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Cybin ( (TSE:CYBN) ) just unveiled an update.
Cybin has received European approval to initiate the EMBRACE study, part of its Phase 3 PARADIGM program, evaluating CYB003 for major depressive disorder. The study will enroll 330 participants across multiple countries, including Ireland, Poland, and Greece, and follows recent UK approval. This expansion highlights Cybin’s commitment to addressing mental health disorders globally and leveraging Europe’s clinical trial infrastructure. The EMBRACE study aims to provide new, effective treatments for patients with inadequately controlled depressive symptoms, reinforcing Cybin’s position in the neuropsychiatry industry.
The most recent analyst rating on (TSE:CYBN) stock is a Buy with a C$114.00 price target. To see the full list of analyst forecasts on Cybin stock, see the TSE:CYBN Stock Forecast page.
Spark’s Take on TSE:CYBN Stock
According to Spark, TipRanks’ AI Analyst, TSE:CYBN is a Underperform.
Cybin’s stock score is significantly impacted by its lack of revenue and continuous financial losses, resulting in a low valuation score. While technical indicators are neutral, positive corporate events indicate potential for future growth. However, current financial challenges remain the dominant concern.
To see Spark’s full report on TSE:CYBN stock, click here.
More about Cybin
Cybin is a late-stage breakthrough neuropsychiatry company focused on revolutionizing mental healthcare by developing next-generation treatment options for mental health conditions. The company is advancing CYB003, a deuterated psilocin analog, for major depressive disorder and CYB004 for generalized anxiety disorder, while maintaining a research pipeline of 5-HT-receptor focused compounds. Founded in 2019, Cybin operates in Canada, the United States, the United Kingdom, the Netherlands, and Ireland.
Technical Sentiment Signal: Hold
Current Market Cap: C$1.97M
Find detailed analytics on CYBN stock on TipRanks’ Stock Analysis page.