Financial ConcernsHigher operating expenses than expected were driven by increased clinical trial activity, impacting financial models.
Potential DilutionPotential for dilution exists with most clinical-stage biopharma companies, including CYBN, due to ongoing trials and future capital requirements.
Price Target AdjustmentThere has been a moderate decrease in the price target for Cybin shares, reflecting updated estimates and competitive dynamics in the psychedelics space.