Explore our 🎯 Q1 2026 Psychedelic Pipeline Bullseye Charts.

November 18 – 24, 2024

Pα+ Psychedelic Bulletin #181

Psychedelic Alpha ↗

  • Last-Minute Rule Changes, Opt-Outs, Ahead of Colorado’s Psychedelics Program Launch
  • Cybin’s Impressive 12-Month Data Overshadowed by Small N and Controversial Marketing Move
  • DEA Extends Telemedicine Rules for Controlled Substances Through 2025
  • Vermont Psychedelic Therapy Advisory Working Group Kicks Can Down the Road
  • Other Stories including: $PSY Sells Out, Raising $2 Million for Psychedelic Science; Johns Hopkins Launches Psilocybin Microdosing Study; New Industry Association Launches; Kentucky Ibogaine Initiative Figurehead Relocates Effort to REID Foundation; and Lawmakers in Georgia Consider Spending Up To $5 Million on Psychedelic Research for Veterans. Read all about it…

Cybin Reports Positive Phase 2 Data for CYB003, Demonstrating Breakthrough 12-Month Efficacy in Treating Major Depressive Disorder

Press Release ↗

The company reports 12-mo efficacy data from a Phase 2 study of its deuterated psilocin candidate, CYB003, in major depressive disorder (MDD). The results are impressive, with 100% of patients responders and 71% in remission at the 12-month mark. The sample is small, however, with just 8 participants represented in the cut of data, 7 of which received two 16 mg doses (the remaining participant received just one dose). The company announced the commencement of its Phase 3 program last week.

November 11 – 17, 2024

Pα+ Psychedelic Bulletin #180

Psychedelic Alpha ↗

  • Massachusetts’ Psychedelics Ballot Question Post-Mortem Begins
  • Cybin Commences Phase 3 Program of Deuterated Psilocin, CYB003, in Major Depressive Disorder
  • Opt-Out Trend Continues: Oregon’s Local Jurisdictions Push Back on Psilocybin Access
  • CaaMTech Claims It’s Solved Functional Unblinding, But Won’t Tell Us How
  • Compass Says Phase 3 Readout Punt Is About Durability, Not Unblinding
  • Lykos-Funded Study Finds MDMA-AT Cost Effective with Drug Priced at $12k per Session
  • Other Stories including: RFK Jr. Scores HHS Position; UC Davis Researchers Claim Separation of DOI’s Hallucinogenic and Anxiolytic Effects; Relmada Launches Ph 1 Study of Low-Dose Psilocybin; Numinus Sells Clinics; and more…

October 28 – November 3, 2024

Final Stretch for Question 4: Controversy, Advocacy, and Celebrity Voices Shape Psychedelic Vote

Psychedelic Alpha ↗

Jack Gorsline shares the latest view from Massachusetts, where psychedelics advocates and detractors are hoping to sway voters to mark a ‘yes’ or ‘no’ next to Question 4 next week. The Yes campaign feels that coverage by The Harvard Crimson was unfair, a key anti-Question 4 campaigner appears to have misrepresented his group’s potential participation in a debate, the No campaign receives its first major donation, and more…

Compass Pathways Pushes Back Phase 3 Readouts, Lays Off 30% of Staff

Psychedelic Alpha ↗

This morning, Compass Pathways announced delays to both of its Phase 3 studies, as well as a major reduction in force that sees its preclinical programs and digital tools effectively shelved. Here, we provide our analysis along with coverage of the company’s earnings call and associated discussion.

Pα+ Psychedelic Bulletin #179

Psychedelic Alpha ↗

  • VA Funds MDMA for PTSD and AUD Study, Chooses Low-Dose MDMA as Control
  • A Look at the Latest Oregon Psilocybin Services Complaints
  • Zuranolone’s MDD Journey Ends
  • Tryp Therapeutics Raises $6M to Forward IV Psilocin Candidate
  • Psylo and Co. Win $3M Grant to Develop Neuroplastogens
  • Other Stories

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