Many Biotech Companies Are Researching On The Therapeutic Potential Of Psychedelics
The entire world is experiencing mental health crisis today. Around 21% of American adults experienced some kind of mental issue last year. Also, treatment for major depressive disorder adds to the burden of approximately $ 326 to the world’s economies annually. The most commonly utilized medications for mental health disorders include SNRIs (selective serotonin reuptake inhibitors), cyclic anti-depressive drugs, and antipsychotic compounds. However, these conventional drugs are not always proven efficient in attaining the remission of symptoms or restoring normal brain functioning. Despite the heavy utilization of prescription drugs for curing mental health illnesses, the suicide rate has already climbed to 35% of ever high over the past four decades. The earliest research on psychedelics began in the 1940s as being re-emerged as possessing high potential for becoming the treatment solution to cure an array of cognitive illnesses. This includes depression, anxiety, PTSD (post-traumatic stress disorder), and diseases related to substance use. Such substances are known to possess the capability to produce hallucinations, as well as experiences for expanding consciousness.
Bright Minds Bio’s Psychedelic Company Stocks Are Listed On NASDAQ Under DRUG Symbol
The biotechnology companies’ efforts to explore the therapeutic potential of these hallucinogenic substances have lain dormant owing to the stigma and the regulatory restrictions that have already been reinstated over the past few decades. Due to this, many companies have listed themselves on the stock exchange. Investors are showing interest in psychedelic company stocks. Some of the leading biotech companies like Bright Minds Bio are discovering, developing, and deploying psychedelic-inspired medications to alleviate patients’ sufferings. The company utilizes intellectual drug design, the most superior and advanced molecular modeling, and rigorous scientific evaluation during the preclinical models.
The Psychedelic Company Stocks Provide Opportunities Owing To Wave Of Novel Transformative Therapies In Mental Health Care Sector
The biotechnology company has initiated one of the most extensive and advanced psychedelic drug discovery-based programs in its history. Also, listing the psychedelic company stock on the NASDAQ under the DRUG symbol is one of its significant milestones achieved, and it is still continuing to advance its innovative drug candidates. This is about the research and innovation for the development of the next generation and improved targeted serotonin-based therapies. Biotechnology companies have already raised millions of dollars to fund their psychedelic compounds research. However, they still need to demonstrate a viable business model by them.
The Long-Term Investors Can Pay Attention Towards Psychedelic Company Stocks
Although the hype around psychedelic company stocks has a cooldown, this industry is still filled with many opportunities. Long-term investors want to take a ride in this wave of novel transformative therapies for curing mental health illnesses and should pay attention to the pipelines of the psychedelic company stocks being launched in this arena. Undeniably, today psychedelic compounds are already moving from their bad reputation and have the potential to become a pharmacy aisle if the regulatory bodies and the investors continue to extend their support.
