Quick Take:

  • Novamind Inc. announced the expansion and optimization of its Cedar Psychiatry clinic in Layton, Utah.
  • This is the largest clinic in the company’s network.

Novamind Inc. (NM) (“Novamind” or the “Company”), a mental health company specialized in psychedelic medicine, announces the expansion and optimization of its Cedar Psychiatry clinic in Layton, Utah (“Layton Clinic”), the largest clinic in the Company’s network.

The redesigned Layton Clinic now offers improved treatment rooms to accommodate a higher number of ketamine and Spravato™ (esketamine) treatments. The Layton Clinic expansion comes in response to a significant increase in demand for ketamine therapies across Novamind’s mental health clinics. In 2020 alone, the Cedar Psychiatry clinic network facilitated over 20,000 client visits, an increase of over 100 percent compared to the same period in 2019.

The demand for mental health services continues to increase dramatically and we are responding by improving access to our most innovative treatments. The enhanced clinic layout enables us to serve more clients with evidence-based treatments, including ketamine and future FDA approved psychedelics.”

Dr. Reid Robison – Chief Medical Officer and Director of Novamind

Cedar Psychiatry has gained years of experience in effectively managing the challenges associated with offering its clients access to novel medications such as Spravato™ and anticipated FDA-approved psychedelics. Cedar Psychiatry’s expertise includes inventory logistics, coordinating reimbursement with insurance providers and compliance with each medications’ unique Risk Evaluation and Mitigation Strategy (REMS).

“Enhancing service offerings at our Layton clinic goes to the heart of our mission, which is to increase our clients’ access to alternative mental health treatments,” said Yaron Conforti, CEO and Director of Novamind. “In 2021, Novamind will address the increasing demand for innovative mental health services by growing our network of Cedar Psychiatry clinics within Utah and into new jurisdictions.”

As a leading provider of ketamine therapy in the United States, Cedar Psychiatry has administered over 4,000 ketamine sessions and over 1,700 Spravato™ treatments since its founding in 2016. The Cedar Psychiatry clinic network has four locations in Utah, in Salt Lake City, Layton, Orem and Springville. For more information on the clinics, please visit our website.