As analysts continue to hold “BUY” calls on leading psychedelic stocks, this growing biotech firm may be one of the most promising companies to place on your watchlist!
The most watched and important clinical data for any investor to pay attention to is stage 2b. This data tells you if the drug works. Phase 3 data offers more insights. If the Phase 3 data is good, that’s when FDA approval can be expected. One little-known small-cap biotech firm owns 22.4% of COMPASS Pathways, a psilocybin-focused NASDAQ player. Compass Pathways’ Phase 2 study of COMP360 in PTSD patients demonstrated durable improvement in symptoms; Phase 3 data of COMP360 in TRD patients expected in 4Q’24! Compass is the crown jewel in this tiny biotech firm’s pipeline and the results are highly anticipated!
The potential of the psychedelics industry has never been bigger. Long-stigmatized drugs like esketemine, MDMA and psilocybin are advancing rapidly through clinical trials for treatments of a range of mental health conditions. This underfollowed biotech company is embarking on the study of these drugs and others for their potential to treat mental health issues. Proponents of the treatments suggest positive impacts on mood, emotional processing, and overall brain health. Psychedelics are an important and promising tool in fighting the mental health crisis. Mental health issues like depression, anxiety, addiction and PTSD continue to be stigmatized. Not everybody who needs help is coming forward to be diagnosed and treated. Many still suffer in silence. This is gradually changing, and great work is underway to reduce such stigma.
Discover how an exciting pipeline and a possible FDA approval may help this biotech company see incredible growth ahead.
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