Cybin Inc Stock Price, News & Analysis

Cybin reported its second-quarter financial results for the period ending September 30, 2022, revealing a net loss of C$10.0 million and cash of C$29.9 million. The company is progressing its clinical pipeline, focusing on modified psychedelic molecules, and enhancing its intellectual property through strategic licensing agreements. Key developments include progress in the CYB004-E Phase 1 trial and the initiation of the CYB003 Phase 1/2a trial for treating major depressive disorder. Cybin also established a US$35 million equity program to support its growth initiatives.

Cybin, a biopharmaceutical company focusing on psychedelics, announced the completion of dosing for four out of five participant cohorts in its CYB004-E Phase 1 trial evaluating DMT. No significant safety issues were reported by the Safety Review Committee. This trial, acquired from Entheon Biomedical in July 2022, is key for the development of CYB004, a DMT molecule aimed at treating anxiety disorders. The study is ongoing in the Netherlands and is expected to finish in the first half of 2023, providing vital safety and dosing data for further development.

Cybin, a biopharmaceutical company advancing psychedelics for therapeutic use, announces participation in key investor events in November 2022. CEO Doug Drysdale will present at the Jefferies London Healthcare Conference on November 15 at 8:00 a.m. GMT and engage in investor meetings. He will also join the Pinsent Masons Psychedelics Panel on November 16 at 5:00 p.m. GMT. Additionally, Drysdale will take part in the PSYCH Investor Event on November 17 for a fireside chat at 5:00 p.m. GMT. Archived webcasts will be available on Cybin’s investor website.

Cybin announced its participation in the Neuropsychiatric & Psychedelics Drug Development Summit from October 31 to November 2, 2022, in Boston, MA. Amy Reichelt, Ph.D., Director of Neuropharmacology, will present findings on CYB004, a deuterated form of DMT aimed at enhancing therapeutic potential. Preclinical data suggests CYB004 has improved bioavailability and a longer duration of action compared to traditional DMT, potentially benefiting patients with mental health conditions.

Cybin Inc. has announced the graduation of skilled facilitators from its EMBARK Psychedelic-Assisted Psychotherapy Training Program, critical for its CYB003 Phase 1/2a clinical trial evaluating a novel psilocybin analog aimed at treating major depressive disorder. The EMBARK model, co-developed by experts, emphasizes a range of clinical domains and care cornerstones, preparing facilitators to provide ethical care. This training addresses the shortage of qualified clinicians in psychedelic treatments, supporting ongoing clinical trials at Clinilabs in Eatontown, New Jersey.

ALTRD.TV has launched a trailer for its upcoming six-part miniseries, Open Minds: Exploring Psychedelic Medicine, set to premiere in 2023. Featuring industry leaders including Deepak Chopra and Dennis McKenna, the series delves into the resurgence of psychedelic research for mental health treatments. The documentary aims to explore consciousness, the use of psychedelics in therapy, and the future of mental healthcare. Executive Producer Joshua Otten emphasizes the significant impact these treatments could have on global mental health.

Cybin, a biopharmaceutical firm focused on psychedelics, has enhanced its intellectual property portfolio with over 20 active patent filings across six families, including 14 filed this year. Additionally, the company has secured multiple licensing agreements, granting access to more than 35 patents and applications. This strategic move bolsters Cybin’s R&D efforts, particularly in developing novel drug candidates for mental health disorders, such as CYB003 and CYB004.

Cybin has entered an exclusive licensing agreement with Mindset Pharma to acquire a targeted class of tryptamine-based molecules. The agreement includes a one-time payment of $500,000 and potential milestone payments totaling up to $9.5 million. This partnership enhances Cybin's preclinical library and strengthens its intellectual property in psychedelic therapeutics aimed at mental health conditions. The collaboration supports Cybin's long-term goal of developing innovative treatments for areas of high unmet need.

Cybin Inc. (AMEX:CYBN), a biopharmaceutical company specializing in psychedelics, announces its participation in key conferences. Notable events include the Interdisciplinary Conference on Psychedelic Research in Haarlem, Amsterdam from September 21-24, 2022. CEO Doug Drysdale and CMO Amir Inamdar will participate in panel discussions. Cybin will also attend the Jefferies Innovation in Mental Health Summit in New York City on September 22, 2022, and the Cantor Neurology & Psychiatry Conference in San Francisco on October 6-7, 2022. The company aims to create effective mental health therapeutics.