Welcome to our dedicated page for Compass Pathways Plc news (Ticker: CMPS), a resource for investors and traders seeking the latest updates and insights on Compass Pathways Plc stock.
Compass Pathways Plc (Nasdaq: CMPS) is advancing innovative mental health solutions through its COMP360 psilocybin therapy program. This page provides centralized access to official company announcements, clinical trial updates, and strategic partnership developments.
Investors and researchers will find timely updates on regulatory progress, including FDA Breakthrough Therapy designations and international clinical trials. All content is curated to support informed analysis of the company's progress in treatment-resistant depression and related mental health conditions.
Key focus areas include therapy development milestones, healthcare collaboration models, and intellectual property advancements. Resources are organized to help track the company's evidence-based approach to psychedelic-assisted therapies within rigorous clinical frameworks.
Bookmark this page for direct access to primary source materials about CMPS's work in mental health innovation. Visit regularly to stay current with developments in this pioneering sector of biotechnology.
COMPASS Pathways (Nasdaq: CMPS), a mental health care firm, has been granted two new US patents for their synthetic psilocybin formulations aimed at treating major depressive disorder (MDD), including treatment-resistant depression (TRD). Patent No. 10,954,259 was awarded on March 23, 2021, covering crystalline psilocybin and its pharmaceutical formulations. Patent No. 10,947,257 was granted on March 16, 2021, focusing on oral dosage forms of psilocybin. These patents support COMPASS's phase IIb clinical trial for TRD therapy, with anticipated data release in late 2021.
COMPASS Pathways reported progress in its phase IIb clinical trial of COMP360 psilocybin therapy for treatment-resistant depression, with data expected by the end of 2021. The company launched its first Centre of Excellence at Sheppard Pratt in Baltimore to advance mental health care. Financially, COMPASS faced a net loss of $60.3 million in 2020, an increase from $19.6 million in 2019, driven by rising R&D and administrative expenses. Cash reserves stood at $190.3 million by year-end 2020. A conference call is scheduled for March 9, 2021.
COMPASS Pathways (Nasdaq: CMPS) has announced an expansion of its Discovery Center through collaborations with leading scientists from UC San Diego and Medical College of Wisconsin. The new partners, Adam Halberstadt and John McCorvy, will join Jason Wallach in efforts to develop innovative psychedelic compounds targeting mental health issues. This initiative aims to address unmet medical needs and enhance the existing psilocybin therapy model. COMPASS will hold exclusive rights to the new compounds developed during this collaboration.
COMPASS Pathways (Nasdaq: CMPS) has published a paper in Frontiers in Psychiatry detailing its structured therapist training programme for psilocybin therapy. The program aims to ensure consistent quality in psychological support during COMP360 psilocybin therapy, currently in phase IIb clinical trials for treatment-resistant depression. Developed with leading experts, it includes online learning, in-person training, and ongoing mentorship. This initiative addresses previous inconsistencies in training, enhancing the safety and effectiveness of psilocybin therapy.
COMPASS Pathways plc (Nasdaq: CMPS) announced participation in two upcoming investor conferences during the week of January 11, 2021. CEO George Goldsmith and President Lars Wilde will engage in a fireside chat available on demand from January 11-14 at the HC Wainwright BioConnect 2021 Conference. Additionally, they will present a business update and conduct a live fireside chat at 12:15 pm ET on January 14 during the Westwicke Healthcare Day at the ICR Conference 2021. Webcasts will be accessible through the COMPASS website's Investors section for 30 days post-event.
COMPASS Pathways (CMPS) successfully completed a $146.6 million IPO on Nasdaq, enhancing their financial position for advancing mental health innovations. They are progressing with their phase IIb clinical trial of COMP360 psilocybin therapy for treatment-resistant depression, expanding to 21 sites across 10 countries. The company strengthened its leadership team with key appointments. As of September 30, 2020, cash and equivalents reached $196.5 million, expected to fund operations into 2023. However, the net loss increased to $16.7 million for Q3 2020, compared to $5.7 million in Q3 2019.
COMPASS Pathways has successfully closed its initial public offering, selling 8,625,000 American Depositary Shares (ADS) at $17.00 each, totaling gross proceeds of $146.6 million. This includes the full exercise of underwriters' options for an additional 1,125,000 ADS. The ADS began trading on the Nasdaq Global Select Market under the ticker symbol CMPS on September 18, 2020. The offering was managed by Cowen, Evercore ISI, Berenberg, Canaccord Genuity, and H.C. Wainwright & Co.
COMPASS Pathways announced the pricing of its upsized initial public offering (IPO) of 7,500,000 American Depositary Shares (ADSs) at $17.00 each, raising total gross proceeds of $127.5 million. The offering, which is managed by Cowen, Evercore ISI, and Berenberg, is expected to close around September 22, 2020, subject to customary conditions. The ADSs will begin trading on the Nasdaq Global Select Market under the ticker symbol CMPS. COMPASS focuses on innovative mental health treatments, particularly its psilocybin therapy for treatment-resistant depression.
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