Image Source: Pixabay

After a pretty sharp slide from the end of July to mid-October, the 5 constituents in the munKNEE Psychedelic Drug Stocks Index are bouncing - up 22% on average last week. Here's how they rank, in descending order, according to their performances last week, along with any pertinent news affecting that performance.

1. Mind Medicine (MNMD): up 25.0% last week
   • 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.
   • Read: MindMed Reports Third Quarter 2023 Financial Results and Business Highlights
2. Atai Life Sciences (ATAI): up 24.5% last week
   • 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.
   • Read: atai Life Sciences Reports Second Quarter 2023 Financial Results and Operational Highlights
3. GH Research (GHRS): up 22.9% last week
   • 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.
   • Read: GH Research Reports Second Quarter 2023 Financial Results and Provides Business Updates
4. Compass Pathways (CMPS): up 21.2% last week
   • is focused on the use of psilocybin (magic mushrooms) in their research. Go here for much more extensive information on Psilocybin.
   • Read: Compass Pathways PLC (CMPS) Reports Q3 2023 Financial Results and Business Highlights
5. Incannex Healthcare (IXHL): up 10.0% last week
   • is researching and developing therapies and products with the world's largest portfolio of medicinal cannabinoid and psychedelic pharmaceutical products.

Summary

The munKNEE Psychedelic Drug Stocks Index was up 22.0% last week (down 6.5% the previous week) and is now down 18.1% YTD.

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