Add-on Acquisition • Medical Products

MindMed Acquires HealthMode

On February 26, 2021, MindMed acquired medical products company HealthMode

Acquisition Context
  • This is MindMed’s 1st transaction in the Medical Products sector.
  • This is MindMed’s 2nd transaction in the United States.
  • This is MindMed’s 1st transaction in California.

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M&A Deal Summary

Date February 26, 2021
Target HealthMode
Sector Medical Products
Buyer(s) MindMed
Deal Type Add-on Acquisition

Target Company

HealthMode

San Francisco, California, United States
HealthMode is a digital medicine and therapeutics startup that uses Artificial Intelligence (AI)-enabled digital measurement to increase the precision and speed of clinical research and patient monitoring. HealthMode was founded in 2017 and is based in San Francisco, California.
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Buyer Overview 1

Buyer

MindMed

Vancouver, New York, United States

Category Company
Founded 2019
Sector Life Science
Employees74
DESCRIPTION

MindMed is a psychedelic medicine biotech company that discovers, develops, and deploys psychedelic-inspired medicines and therapies to address addiction and mental illness. The company is assembling a compelling drug development pipeline of innovative treatments based on psychedelic substances, including Psilocybin, LSD, MDMA, DMT, and an Ibogaine derivative, 18-MC. MindMed was founded in 2019 and is based in New York, New York.


Deal Context for Buyer #
Overall 2 of 2
Sector: Medical Products 1 of 1
Type: Add-on Acquisition 1 of 1
State: California 1 of 1
Country: United States 2 of 2
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-16 Savant HWP - 18-MC Drug

Reno, Nevada, United States

Savant HWP, Inc. - 18-MC Drug is based on the natural psychedelic substance ibogaine and is focused on addressing the opioid crisis and other forms of addiction. Historically, ibogaine has been successful in treating mostly heroin addicts. 18-MC has been synthesized to be non-hallucinogenic while maintaining ibogaine's anti-addictive properties.

Buy -