RE: Lets get a USA listing asap27 Dec 2025 13:56
With Solvonis having funding from NIH and the recent America grant funding.
Look at the $31 million in R&D costs that mind medicine have had to cover.
Upside here is truly mindblowing
MindMed’s fiscal 2025 third-quarter update, released on Nov. 6, reflected a company firmly in an investment and development phase rather than one focused on near-term results. The pre-revenue biotech posted a loss of $0.78 per share, wider than last year’s $0.27 loss and below Wall Street’s $0.52 estimate. The miss was not about stalling science, but it was about spending with intent.
Research and development costs surged from $17.2 million in Q3 2024 to $31 million, driven largely by an $11.7 million jump in MM120 program expenses, alongside higher internal staffing costs as the company scaled its R&D engine. General and administrative expenses followed suit, nearly doubling annually to $14.7 million, reflecting heavier investment in people, commercial readiness, and corporate infrastructure. In short, MindMed spent more because it chose to move faster.