STOCK TITAN

Cybin Inc. - CYBN STOCK NEWS

Welcome to our dedicated page for Cybin news (Ticker: CYBN), a resource for investors and traders seeking the latest updates and insights on Cybin stock.

Cybin Inc. (symbol: CYBN) is a pioneering biopharmaceutical company dedicated to addressing mental health challenges through innovative therapeutics. Specializing in psychedelic-based therapies, Cybin focuses on developing novel compounds, delivery mechanisms, and protocols aimed at treating a range of psychiatric and neurological conditions.

Cybin's core business revolves around advancing clinical-stage programs designed to harness the potential of psychedelics. The company is engaged in creating safe and effective treatments for conditions such as depression, anxiety, and post-traumatic stress disorder (PTSD). Their research and development efforts highlight the transformative potential of these therapies in modern medicine.

Recently, Cybin has achieved significant milestones, including progress in their proprietary drug delivery technologies. These advancements aim to improve the administration and efficacy of psychedelic compounds, ensuring patients receive the maximum therapeutic benefit. Their innovative approach extends to developing new chemical entities (NCEs) that hold promise in the field of mental health treatment.

Financially, Cybin remains robust and committed to its growth strategy. The company has secured strategic partnerships and collaborations that bolster its research initiatives and clinical trials. These alliances are crucial in accelerating the development and commercialization of their therapeutic solutions.

Cybin's product pipeline is impressive, featuring multiple candidates in various stages of development. These include CYB001, a formulation targeting major depressive disorder, and CYB003, designed for anxiety disorders. Each product undergoes rigorous testing to ensure safety and effectiveness.

In summary, Cybin Inc. is at the forefront of revolutionizing mental health treatment through psychedelic-based therapies. Their dedication to advancing science and addressing unmet medical needs positions them as a significant player in the biopharmaceutical industry.

Rhea-AI Summary
Cybin Inc. announces the publication of a research manuscript in the Journal of Medicinal Chemistry, exploring structure-activity relationships of 2C-X analogs. The study led to the discovery of CYB210010, a potent serotonin 5-HT2 receptor agonist with favorable properties, showcasing the company's commitment to revolutionizing mental healthcare through innovative psychedelic-based treatment options.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
none
-
Rhea-AI Summary
Cybin Inc. announces the grant of an additional U.S. patent to support its CYB003 Breakthrough Therapy Program for Major Depressive Disorder. The patent is expected to provide exclusivity until at least 2041 and includes claims to pharmaceutical compositions within the Company's proprietary deuterated psilocybin analog program. Cybin's patent portfolio now consists of over 50 granted patents and 170 pending applications. The Company plans to begin enrollment for a multinational Phase 3 program evaluating CYB003 in Major Depressive Disorder by mid-year 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.43%
Tags
none
-
Rhea-AI Summary
Cybin Inc. announces CEO Doug Drysdale's presentation at the 2024 Bloom Burton & Co. Healthcare Investor Conference in Toronto, Ontario. The webcast will be live on April 16, 2024, at 1:30 p.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.88%
Tags
conferences
Rhea-AI Summary
Cybin Inc. announces the successful closing of a private placement, raising U.S.$150,000,000 for drug development activities and general corporate purposes. The company sold 348,837,210 common shares at U.S.$0.43 per share, with participation from various institutional investors. The funds will primarily support the development of CYB003, a potential treatment for Major Depressive Disorder.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.56%
Tags
none
-
Rhea-AI Summary
Cybin Inc. announced its participation in the upcoming Public Ventures Discovery Day on March 19, 2024, where Doug Drysdale, the CEO, will engage in a fireside chat. The event aims to showcase Cybin's innovative psychedelic-based treatment options.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
Tags
conferences
-
Rhea-AI Summary
Cybin Inc. announces the initiation of a Phase 2 study for CYB004, a proprietary deuterated DMT molecule, in the treatment of Generalized Anxiety Disorder (GAD). The study aims to provide a scalable, short-duration psychedelic experience for patients, potentially disrupting negative thought patterns. Topline Phase 2 safety and efficacy data are expected in Q4 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.23%
Tags
Rhea-AI Summary
Cybin Inc. announces positive End-of-Phase 2 meeting with FDA for CYB003, a deuterated psilocybin analog for Major Depressive Disorder. Phase 3 program to commence mid-2024 with 15 U.S. clinical trial sites targeted. CYB003 shows robust improvement in depression symptoms with 75% of patients in remission after two doses. Breakthrough Therapy Designation granted for CYB003 by FDA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.14%
Tags
-
Rhea-AI Summary
Cybin Inc. announces a proposed private placement of 348,837,210 common shares at a price of U.S.$0.43 per share, aiming to raise U.S.$150,000,000 for drug development activities and general corporate purposes. The offering is oversubscribed and led by Deep Track Capital, with participation from other institutional investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.55%
Tags
none
-
Rhea-AI Summary
Cybin Inc. receives Breakthrough Therapy Designation from the FDA for CYB003, a psychedelic-based therapy for Major Depressive Disorder. Positive Phase 2 trial results show significant improvement in depression symptoms with 75% remission after two doses. The company plans to progress to a Phase 3 study in mid-2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.55%
Tags
none
Rhea-AI Summary
Cybin Inc. announces a program update on CYB003, a Phase 2 trial for Major Depressive Disorder, including 4-month durability data. Company executives will host a conference call to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.55%
Tags
conferences

FAQ

What is the current stock price of Cybin (CYBN)?

The current stock price of Cybin (CYBN) is $10.115 as of November 4, 2024.

What is the market cap of Cybin (CYBN)?

The market cap of Cybin (CYBN) is approximately 201.9M.

What is Cybin Inc.?

Cybin Inc. is a biopharmaceutical company focused on developing psychedelic-based therapies for treating mental health conditions.

What does Cybin Inc. specialize in?

Cybin specializes in creating safe and effective treatments using psychedelic compounds to address psychiatric and neurological conditions.

What are the core areas of Cybin's research?

Cybin's research focuses on advancing psychedelic-based therapies, developing novel compounds, and improving drug delivery mechanisms.

What recent achievements has Cybin Inc. made?

Cybin has made significant progress in drug delivery technologies and the development of new chemical entities for mental health treatment.

Can you name some of Cybin's product candidates?

Cybin's pipeline includes CYB001 for major depressive disorder and CYB003 for anxiety disorders, among other candidates.

How does Cybin contribute to mental health treatment?

Cybin contributes by developing innovative psychedelic-based therapies aimed at providing effective treatments for various mental health conditions.

Has Cybin formed any strategic partnerships?

Yes, Cybin has established strategic partnerships and collaborations to support its research and clinical trials.

What is the significance of Cybin's drug delivery technologies?

Cybin's drug delivery technologies enhance the administration and therapeutic efficacy of psychedelic compounds.

What conditions are Cybin's therapies aimed at treating?

Cybin's therapies target psychiatric and neurological conditions such as depression, anxiety, and PTSD.

Where can I find the latest news about Cybin Inc.?

The latest news and updates about Cybin Inc. can be found on their official website and financial news platforms like StockTitan.

Cybin Inc.

NYSE:CYBN

CYBN Rankings

CYBN Stock Data

201.93M
19.99M
6.35%
38.41%
3.28%
Biotechnology
Healthcare
Link
United States of America
Toronto