![]() ![]() Robison put Novamind at the front of the line. “We knew neuro-psychedelics had huge potential and we wanted to start up in the space.” “What we saw at Cedar Psychiatry was a bullet proof medical business,” said Conforti. The licensed therapeutic component to the protocol is usually billable to a patient’s insurance. Novamind, through Cedar Psychiatry (which it acquired J), is currently operating six clinics in Utah which are using Dr. Apparently it’s having encouraging results and can be replicated and scaled up. This idea of taking a patient through a therapeutic session with the aid of a psychoactive drug makes huge sense from a safety and efficacy perspective. The “ medicine allows you to open your mind and break through stubborn barriers in a safe, cozy space with an empathic therapist.” The psychedelic, in this case ketamine, is administered as part of a therapeutic protocol in which a trained, licensed, therapist guides the patient through the experience. ![]() Instead, Cedar Psychiatry uses what it refers to as “ Therapy with Substance”. Simply giving a person with depression ketamine or Spravato™ as a standalone drug is almost certainly pointless and might be slightly dangerous. Robison’s protocol also, in effect, created a business plan for Novamind: create and finance Cedar Psychiatry clinics at scale. The results have been, to say the least, encouraging. Robison has guided thousands of ketamine therapy journeys and hundreds of Spravato™ dosing sessions. Spravato™ is the first, fast-acting, drug for depression and Dr. Robison led a pivotal IV ketamine study for treatment-resistant depression by Janssen, leading up to the company’s recent FDA-approval of Spravato™. Robison had developed what amounted to a complete protocol for the therapeutic use of psychedelics in controlled environments under the supervision of trained practitioners. Through his Cedar clinics he has offered thousands of people relief through the use of ketamine in courses of therapy for depression.ĭr. Robison is a thought leader in the world of therapeutic psychedelics. Reid Robison, an MD and MBA who is the founder of Cedar Psychiatry and Cedar Clinical Research in Salt Lake City, Utah. Suicidal ideation can lead to suicide, depression can lead to suicide, adult eating disorders are a leading cause of death from mental illness.Īnswering the question “Who is treating people today?” led Conforti to Dr. There are literally millions of people who have been diagnosed with a mental health condition and that issue has proven refractory to the current range of drug and other treatment. Here is the thing, depending on which numbers you use, servicing the mental health sector with new protocols for treatment resistant illnesses could be a $5- to $25-billion a year business, or more. This is a meat and potatoes approach to an emerging sector in which it is easy to buy into smoke and mirrors. “In what jurisdiction? And how can we invest?” “Who is treating people today?” Conforti asked. After a very successful career in what he described as “ frontier investing”, Conforti had a very clear idea of what he was looking for in the sector. “In early 2019 we were travelling and attending conferences,” said Conforti. Novamind’s CEO, Yaron Conforti, recognized that a suite of psychoactive drugs were on the track towards legalization for therapeutic use for mental health problems ranging from depression, anorexia and suicidal ideation. The coming legalization and regulation of “psychedelics” is just such an opportunity and just listed Canadian company, Novamind (NM.C) and ( OTCPK:NVMDF) is positioned to participate and prosper. if you feel the same.Investors are not often offered an opportunity to participate in a brand new, multi-billion dollar, industry. I wrote about it to the OmniGuys a couple of times. I personnaly believe that OmniGraffle could become an excellent mindmap software if the layout engine was improved, as well as the conversion back and forth with OmniOutliner. But if you look for the reference in terms of mindmapping, I believe Mindmanager is the one, in terms of functionalities, exchanges with other apps, Windows/ Mac, free viewer.Ī free and easy mindmap software is freemind, works on Mac and Windows :) Novamind is a mindmap software with some graphic capabilities. The advantage is tahe the graphic capabilities are far better than the specific mindmap softwares, so based on a mindmap you can produce a better and richer graph. Then a bit of manual re-arrangements are necessary to make it look like a "true" mindmap. Using the drawer with the outline function and automatic layout makes it as fast as a dedicated mindmap software to build the tree. I use OmniGraffle as a mindmap software when I want to produce nice looking mind maps. ![]()
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