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Bright Minds Biosciences ( (TSE:DRUG) ) has issued an update.
On January 5, 2026, Bright Minds Biosciences announced plans to report topline results from its Phase 2 trial of BMB-101 in patients with drug-resistant absence seizures and developmental and epileptic encephalopathy during a conference call and live webcast scheduled for January 6, 2026, at 8:00 a.m. ET. The virtual event, accessible via the investors section of the company’s website, will include a data presentation and Q&A session, signaling a key clinical milestone for Bright Minds’ epilepsy program and providing investors and other stakeholders with an early look at the potential of its lead serotonergic agonist candidate in severe, treatment-resistant seizure disorders.
The most recent analyst rating on (TSE:DRUG) stock is a Buy with a C$115.00 price target. To see the full list of analyst forecasts on Bright Minds Biosciences stock, see the TSE:DRUG Stock Forecast page.
Spark’s Take on TSE:DRUG Stock
According to Spark, TipRanks’ AI Analyst, TSE:DRUG is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, recurring losses, and negative free cash flow) despite a low-debt, strengthened balance sheet. Technicals are moderately supportive with the price above key longer-term moving averages, while valuation is penalized by negative earnings and lack of dividend support. Corporate updates are constructive for the pipeline but are not yet reflected in financial results.
To see Spark’s full report on TSE:DRUG stock, click here.
More about Bright Minds Biosciences
Bright Minds Biosciences Inc. is a clinical-stage biotechnology company developing innovative treatments for neurological and psychiatric disorders, with a pipeline of novel compounds targeting key brain receptors to address high unmet medical needs, including rare epilepsy, Prader-Willi syndrome, depression and other CNS conditions. The company has built a platform of highly selective serotonergic (5-HT) receptor agonists, creating a portfolio of new chemical entities across neurology and psychiatry, and is listed on both the CSE and Nasdaq under the symbol DRUG.
Average Trading Volume: 1,175
Technical Sentiment Signal: Buy
Current Market Cap: C$901.8M
Learn more about DRUG stock on TipRanks’ Stock Analysis page.