•
Mar 31, 2022

MindMed Q1 2022 Earnings Report

MindMed reported financial results for Q1 2022 and provided business highlights.

Key Takeaways

MindMed reported its Q1 2022 financial results, highlighting progress in advancing clinical programs for lead drug candidates, strengthening the leadership team, and securing a cash runway through key clinical readouts in 2023 and into 2024.

Advanced clinical programs for three lead drug candidates.

Strengthened leadership team with the appointment of Francois Lilienthal, MD as Chief Commercial Officer.

Cash runway through key clinical readouts in 2023 and into 2024.

Initiated Study MMED008, a Phase 2b dose-optimization trial of MM-120 for the treatment of GAD.

EPS
-$0.6
Previous year: -$0.6
+0.0%
Net Cash Used in Operations
$12.9M
Previous year: $10M
+29.0%
R&D Expenses
$10.2M
Previous year: $6.81M
+50.3%
G&A Expenses
$8.26M
Previous year: $7.04M
+17.5%
Cash and Equivalents
$120M
Total Assets
$149M

MindMed

MindMed