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0 0 0 0 0.0118577075098814 -0.00316205533596825 -0.00513833992094849 0.0209486166007904
Stock impact report

Cybin Reports Fiscal Year 2024 Financial Results and Recent Business Highlights

Cybin Inc. Common Shares (CYBN) 
Company Research Source: Business Wire
- Received U.S. Food and Drug Administration (“FDA”) Breakthrough Therapy Designation (“BTD”) for CYB003, its proprietary deuterated psilocybin analog in development for the adjunctive treatment of Major Depressive Disorder (“MDD”) -- Clinical site selection complete for Phase 3 multinational study of CYB003, which is expected to begin in summer 2024 -- Cash totaled C$209 million as of March 31, 2024 -- Initiated a Phase 2 study of CYB004, its proprietary deuterated dimethyltryptamine (“DMT”) program in development for the treatment of Generalized Anxiety Disorder (“GAD”) -- Strengthened intellectual property portfolio with more than 60 granted patents and over 200 pending applications -- Closed oversubscribed private placement of U.S.$150 million (the “Private Placement”) led by a syndicate of leading biopharmaceutical institutional investors - This news release constitutes a “designated news release” for the purposes of Cybin’s prospectus supplements each dated August 23, 2023, to i Show less Read more
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