Cybin Inc | Company Profile
NEO : CYBN
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Cybin aims to deliver powerful and effective new psychedelic therapies for those with mental health conditions. Their ‘3 pillars strategy’ consists of novel drug discovery, proprietary drug delivery systems and an innovative treatment regimen.
Cybin has multiple patent filings covering a wide range of novel psychedelic compounds and novel drug delivery platforms. Their most advanced clinical trials are Phase IIA and IIB trails for sublingual psilocybin in patients with Major Depressive Disorder (MDD).
In June 2020 Cybin carried out a reverse takeover to list on the NEO exchange and raised C$45m in an upsized, oversubscribed raise. The company raised just over C$34m in a further round in February 2021 and on March 8th listed on the OTCQB Venture Market.