Psilocybin-focused mental health company Compass Pathways (Nasdaq:CMPS) has seen its share price steadily decline since late last year. In early November, 2021, its share price flirted with reaching $50 per share. On July 18, CMPS shares closed at $13.02. Today, however, the shares were up 6% in mid-day trading, hovering around $13.80, after the company…
Psilocybin therapy shows promise for treating anorexia and depression in small studies
Compass Pathways (Nasdaq:CMPS) announced positive data from two early studies focused on using psilocybin therapy for anorexia nervosa and severe treatment-resistant depression. The London-based company presented the results at the Society of Biological Psychiatry Annual Meeting in New Orleans. In the anorexia nervosa study, 10 patients received a single 25 mg of the company’s COMP360…
Tryp Therapeutics announces research alliance with the University of Michigan
La Jolla, Calif.–based Tryp (CSE: TRYP) is tapping the University of Michigan to test its TRP-8803 drug formulation against traditional oral formulations of synthetic psilocybin. The psilocybin-based drug developer will also work with the university to compare TRP-8803 with conventional formulations of synthetic psilocybin. In particular, the university will perform pharmacokinetic analysis for blood samples…