MindMed announces its year-end results for 2020, cash-on-hand at US$161 million, including a total cash burn for 2020 of US$24.2 million.
The COVID pandemic is making the need for psychedelic drugs and the commercial potential of the industry much greater. But there is a catch.
Compass is granted two psilocybin formulation patents, for treatment-resistant depression and major depressive disorder.
It was the late Robin Williams who once said, “Reality is just a crutch for people who can’t handle drugs.”
Andrew Yang, a former 2020 Democratic presidential candidate who is now running for mayor of New York City, said in a recent campaign forum that he supports legalizing psilocybin and marijuana.