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Compass Pathways Announces FDA Acceptance of IND Application for PTSD and Hosts Webinar on PTSD and TRD
Businesswire· 2026-01-07 11:30
Core Insights - Compass Pathways plc has received FDA acceptance for its IND application for COMP360, allowing the start of a late-stage clinical trial for PTSD [1][5] - The company aims to address the significant unmet need in PTSD and treatment-resistant depression (TRD) through innovative therapies [2][14] Late-Stage Clinical Trial for PTSD - The Phase 2b/3 clinical trial (COMP202) will evaluate the efficacy, safety, and tolerability of COMP360 in PTSD patients [5] - The trial consists of two parts: a 12-week blinded study comparing two doses of COMP360 (25 mg vs. 1 mg) and a 40-week open-label follow-up [5] - The primary efficacy endpoint is the change in CAPS-5 total severity score at Week 8 [5] Commercialization Readiness in TRD - Compass is preparing for the commercialization of COMP360 for TRD, with a focus on ensuring patient access if approved [2][12] - The company has had positive discussions with the FDA regarding its NDA submission strategy for COMP360 in TRD, including potential rolling submission scenarios [5] - The company has also expanded its collaborations to enhance the integration of COMP360 into healthcare settings [5] Financial Updates - Compass has amended its term loan facility with Hercules Capital, increasing it to $150 million, with $50 million already drawn [12] - The amendment extends the interest-only period until at least January 2029, providing financial flexibility [12] About PTSD and TRD - PTSD affects approximately 13 million adults in the U.S. annually, with limited treatment options available [10][8] - TRD impacts around 4 million patients in the U.S., characterized by inadequate response to multiple treatments [13]
Compass Pathways Establishes Strategic Collaboration with Radial to Innovate Patient Experience and Inform Potential Delivery Model of COMP360
Businesswire· 2026-01-06 11:30
Core Viewpoint - Compass Pathways plc is entering its seventh strategic collaboration with Radial Health, Inc. to enhance patient access to evidence-based innovation in interventional psychiatry [1] Group 1: Company Overview - Compass Pathways plc is a biotechnology company focused on accelerating patient access to innovative treatments [1] - Radial Health, Inc. is a national network specializing in interventional psychiatry practices, utilizing technology and operational expertise [1] Group 2: Strategic Collaboration - The collaboration aims to inform the development of scalable delivery models for psychiatric care [1]
Why COMPASS Pathways plc (CMPS) Draws Both Optimism and Caution
Yahoo Finance· 2025-12-27 12:43
Company Overview - COMPASS Pathways plc (NASDAQ:CMPS) is a London-based biotechnology company founded in 2020, focusing on mental health and committed to mental well-being [5]. Investment Potential - COMPASS Pathways is considered one of the best stocks for quick wealth accumulation, with a majority of analysts giving it a 'Buy' or equivalent rating. The median price target is $15, indicating an upside potential of 119.14% from the current price [1]. - Oppenheimer upgraded COMPASS Pathways to 'Outperform' from 'Perform', setting a price target of $15, driven by the potential of its psilocybin therapy for treatment-resistant depression [3]. - Gavin Clark-Gartner from Evercore ISI reaffirmed a 'Hold' rating with a price target of $8, reflecting a 16.87% upside potential from the current level [2]. Market Opportunity - Oppenheimer estimates a record sales opportunity of nearly $1.5 billion for COMPASS Pathways' psilocybin-based therapy, COMP360, which is significant compared to the company's current market capitalization of over $600 million [4]. - The company is expected to benefit from an early-mover advantage in the psychedelics space, supported by a strong financial position and adequate cash runway [4].
