Compass Pathways Pushed Topline Data Readout From COMP005 Phase 3 Trial For COMP360 In Treatment-Resistant Depression To Q2 2025, And COMP006 Data Will Now Be Announced After 26-week Time Point, Expected In 2H Of 2026, Cuts Workforce By 30%
Portfolio Pulse from Benzinga Newsdesk
Compass Pathways has delayed the topline data readout for its COMP005 Phase 3 trial for COMP360 in treatment-resistant depression to Q2 2025 and the COMP006 data to the second half of 2026. The company is cutting its workforce by 30% to focus on the COMP360 program.
October 31, 2024 | 10:46 am
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Compass Pathways has delayed key trial data readouts for its COMP360 program and is cutting its workforce by 30% to focus resources. This may impact investor confidence and stock performance in the short term.
The delay in trial data readouts for COMP360, a key program for Compass Pathways, could lead to negative investor sentiment and a potential decrease in stock price. The workforce reduction indicates a strategic shift to conserve resources, which may also be viewed negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100