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How Clearmind (CMND) Stock Is Securing A Stronger Position

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Currently enjoying a significant upswing on the American stock market, Clearmind Medicine Inc. (NASDAQ: CMND) is in a strong position. As of the most recent update during the current trading session, Clearmind’s stock has experienced a noteworthy 42.03% rise, culminating in a trading value of $2.94. This encouraging trend for CMND shares comes after Clearmind played a crucial role in an important conference.

With great pride, Clearmind (CMND) announces today that its Type A meeting with the US Food and Drug Administration (FDA) has concluded successfully. The company’s clinical study of the patented CMND-100 chemical, based on MEAI, intended to treat Alcohol Use Disorder (AUD) through its novel psychedelic-based therapy, was the main topic of discussion during this conference.

Clearmind confirms that they had an intelligent and fruitful conversation with the FDA recently. The business is now prepared to move forward with U.S. regulatory approval, providing millions of people who are struggling with AUD with a possible ray of hope. The innovative method used by Clearmind seeks to overcome the problems with the available therapy choices.

Concurrently, Clearmind considers its successful partnership with SciSparc in 2023. CMND began the year by submitting six provisional patent applications to the USPTO, which described novel blends of upcoming psychedelic-derived substances. These applications represent a calculated step in Clearmind’s continuing collaboration with clinical-stage pharmaceutical firm SciSparc, which specializes in treating disorders of the central nervous system.

The submitted patent applications are in line with Clearmind’s objective to provide safer and more efficient therapies, enhancing the therapeutic alternatives available to patients suffering from mental health illnesses by growing its portfolio of intellectual property (IP). The goal of this endeavor is to create transformational medications that minimize expenses while providing safety, effectiveness, and synergy.

Any assets resulting from this partnership will be jointly held by Clearmind and SciSparc, in accordance with the collaboration agreement announced on March 8, 2022, demonstrating their continued dedication to delivering cutting-edge solutions in the industry.

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