for anxiety and opioid use disorder, applied for an up-listing on the Nasdaq on Monday.
“Besides psychedelic medicines, there are very few transformative and new approaches to mental health,” says Rahn. “Institutional and Wall Street investors are recognizing that there needs to be novel approaches to these vast problems and if they are psychedelic medicines, so be it.” The company’s founding asset is 18-MC, a non-hallucinogenic version of ibogaine, which has been used in rites passages in West Africa for hundreds of years and more recently as an underground treatment for opioid withdrawal. The company hopes 18-MC could become the “antibiotic for addiction,” says Rahn. Dr. Stanley Glick, the inventor of 18-MC, joined MindMed last year and is preparing a phase two study targeting opioid withdrawal and opioid use disorder.
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