Drug DevelopmentCYB003’s 71% remission rate at 12 months following two 16 mg doses, coupled with its FDA Breakthrough Therapy Designation, underscore meaningful registration potential.
Financial PositionThe recent announcement of a US$500 million convertible debenture facility—with US$50 million now funded—provides additional capital flexibility and extends runway beyond 2026.
Market OpportunityCYBN's CYB003 (deuterated psilocin analog) is in a Phase 3 program for adjunctive treatment of major depressive disorder, which presents a significant market opportunity.