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Everyone said ‘no’ to MindMed, now it’s worth $2 billion with ‘unicorn’ status

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MindMed (MMED.NE) has gone beyond the $2 billion market cap on Monday when shares rose 35% by noontime. Year-to-date, the business's stock rose greater than 10 times, from 53 cents in March to $5.60 by the end of the trading day.

JR Rahn, founder and co-CEO informs his tale of taking this biotech from beginning to 'unicorn' condition in under 3 years.

0:00 – What is driving supply rise?
2:55 – Risks?
5:12 – Source of capital flows
6:55 – Origins of MindMed
11:07 – Getting over rejection
13:13 – Development of market as well as future of MindMed
17:11 – Psychedelics are damaging?
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Everyone said ‘no’ to MindMed, now it’s worth $2 billion with 'unicorn' status

MindMed (MMED.NE) has surpassed the $2 billion market cap on Monday when shares surged 35% by midday. Year-to-date, the company’s stock rose more than 10 times, from 53 cents in March to $5.60 by the end of the trading day.

JR Rahn, founder and co-CEO tells his story of taking this biotech from inception to ‘unicorn’ status in under 3 years.

0:00 - What is driving stock surge?
2:55 - Risks?
5:12 - Source of capital flows
6:55 - Origins of MindMed
11:07 - Overcoming rejection
13:13 - Growth of industry and future of MindMed
17:11 - Psychedelics are harmful?
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.