Compass Pathways Plc ((CMPS)) announced an update on their ongoing clinical study.
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Compass Pathways Plc is conducting a Phase III clinical study titled ‘A Phase III, Multicentre, Randomised, Double-blind, Placebo-controlled Study to Investigate the Efficacy, Safety, and Tolerability of COMP360 in Participants With Treatment-resistant Depression.’ The study aims to evaluate the efficacy and safety of a single administration of COMP360, a psilocybin-based treatment, in reducing symptoms of treatment-resistant depression (TRD). This research is significant as it explores a novel approach to addressing TRD, a condition with limited effective treatments.
The intervention being tested is COMP360, a psilocybin-based drug. It is administered in a single 25 mg dose with psychological support, aiming to alleviate symptoms of TRD. The study compares this treatment to a placebo to assess its effectiveness and safety.
The study follows a randomized, parallel-group design with a quadruple masking approach, meaning that participants, care providers, investigators, and outcomes assessors are blinded to the treatment allocation. The primary purpose of the study is treatment, focusing on assessing the impact of COMP360 on TRD symptoms.
The study began on January 19, 2023, and is not currently recruiting participants. The primary completion date is yet to be announced, with the last update submitted on July 31, 2025. These dates are crucial for tracking the study’s progress and anticipating results.
This clinical study update could influence Compass Pathways’ stock performance and investor sentiment, as positive results may enhance the company’s market position in the mental health treatment sector. COMP360’s potential success could also impact competitors exploring alternative treatments for TRD.
The study is ongoing, and further details are available on the ClinicalTrials portal.