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Definium Therapeutics DFTX · USD

Health Care · US listing · 🇺🇸 United States

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35.39

+6.37%

Close of 9 Nov 2026, in USD

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About Definium Therapeutics

From its filings with the US Securities and Exchange Commission

SEC filings

Definium Therapeutics is based in New York, New York and is incorporated in British Columbia, Canada. Its shares trade on Nasdaq under the ticker DFTX. The SEC classifies its business as medicinal chemicals & botanical products. In the fiscal year to 31 December 2025, it reported a net loss of $183.8m. At that date it held total assets of $440.1m and shareholders' equity of $332.3m.

In its own words

We are a late-stage clinical biopharmaceutical company developing novel product candidates to treat brain health disorders. Our mission is to forge a new era of psychiatry by applying scientific rigor to psychedelics, with the goal of developing accessible treatments that unlock healing at scale. We are developing a pipeline of innovative product candidates targeting neurotransmitter pathways that play key roles in brain health disorders. This specifically includes pharmaceutically optimized product candidates derived from the psychedelic and empathogen drug classes including DT120 (previously referred to as MM120), and DT402 (previously referred to as MM402), our lead product candidates.

Our first lead product candidate, DT120 ODT, is a proprietary, pharmaceutically optimized form of lysergide D-tartrate that we are developing for the treatment of adults with generalized anxiety disorder and major depressive disorder. In December 2023, we announced positive topline results from our Phase 2b clinical trial of DT120 for the treatment of GAD. The trial met its primary endpoint, with DT120 demonstrating statistically significant and clinically meaningful dose-dependent improvements on the Hamilton Anxiety Rating Scale ("HAM-A") compared to placebo at Week 4. In March 2024, we announced that the U.S. Food and Drug Administration ("FDA") granted breakthrough designation to our DT120 program for the treatment of GAD.

Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Health Care
Industry
Pharmaceuticals
Listed since
4 May 2015
Employees
105
Website
mindmed.co ↗
Head office
ONE WORLD TRADE CENTER, NEW YORK, NY, 10007
Incorporated in
A1
Classification
Medicinal Chemicals & Botanical Products
Filer status
<br>Emerging growth company

Leadership

Pay as last reported

  • Ms. Carol ValloneIndependent Chairman of the Board$195,030
  • Mr. Robert BarrowChief Executive Officer, Director, since 2021$2.7m
  • Mr. Andreas KrebsIndependent Vice Chairman of the Board$185,030
  • Ms. Brandi RobertsChief Financial Officer
  • Dr. Daniel KarlinChief Medical Officer$1.3m
  • Mr. Matthew WileyChief Commercial Officer
  • Mr. Mark SullivanChief Legal Officer, Corporate Secretary$1.2m
  • Mr. Roger AdsettDirector
  • Dr. Suzanne BruhnIndependent Director$149,812
  • Dr. Roger CrystalIndependent Director$149,812
  • Mr. David GryskaIndependent Director$179,013
  • Mr. Chris BrinzeyIR Contact Officer, since 2025

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
42
Environment
44
Social
54
Governance
28
Carbon reduction policy
No
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Definium Therapeutics Inc develops MM-120 for generalized anxiety disorder treatment
  • Definium Therapeutics Inc has MM-402 targeting autism spectrum disorder
  • Definium Therapeutics Inc focuses on brain health disorder product pipeline

Weaknesses

  • Definium Therapeutics Inc has 105 employees in New York City
  • Definium Therapeutics Inc went public on 4 May 2015
  • Definium Therapeutics Inc is a clinical stage biopharmaceutical company

Opportunities

  • Definium Therapeutics Inc targets neurotransmitter pathways for brain health disorders
  • Definium Therapeutics Inc develops products without acute perceptual effects
  • Definium Therapeutics Inc has a pipeline of product candidates

Threats

  • Definium Therapeutics Inc faces competition in pharmaceutical sector
  • Definium Therapeutics Inc operates in clinical stage development
  • Definium Therapeutics Inc is a US-based company in Health Care sector

Sources and methodology

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Our data supplier
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