 1 trial in 80 healthy individuals yielding positive safety and tolerance data, in addition to significant improvements in mood and sleep quality, adding to MB22001’s case as an effective psychedelics-based drug for treating depression and staking a claim in the almost US$20 billion global market.
A randomized, triple blind and placebo-controlled phase 2B trial began earlier this year, following a second phase 2B trial focused on cancer initiated in late 2023, both of which are fully funded and will run into 2025. A third trial focused on pre-menstrual syndrome and pre-menstrual dysphoric disorder received regulatory approval in April.
MindBio’s thesis is that sub-hallucinogenic microdosing is a safer, scalable and more effective method to administer psychedelic medicine compared to the standard of care, where patients are given large doses in a clinical setting that require 6-8 hours of therapeutic assistance.
Leadership insights
“We are delighted to discover that MB22001 has shown a sustained antidepressant response one month after cessation of treatment,” Justin Hanka, MindBio’s chief executive officer, said in a statement. “This is good news for our current dosing in phase 2B clinical trials underway and further supportive that we have developed a groundbreaking potential new treatment for depression. This data is another small step towards commercialization.”
About MindBio Therapeutics
MindBio is a biotech and biopharma company creating psychedelics-based treatments for mental health conditions. The company is conducting the world’s first take-home LSD microdosing human clinical trials.
MindBio stock (CSE:MBIO) last traded at C$0.04 per share. The stock has given back 69.23 per cent since inception in May 2023.
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