Cybin Inc Stock Price, News & Analysis

Cybin Inc. (NYSE AMERICAN:CYBN) announced that its subsidiary, Adelia Therapeutics, has met certain milestones for Year 1 Q3 as per a December 4, 2020 agreement. In recognition, 9,392.6 Class B shares will be issued to Adelia shareholders, valued at approximately $317,471.09. These shares can be exchanged for Cybin common shares at a ratio of 10 to 1, subject to specific timing restrictions. Cybin focuses on psychedelic therapies for psychiatric disorders, leveraging innovative drug discovery and delivery methods.

Cybin (NEO:CYBN, AMERICAN:CYBN), a biotechnology company, has filed two international patent applications under the Patent Cooperation Treaty (PCT), potentially covering 153 countries. These applications pertain to a library of phenethylamine compounds and novel psychedelic compounds identified through research. The patents aim to strengthen the CYB005 program addressing therapy-resistant psychiatric disorders. Cybin’s drug development focuses on novel drug discovery, efficient delivery systems, and treatment regimens targeting mental health needs, including major depressive disorder and alcohol use disorder.

Cybin Inc. (NEO:CYBN) announced the filing of a new non-provisional patent application following a favorable international search report for its May 2021 PCT application. The International Patent Searching authority has validated claims within the filing, which supports the company’s pre-clinical and research programs. Cybin's portfolio now includes 14 patent filings, over 50 proprietary molecules, and 4 active drug programs targeting mental health disorders. CEO Doug Drysdale emphasized the ongoing development of the company's IP portfolio to enhance new discoveries in psychedelic therapeutics.

Cybin has announced the election of Theresa Firestone to its board of directors during a shareholder meeting on August 16, 2021. A total of 45,681,073 common shares were represented, accounting for 30.77% of total shares. Key voting results include the appointment of Zeifmans LLP as auditor with 99.76% approval, setting the board size at six directors with 99.87% approval, and amendments to the equity incentive plan with 95.43% support. Additionally, a shareholder rights plan was approved to protect shareholders during potential takeover bids.

Cybin Inc. (NEO:CYBN) reported its unaudited financial results for Q1 ended June 30, 2021. The company raised over C$120M, including C$34M in August 2021. Key highlights include becoming the first psychedelic company listed on NYSE American, initiating a digital therapeutics platform, scaling European operations, and expanding its patent portfolio to 13 filings. Cybin also commenced a collaboration with TMS NeuroHealth Centers to advance research in psychedelic therapeutics. The company reported a net loss of C$14.7 million for the quarter.

Cybin Inc. (CYBN) announces that its subsidiary Adelia Therapeutics has met key milestones as stipulated in the December 2020 Transaction Agreement. Adelia will receive Class B common shares worth approximately CAD 475,292, which can be exchanged for Cybin common shares at a 10-to-1 ratio. The Class B shares will have a staggered exchange schedule, allowing only a portion to be converted before December 2023. This development illustrates Cybin's commitment to advancing psychedelic therapeutic solutions.

Cybin (NYSE:CYBN), a biotechnology company focused on psychedelic therapeutics, has announced that CEO Doug Drysdale will present virtually at Canaccord Genuity’s 41st Annual Growth Conference on August 10, 2021, at 3:30 PM ET. The presentation will be webcast live and available for playback for 90 days following the event. Cybin is dedicated to advancing psychedelic treatments for psychiatric disorders using innovative drug discovery and delivery methods. Forward-looking statements regarding their strategic branding, capital markets exposure, and drug development programs are included in the release.

Cybin, a biotechnology company focused on psychedelic therapeutics, has announced a new partnership with Catalent, the leader in drug delivery technologies. The agreement allows Cybin to utilize Catalent’s proprietary Zydis® orally disintegrating tablet (ODT) technology for its novel drug CYB003, aimed at treating resistant psychiatric disorders. This innovative delivery method promises improved pharmacokinetics by enabling pre-gastric absorption. The project begins in April 2021 with feasibility studies on various ODT formulations.