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Stock impact report

Compass Pathways to expedite launch of its experimental depression therapy [Yahoo! Finance]

Cybin Inc. Common Shares (CYBN) 
Company Research Source: Yahoo! Finance
of its experimental psilocybin-based depression therapy by 9 to 12 months, sending its shares nearly 6% higher. Following a positive meeting with the U.S. Food and Drug Administration, Compass plans for a rolling submission, providing trial results as they are completed, and the agency to review them upon receipt. The usual process involves companies submitting its entire application at once. CONTEXT The experimental therapy, COMP360, is based on the psychedelic compound, psilocybin, and is designed as a short-term, episodic alternative to daily antidepressants. It is being tested in patients with treatment-resistant depression. In June, data from a late-stage study showed the therapy reduced the severity of depression symptoms, but fell short of market expectations. Wall Street analysts, however, said the data indicated that COMP360 might get approved. WHY IT'S IMPORTANT The fast-growing market for psychedelic-based treatments for psychiatric conditions could be worth u Show less Read more
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