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Cybin Inc. (NYSE American: CYBN), a clinical-stage biopharmaceutical company at the forefront of developing innovative, psychedelic-based treatment options, announces a share purchase commitment of CAD$41M. This latest agreement propels Cybin’s capital access to over CAD$70M, an impressive escalation from their at-the-market offering.
Since its inception, Cybin has astoundingly raised and accessed over C$200M, funding its dynamic clinical pipeline of proprietary psychedelic molecules. The agreement solidifies Cybin’s position as an industry front-runner and provides a steady runway for its ongoing success and expansion in the field of psychedelic therapeutics.
Cybin’s commitment to revolutionizing mental healthcare has shaped its development of innovative, effective, and safe treatment options for mental health conditions. The company has a variety of treatments in development, including CYB003, a unique form of psilocybin designed to treat major depressive disorder, and CYB004, a deuterated DMT molecule intended to help with generalized anxiety disorder.
With a strong foundation rooted in scientific discovery and clinical validation, Cybin has made significant progress in advancing its research pipeline. Their management team is geared towards pioneering novel second-generation psychedelics with a keen focus on optimizing bioavailability and controlling dose intensity and duration.
The company’s extensive work encompasses more than 250 pre-clinical studies and a growing Intellectual Property portfolio with over 50 granted or pending patent applications. Investors can look forward to near-term value-driving catalysts, with topline data for CYB004 Phase 1 and CYB003 Phase 1/2a expected in Q3 2023.
Cybin’s operational presence extends beyond its Canadian headquarters to the United States, the United Kingdom, the Netherlands, and Ireland. This geographical reach demonstrates the company’s robust capabilities and international recognition in the field of psychedelic research and development.
Over 900 million people globally suffer from mental health conditions. The advent of psychedelic therapies represents a significant paradigm shift towards treating the underlying conditions and improving patient outcomes. Cybin, powered by a network of world-class partners and globally recognized scientists, is optimally positioned to harness this potential.
Research priorities include focusing on well-known scaffolds, including psilocybin and DMT, to improve bioavailability, optimizing pharmacokinetic profiles, and combining medicinal chemistry with drug delivery for improved control of dose intensity and duration.
Further, the implementation of the EMBARK model ensures consistent therapist training and patient support during clinical trials. The potential utilization of Kernel’s Flow® technology to generate quantitative data also underscores Cybin’s commitment to deepening the understanding of the effects and mechanisms of psychedelic therapies.
Cybin’s unique approach is based on novel psychedelic molecules and controllable drug delivery systems engineered through a proprietary deuterated process. By leveraging cutting-edge neuroimaging technology, Cybin aims to create transformative mental health treatments.
Amidst a worldwide mental health crisis, Cybin presents an exceptional chance for investment. Its clear strategic vision, strong clinical progress, and secure financial footing present a promising growth trajectory for investors. The company’s comprehensive approach to psychedelic therapeutics, innovative research and development programs, and potential to transform the mental health treatment landscape position Cybin as a pioneer in the burgeoning field of psychedelic medicine.
