Cybin Advances to Phase 3 Potential: Successful Enrollment Completion in CYB003 Phase 2 Study for Major Depressive Disorder Treatment
Portfolio Pulse from Benzinga Newsdesk
Cybin Inc. (NYSE:CYBN) has completed enrollment in its Phase 2 study of CYB003, a treatment for major depressive disorder. The company has reported no serious adverse events and a favorable safety profile. Cybin plans to scale the CYB003 program to a potential Phase 3 study in early 2024. The program is supported by a recently granted U.S. patent and the company anticipates potential Breakthrough Therapy designation, subject to FDA approval, in Q4 2023.
September 21, 2023 | 11:32 am
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Cybin Inc. has completed Phase 2 study for its major depressive disorder treatment, CYB003, and plans to initiate Phase 3 study in early 2024. The company also anticipates potential Breakthrough Therapy designation, subject to FDA approval.
The completion of Phase 2 study and the potential advancement to Phase 3 study for CYB003 indicates positive progress in Cybin's pipeline. This, along with the anticipation of potential Breakthrough Therapy designation, could positively impact the company's stock in the short term.
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