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Founding members include Compass Pathways, B. More Inc., Lykos Therapeutics and MindMed. The group’s Scientific Advisors include Peter Hendricks, Paul Hutson, Sandeep Nayak and Jennifer Jones.
PsyDAO, a decentralised autonomous organisation that aims to fund psychedelics research and art, has raised around $2m following its initial mint of PSY tokens.
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.
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…
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.
We speak to Carey Turnbull and Michael Bogenschutz about an ambitious new study.
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