Cybin Announces Topline Data from Phase 1 Studies of Proprietary Deuterated DMT Molecules CYB004 and SPL028
Portfolio Pulse from Benzinga Newsdesk
Cybin Inc. (NYSE:CYBN) has announced positive Phase 1 study results for its proprietary deuterated DMT molecules CYB004 and SPL028, which are being developed for the treatment of generalized anxiety disorder. The studies showed favorable safety, pharmacokinetic, and pharmacodynamic data in healthy volunteers.
January 08, 2024 | 12:35 pm
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Cybin Inc. has released positive Phase 1 data for CYB004 and SPL028, indicating progress in its DMT program for anxiety disorders. This could positively influence investor sentiment.
The announcement of positive Phase 1 study results typically generates optimism among investors, as it suggests that the company's drug candidates have a potential path forward in clinical development. This can lead to increased investor confidence and potentially a rise in stock price in the short term.
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