MindMed reports Q3 2025 results and updates cash position

Reuters11-07

MindMed reports Q3 2025 results and updates cash position

Mind Medicine (MindMed) Inc. reported cash, cash equivalents, and investments totaling $209.1 million as of September 30, 2025, down from $273.7 million at the end of 2024. The company completed a public offering on October 31, 2025, with net proceeds of $242.8 million. MindMed stated that these funds are expected to support operations into 2028. Key business developments include ongoing Phase 3 studies of MM120 Orally Disintegrating Tablet $(ODT)$ in generalized anxiety disorder (GAD) with topline data expected in the first and second halves of 2026, and an accelerated topline data readout for the first Phase 3 study of MM120 ODT in major depressive disorder (MDD) now expected in mid-2026. A Phase 2a study of MM402 in autism spectrum disorder (ASD) is planned to begin in the fourth quarter of 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mind Medicine (MindMed) Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251106771034) on November 06, 2025, and is solely responsible for the information contained therein.

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