The 5 constituents in the munKNEE Psychedelic Drug Stocks Index were up 2.3%, on average, last week and are now up 1.8% MTD. Below is how each constituent stock performed week ending January 12th and MTD, along with their market capitalizations and any recent  news, commentary and/or analysis on each company:

1. Atai Life Sciences (ATAI): up 19.5% last week; up 39.0% MTD
   • is focused on the use of ketamine, DMT and ibogaine.  Go here for much more extensive information on Ketamine and here for much more extensive information on DMT.
   • Market Capitalization: $332M
   • Latest News, Commentary and/or Analysis:
     • atai Life Sciences Announces Strategic Investment in Beckley Psytech
2. GH Research (GHRS): up 12.3% last week; up 4.0% MTD
   • is primarily focused on the use of mebufotenin, the new International non-proprietary name for 5-MeO-DMT, which stands for 5-MethOxy-N,N-DiMeThyltryptamine.
   • Market Capitalization: $297M
   • Latest News, Commentary and/or Analysis:
     • We're Hopeful GHRS Uses Its Cash Wisely
3. Incannex Healthcare (IXHL): up 4.9% last week; down 7.3% YTD
   • is researching and developing therapies and products with the world's largest portfolio of medicinal cannabinoid and psychedelic pharmaceutical products.
   • Market Capitalization: $1.7B
   • Latest News, Commentary and/or Analysis:
     • Clarion Clinics Receives Endorsement for First Psychedelic-Assisted Therapy Clinic in Australia
4. Mind Medicine (MNMD): down 3.2% last week; up 8.2% MTD
   • is primarily focused on the use of LSD and MNMA. Go here for much more extensive information on LSD and here for much more extensive information on MNMA.
   • Market Capitalization: $160M
   • Latest News, Commentary and/or Analysis:
     • MindMed Announces Business Update and Anticipated Milestones for 2024
5. Compass Pathways (CMPS): down 5.6% last week; down 3.5% MTD
   • is focused on the use of psilocybin (magic mushrooms) in their research. Go here for much more extensive information on Psilocybin.
   • Market Capitalization: $530M
   • Latest News, Commentary and/or Analysis:
   • Compass Pathways and Greenbrook TMS enter into three-year research collaboration agreement

Summary

The munKNEE Psychedelic Drug Stocks Index went up 2.3% last week and is now up 1.8% MTD.

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