NetworkNewsBreaks – Cybin Inc. (NEO: CYBN) (NYSE American: CYBN) Releases Status Update on Clinical Development Programs
Cybin (NEO: CYBN) (NYSE American: CYBN), a biopharmaceutical company focused on progressing Psychedelics to Therapeutics(TM), is discussing upcoming priorities and near-term milestones regarding the status of its two clinical programs aimed at addressing multiple mental health conditions: CYB003 and CYB004. Designed for the treatment of Major Depressive Disorder (“MDD”), CYB003 is currently in a phase 1/2a clinical trial. CYB003 is a deuterated psilocybin analog. CYBN anticipates releasing an interim readout from the trial by the end of February 2023, which will provide an initial understanding of the safety and pharmacokinetic (“PK”) profile of the substance in humans. This interim data will be key in identifying the necessary dose-ranging information for the ongoing trial as well as future clinical studies. Designed for the treatment of anxiety disorders, CYB004 is in a phase 1 exploratory trial designed to help identify safety and dosing data for the future clinical development of the deuterated DMT. The update noted that the CYB004-E trial has not shown any clinically significant safety or tolerability issues. Cybin also anticipates releasing an update on its CYB004 program by the end of February 2023. “Cybin enters 2023 with the potential to reach a number of value-driving milestones, including important advancements across our development pipeline,” said Cybin CEO Doug Drysdale in the press release. “These priorities will provide important information to help strengthen our business as we continue to focus on the progression of our innovative investigational therapies aimed at addressing the significant unmet need for people struggling with mental health conditions.”
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Cybin (NEO: CYBN) (NYSE American: CYBN), a biopharmaceutical company focused on progressing Psychedelics to Therapeutics(TM), is discussing upcoming priorities and near-term milestones regarding the status of its two clinical programs aimed at addressing multiple mental health conditions: CYB003 and CYB004. Designed for the treatment of Major Depressive Disorder (“MDD”), CYB003 is currently in a phase 1/2a clinical trial. CYB003 is a deuterated psilocybin analog. CYBN anticipates releasing an interim readout from the trial by the end of February 2023, which will provide an initial understanding of the safety and pharmacokinetic (“PK”) profile of the substance in humans. This interim data will be key in identifying the necessary dose-ranging information for the ongoing trial as well as future clinical studies. Designed for the treatment of anxiety disorders, CYB004 is in a phase 1 exploratory trial designed to help identify safety and dosing data for the future clinical development of the deuterated DMT. The update noted that the CYB004-E trial has not shown any clinically significant safety or tolerability issues. Cybin also anticipates releasing an update on its CYB004 program by the end of February 2023. “Cybin enters 2023 with the potential to reach a number of value-driving milestones, including important advancements across our development pipeline,” said Cybin CEO Doug Drysdale in the press release. “These priorities will provide important information to help strengthen our business as we continue to focus on the progression of our innovative investigational therapies aimed at addressing the significant unmet need for people struggling with mental health conditions.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
