Bright Minds BiosciencesDRUG
About: Bright Minds Biosciences Inc is focused on developing novel transformative treatments for neuropsychiatric disorders, epilepsy, and pain. The company has a portfolio of next-generation serotonin agonists designed to target neurocircuit abnormalities that are responsible for difficult to treat disorders such as resistant epilepsy, treatment resistant depression, PTSD, and pain. The company's drugs have been designed to potentially retain the powerful therapeutic aspects of psychedelic and other serotonergic compounds, while minimizing the side effects, thereby creating superior drugs to first-generation compounds, such as psilocybin.
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
76,659% more capital invested
Capital invested by funds: $230K [Q3] → $176M (+$176M) [Q4]
2,400% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 1
400% more funds holding
Funds holding: 6 [Q3] → 30 (+24) [Q4]
76.25% more ownership
Funds ownership: 4.29% [Q3] → 80.54% (+76.25%) [Q4]
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
HC Wainwright & Co. Patrick Trucchio 20% 1-year accuracy 10 / 51 met price target | 141%upside $85 | Buy Reiterated | 19 Feb 2025 |
Piper Sandler Yasmeen Rahimi 42% 1-year accuracy 10 / 24 met price target | 163%upside $93 | Overweight Initiated | 23 Jan 2025 |
Financial journalist opinion









