Cybin Announces End-of-Phase 2 Meeting with FDA for CYB003 in Major Depressive Disorder and Phase 3 Program Design
Portfolio Pulse from Benzinga Newsdesk
Cybin Inc. announced a positive End-of-Phase 2 meeting with the FDA for CYB003, a deuterated psilocybin analog for treating Major Depressive Disorder. The company is now preparing for a Phase 3 program.
March 14, 2024 | 11:32 am
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Cybin Inc. successfully completed an End-of-Phase 2 meeting with the FDA for CYB003, a treatment for Major Depressive Disorder, advancing to Phase 3.
The positive outcome of the End-of-Phase 2 meeting with the FDA for CYB003 significantly de-risks the development pathway for Cybin Inc., making it more likely that the company will proceed to Phase 3 trials. This development is crucial for investors as it marks a significant milestone in the drug's approval process, potentially leading to a new treatment option for Major Depressive Disorder. The news is likely to be viewed positively by the market, increasing investor confidence and potentially leading to a short-term uptick in Cybin Inc.'s stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100