Pharma & Biotech
Pharma & Biotech
10:25 Tue 28 Jun 2022
Numinus Wellness looking to position itself at the forefront of psychedelics for healing and wellness
Numinus Wellness Inc has created a North American integrated business delivering mental health wellness services through clinics offering safe, evidence-based psychedelic-assisted therapies. Controlled doses of psychoactive agents under careful supervision are used as part of structured therapy programs. These aim to help people with depression, anxiety, trauma, pain and substance use.
The acquisition of Novamind, a US business, was completed on 10 June. The combined business has C$11.9mln of annualized historic revenues. The acquisition gives Numinus a further eight US clinics in Utah and Arizona, 13 now in total, two more will open soon, plus two clinical research facilities, and a production unit for controlled substances.
Numinus’s Utah clinics have launched a pilot program to help businesses improve employee mental health by offering ketamine-assisted psychotherapy (KAP) for eligible employees with treatment-resistant depression. This operates in partnership with Utah-based HempLucid (video). HempLucid covers the cost of ketamine and leverages its existing healthcare insurance plan to support the therapy component of KAP. Enabling insurance coverage is a key element of Numinus’s growth plans.
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John Savin, a research analyst at Proactive, joined Katie to talk about Numinus Wellness. Numinus runs five psychedelic wellness clinics in Canada and is on the verge of a major acquisition. Click here to read analyst John Savin PhD latest report on "Numinus Wellness Inc surging into the…
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