Cybin Makes Significant Progress in Mental Health Treatment Development
Cybin Inc., a clinical-stage biotech company, has achieved notable advancements in its CYB003 and CYB004 programs aimed at treating Major Depressive Disorder and Generalized Anxiety Disorder, respectively. The company has received FDA Breakthrough Therapy Designation for CYB003, finalized site selection for its Phase 3 study, and started a Phase 2 study for CYB004, showcasing a robust financial status.
Cybin Inc., a clinical-stage biotech firm, has reported significant strides in the development of mental health treatments with its CYB003 and CYB004 programs for Major Depressive Disorder and Generalized Anxiety Disorder, respectively. The company has secured FDA Breakthrough Therapy Designation for CYB003, completed site selection for its Phase 3 study, and initiated a Phase 2 study for CYB004. These developments underscore Cybin's strong financial position, with C$209 million in cash and a successful U.S. $150 million private placement.

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Cybin Advances Mental Health Treatments
tipranks.com · Jun 26, 2024
Cybin Inc. advances mental health treatments with CYB003 and CYB004 programs, securing FDA Breakthrough Therapy for CYB0...