Cybin Announces Grant of US Patent Covering Deuterated Tryptamines
Portfolio Pulse from Benzinga Newsdesk
Cybin Inc. (NYSE:CYBN), a clinical-stage biopharmaceutical company, has been granted a US patent for deuterated tryptamine compounds and pharmaceutical compositions thereof, with exclusivity until 2041. The patent covers deuterated 5-methoxy-dimethyltryptamine analogs in the company's pre-clinical deuterated tryptamine portfolio and strengthens Cybin's position in the development of potential therapeutics for the treatment of mental health conditions.
September 05, 2023 | 11:31 am
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Cybin Inc. has been granted a US patent for deuterated tryptamine compounds, which strengthens its position in the development of potential therapeutics for mental health conditions.
The granting of a patent to Cybin Inc. for deuterated tryptamine compounds is a significant development for the company. This patent not only provides exclusivity until 2041, but also strengthens the company's position in the development of potential therapeutics for mental health conditions. This could potentially lead to increased investor confidence and a positive impact on the company's stock price in the short term.
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