NASDAQ:MNMD - Nasdaq - CA60255C8850 - Common Stock - Currency: USD
Kennedy has previously advocated for decriminalizing psychedelics for therapeutic use, citing his son’s positive experience with the hallucinogenic brew ayahuasca.
The Senate will vote Thursday on whether to put RFK Jr. in charge of health. It's unclear how he will impact biotech stocks.
The brokerage also pointed to potential large-scale expansion opportunities and emphasized the growing acceptance of psychedelics in future treatment paradigms.
AI and psychedelic medicine are merging, with research showing AI's role in drug discovery, trials, and personalized mental health care.