Largest Psychedelic Compound-Based Drug Stocks Up 15% In February; Now Up 33% YTD
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The 5 constituents in the munKNEE Psychedelic Compound-Based Drug Stocks Index were UP 15.0%, on average, in February led by Incannex Healthcare that was UP 55.1% as a result of the successful completion of a pre-IND (Investigational New Drug) meeting with the U.S. Food and Drug Administration (FDA) regarding the development of CannQuit-N for tobacco smoking cessation and control of relapse.
Below is how each constituent stock performed in February, in descending order, and YTD, plus any recent news, commentary, and/or analysis on each company:
- Incannex Healthcare (IXHL): UP 55.1% in February; UP 17.0% YTD
- is researching and developing therapies and products with the world's largest portfolio of medicinal cannabinoid and psychedelic pharmaceutical products.
- Latest News, Commentary and/or Analysis:
- Mind Medicine (MNMD): UP 48.2% in February; UP 56.3% YTD
- GH Research (GHRS): UP 16.6% in February; UP 52.6% YTD
- 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.
- Latest News, Commentary and/or Analysis:
- Atai Life Sciences (ATAI): UP 9.0% in February; UP 37.6% YTD
- Compass Pathways (CMPS): DOWN 8.9% in February; UP 17.4% YTD
- is focused on the use of psilocybin (magic mushrooms) in their research. Go here for much more extensive information on Psilocybin.
- Latest News, Commentary and/or Analysis:
Summary
The munKNEE Psychedelic compound-Based Drug Stocks Index went UP 15.0% in February and is now UP 32.8% YTD.
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Disclosure: None
This article has been composed with the exclusive application of the human intelligence (HI) of the author. No artificial intelligence (AI) technology has been deployed. ...
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