Psychedelic stocks, like Mind Med (MNMD) could see higher highs.
All as such treatments show progress in the treatment of depression, anxiety, OCD, ADHD addiction, and post-traumatic stress disorder.
In fact, “Researchers at Johns Hopkins and NYU conducted multiple small studies of cancer patientswho experienced anxiety and depression as a result of their diagnoses. After giving these patients psilocybin, the majority reported an improvement in these symptoms immediately after treatment and over time,” reports Insider.com.
- A study from JAMA Psychiatry just found that psilocybin “worked better than the usual antidepressant medications,” as noted by NPR.
- New York Univ. found “Psilocybin produced immediate, substantial, and sustained improvements in anxiety and depression and led to decreased in cancer-related demoralization and hopelessness, improved spiritual well-being.”
- Even the US FDA called psilocybin a breakthrough therapy.
While the MNMD stock didn’t do so hot on its first day on the NASDAQ, give it time. If psychedelic treatments gain traction – as expected – MNMD could easily see higher highs. Plus, if psychedelics can disrupt current treatments of anxiety, ADHD addition, and depression, MNMD could be exposed to multi-billion-dollar opportunities.
Global annual anxiety drug sales are up to $4.7 billion, according to the company’s investor deck. Global annual ADHD sales are up to $9.5 billion. Anti-addition drug sales are up to $5.8 billion. Global depression drug sales are up to $9.6 billion.
