NeonMind Announces Successful Completion of Pre-IND Consultation with FDA on Clinical Path for Obesity Drug Candidate NEO-001
NeonMind Announces Successful Completion of Pre-IND Consultation with FDA on Clinical
Path for Obesity Drug Candidate NEO-001
● FDA feedback provides clear clinical path for NEO-001, the first obesity drug therapy focused on
neuropharmacological and behavioral changes for sustainable weight loss
● Company plans to file an IND application for a Phase 1/2 clinical study anticipated to start in
H1’2022
Vancouver, B.C. – November 23, 2021: NeonMind Biosciences Inc. (CSE: NEON) (OTCQB: NMDBF) (FRA:
6UF) (“NeonMind'' or the “Company”), an integrated drug development and wellness company focused
on the potential therapeutic uses of psilocybin for treating obesity and weight management conditions,
announced today it successfully completed a pre -Investigational New Drug (IND) consultation with the
U.S. Food and Drug Administration (FDA), regarding proposed clinical trials for NeonMind’s lead obesity
drug candidate, NEO-001. The Company expects to initiate a Phase 1/2 clinical study in the first half of
2022.
“We are extremely pleased with the FDA’s feedback and the outcome of the pre-IND consultation, which
validated the scientific hypothesis and clinical approach developed by the NeonMi nd team. The FDA
provided helpful feedback and constructive recommendations for the next steps in our development plan.
We appreciate the FDA’s guidance and are on track to bring the first and only psychedelic-based treatment
for obesity into clinical tria ls,” said Robert Tessarolo, President & CEO of NeonMind. “In parallel with an
IND submission, we plan to engage with a Contract Research Organization and qualify clinical sites to
move expeditiously into a Phase 1/2 Proof-of-Concept study.”
The pre-IND consultation offered feedback for NeonMind to execute on measurable clinical development
milestones for its NEO -001 clinical program. The FDA acknowledged the study rationale and potential
therapeutic opportunity of NEO-001 for the treatment of obesity, and t he justification to advance into
human clinical trials. NeonMind will incorporate the FDA’s recommendations and does not expect any
impact on the timing of the proposed NEO-001 clinical program. NeonMind's proprietary therapy will be
the first psychedelic program in humans to target a large population of patients struggling with
sustainable weight management.
NEO-001, the Company’ lead drug candidate targeting obesity, is a high -dose psilocybin treatment
coupled with behavioral therapy and lifestyle intervention, which aims to improve the efficacy of chronic
weight management in adults. The Company has identified a regulatory strategy, including a target
indication and product profile, which it believes will best position NeonMind as it advances its first le ad
candidate through development.
About NeonMind Biosciences Inc.
NeonMind operates two divisions: (i) a pharmaceutical division engaged in drug development of
psychedelic compounds with two lead psilocybin-based drug candidates targeting obesity; and (ii) a
medical services division focused on launching specialty mental health clinics that integrate psychedelic
therapeutics into traditional psychotherapy settings.
In its pharmaceutical division, NeonMind has two distinct psilocybin drug development programs
targeting obesity. NeonMind’s lead candidate, NEO-001, employs psilocybin as an agonist at the
serotonin 5- HT2A receptor, which is involved in the hallucinogenic effect of psychedelics. The
Company’s second drug candidate, NEO-002, employs low-dose psilocybin as an agonist at the 5-HT2C
receptor, which controls appetite.
NeonMind, and its strategic medical services partner, SRx Health Solutions, expect to launch NeonMind-
branded specialty mental health clinics in Canada that incorporate evidence-backed innovative
treatments to address a variety of mental health needs. For more information on NeonMind, go to
www.NeonMindBiosciences.com.
Rob Tessarolo, President & Chief Executive Officer, NeonMind Biosciences Inc.
Tel: 416-750-3101
Investor Relations:
KCSA Strategic Communications
Scott Eckstein/Tim Regan
Tel: 212-896-1210
The Canadian Securities Exchange has not reviewed, approved nor disapproved the contents of this news
release.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These
statements relate to future events or NeonMind’s future performance. The use of any of the words "could",
"expect", "believe", "will", "projected","estimated" and similar expressions and statements relating to
matters that are not historical fact s are intended to identify forward-looking information and are based
on NeonMind’s current belief or assumptions as to the outcome and timing of such future events. Actual
future results may differ materially. In particular, NeonMind’s drug development plans, its ability to retain
key personnel, and its expectation as to the development of its intellectual property and other steps in its
preclinical and clinical drug development constitute forward-looking information. Actual results and
developments may dif fer materially from those contemplated by forward -looking information. Readers
are cautioned not to place undue reliance on forward-looking information. The statements made in this
press release are made as of the date hereof. NeonMind disclaims any intent ion or obligation to publicly
update or revise any forward-looking information, whether as a result of new information, future events
or otherwise, except as may be expressly required by applicable securities laws.