Psychedelic Stocks Index Popped 8% Last Week, Led By Incannex

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The 5 constituents in the munKNEE Psychedelic Compound-Based Drug Stocks Index jumped 8.1%, on average, last week.  The best week was had by Incannex Healthcare's 47.2% increase based on 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 driving the Index up 23.3% YTD.

Below is how each constituent stock performed last week, in descending order, and YTD, plus any recent news, commentary, and/or analysis on each company:

  1. Incannex Healthcare (IXHL): up 47.2% last week; Unchanged YTD
  2. Mind Medicine (MNMD): up 11.6% last week; up 34.4% YTD
    • 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.
    • Latest News, Commentary and/or Analysis: None
  3. Atai Life Sciences (ATAI): up 3.0% last week; up 30.5% YTD
    • 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.
    • Latest News, Commentary and/or Analysis: None
  4. Compass Pathways (CMPS): up 1.8% last week; up 20.1% YTD
  5. GH Research (GHRS): down 0.6% last week; up 37.9% YTD

Summary

The munKNEE Psychedelic Drug Stocks Index went up 8.1% last week and is now up 23.3% 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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