Cybin’s Clinical Trial Indicates Promising Results for Psychedelic Mental Health Treatment

2.1 min readPublished On: November 6th, 2023By

A Canadian biopharmaceutical firm, Cybin, has shared promising results from a clinical trial suggesting the potential of psychedelic compounds in treating mental health issues. The company’s focus on developing advanced psychedelic therapeutics has yielded a significant milestone with their proprietary compound, CYB003.

CYB003 Demonstrates Significant Reduction in Depression Symptoms

Cybin’s recent press release detailed the interim outcomes of a trial involving their deuterated psilocybin analog, CYB003, which reportedly led to a substantial reduction in depression symptoms after just one dose. The trial’s participants experienced a significant change in their Montgomery-Asberg Depression Rating Scale (MADRS) scores, a clinically recognized measure for depression severity.

Three weeks following a single 12mg dose of CYB003, there was a remarkable 14.08-point reduction in MADRS total scores compared to the placebo group, a statistically significant outcome signified by a p-value of 0.0005 and a Cohen’s d of 2.15.

Cybin’s Commitment to Revolutionizing Mental Health Care

Amir Inamdar, Cybin’s Chief Medical Officer, expressed confidence in the interim results, indicating the potential efficacy of CYB003 in a range of mental health conditions, including major depressive disorder (MDD), anxiety disorders, and post-traumatic stress disorder. With mental health disorders affecting close to a billion individuals globally, the positive results from Cybin’s study may herald a new era of therapeutic options.

The Trial’s Encouraging Safety and Efficacy Profile

The phase 2 trial assessed the efficacy and safety profile of CYB003 up to doses of 16mg. The findings revealed no treatment-related serious adverse events, with reported side effects being mild or moderate and resolving on their own. The trial not only demonstrated a statistically significant improvement in depression symptoms but also a favorable safety profile.

Looking Ahead: Plans for Future Trials and FDA Discussions

Doug Drysdale, Cybin’s CEO, highlighted the breakthrough nature of these results, especially considering the rapid and sustained reduction in depressive symptoms post-treatment with CYB003. These interim results pave the path for more extensive trials anticipated to begin in early 2024.

With the full set of data expected to be released later in the quarter and additional 12-week durability data in the first quarter of 2024, Cybin is gearing up for a larger international Phase 3 trial. The company also plans to request a meeting with the FDA to discuss the Phase 3 trial design, alongside initiating dosing with a capsule formulation of CYB003.

Drysdale emphasized the significance of these findings not just for Cybin but for the broader psychedelics sector, as the company moves closer to its goal of enhancing treatment options across a spectrum of mental health disorders.

About the Author: HCN News Team

The News Team at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

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