The mental health industry has grown at a significant pace over the past years due to rising awareness about mental wellbeing all over the world. Investors who are looking for stocks in that sector could consider taking a look at the Novamind Inc (OTCMKTS:NVMDF) stock this week.
Yesterday, the stock was in action and ended the day with gains of as much as 7% after the company made a key announcement. Novamind, which is a specialist in medicines derived from psychedelic substances, announced that it had successfully launched its sixth integrative psychiatry clinic. The clinic in question is located in Murray, Utah and is named the Murray Clinic.
However, that is not all. Murray Clinic has a special importance for Novamind since it is going to be double up as the third clinical research site for the company as well.
That is going to help the company in serving a wider range of medicine developers and consequently give it access to a larger pool of patients as well. Novamind also announced that it expects a total of 65000 visits to its clinics in 2021. The announcement may bring the stock into sharp focus among investors over the course of the coming days.