Compass Pathways to Host Webinar on Commercial Preparations for Treatment-Resistant Depression (TRD) and Clinical Trial Plans for Post-Traumatic Stress Disorder (PTSD) on January 7, 2026, 10:00am ET
Businesswire· 2025-12-09 11:30
Core Insights - Compass Pathways plc is hosting a webinar on January 7, 2026, to discuss its commercial preparations for treatment-resistant depression (TRD) and clinical trial plans for post-traumatic stress disorder (PTSD) [1] - The webinar will feature discussions on patient care pathways, provider economics for multi-hour treatments, and treatment model development in TRD [2][3] - The management team will review commercial readiness activities and the emerging profile of COMP360 in TRD, highlighting the unmet need in PTSD and detailing the planned late-stage program for COMP360 in this indication [3] Company Overview - Compass Pathways is a biotechnology company focused on accelerating patient access to evidence-based innovations in mental health, particularly for those with serious mental health conditions not adequately addressed by existing treatments [5] - The company is pioneering a new treatment paradigm with its investigational COMP360 synthetic psilocybin treatment, which has received Breakthrough Therapy designation from the FDA and Innovative Licensing and Access Pathway designation in the UK for TRD [5] Webinar Details - The webinar will include perspectives from key opinion leaders (KOLs) and industry leaders on the current treatment landscape and the significant unmet needs in TRD and PTSD [3] - Speakers at the event will include notable figures in the field of psychiatry and mental wellness [7]
Compass Pathways to Participate in Two Investor Conferences in December
Businesswire· 2025-11-20 11:30
Core Insights - Compass Pathways plc is a biotechnology company focused on mental health innovation, particularly through its investigational treatment COMP360, which has received Breakthrough Therapy designation from the FDA and ILAP designation in the UK for treatment-resistant depression [2][8]. Company Participation in Conferences - Compass Pathways will participate in two investor conferences in December 2025: the 8th Annual Evercore Healthcare Conference on December 2 at 10:00 am ET and the Piper Sandler 37th Annual Healthcare Conference on December 3 at 1:30 pm ET [1][4]. Financial and Business Updates - The company reported its third quarter 2025 financial results, highlighting an acceleration of its commercial launch plans for COMP360 by 9-12 months due to positive discussions with the FDA and completion of COMP006 enrollment [8]. Leadership Changes - Dr. Jeffrey Jonas has been appointed to the Board of Directors of Compass Pathways, bringing over 30 years of experience in pharmaceutical research and development, particularly in neuroscience [9].
Compass Pathways to Participate in Stifel 2025 Healthcare Conference
Businesswire· 2025-11-05 11:30
Core Viewpoint - Compass Pathways plc is focused on enhancing patient access to evidence-based innovations in mental health, indicating a commitment to advancing the biotechnology sector in this area [1] Company Participation - Management of Compass Pathways will participate in the Stifel 2025 Healthcare Conference scheduled for November 11, 2025, at 10:40 am ET [1] - A live audio webcast of the conference will be available on the company's website, allowing investors and stakeholders to access the event [1]
Compass Pathways to expedite launch timing of its experimental depression therapy
Reuters· 2025-11-04 11:45
Core Insights - Compass Pathways is accelerating the launch of its experimental psilocybin-based depression therapy by 9 to 12 months [1] Company Summary - The company is focused on developing innovative treatments for depression using psilocybin, a compound found in certain mushrooms [1]
NeuroKaire Enters into R&D Collaboration with Compass Pathways to Pioneer Precision Treatments for Depression
Prnewswire· 2025-10-30 12:30
Core Insights - NeuroKaire has initiated a research and development collaboration with Compass Pathways to enhance the understanding of psychedelic compounds for mental health therapies [1][4] - The collaboration will utilize patient-derived neurons to study the structure and connectivity of neurons, particularly focusing on treatment-resistant depression and major depressive disorder [2][5] Company Overview - NeuroKaire specializes in precision medicine solutions aimed at optimizing treatments for psychiatric and neurological diseases by leveraging biological data [6] - Compass Pathways is a biotechnology company focused on accelerating access to evidence-based mental health innovations, particularly through the development of synthetic psilocybin treatments [7] Research Methodology - The study will employ NeuroKaire's proprietary platform, which integrates advanced biology and AI-powered image analysis to investigate the effects of various compounds on neuronal communication [3][5] - The research aims to provide insights into the cellular mechanisms of potential treatments, thereby guiding future therapeutic developments [5] Strategic Importance - This collaboration represents a significant shift in psychiatry, merging human biology with machine learning to improve the transition from preclinical research to real-world patient outcomes [5] - Both companies express optimism about the potential for this partnership to lead to more effective and personalized mental health treatments [4][5]
Compass Pathways Appoints Dr. Jeffrey Jonas to Board of Directors
Businesswire· 2025-10-29 10:30
Core Insights - Compass Pathways plc has appointed Dr. Jeffrey Jonas to its Board of Directors, effective immediately, bringing over 30 years of experience in pharmaceutical research and development, particularly in neuroscience [1][3][4] - Thomas Lönngren will retire from the Board at the end of December after more than six years of service, having contributed significantly to the company's achievements, including the advancement of the COMP360 program [2][3] Company Overview - Compass Pathways is a biotechnology company focused on accelerating patient access to evidence-based innovations in mental health, particularly through its investigational COMP360 synthetic psilocybin treatment [6][7] - The company aims to address the growing mental health crisis by developing transformative treatments for conditions that are not adequately addressed by existing therapies [5][6] Product Development - COMP360 has received Breakthrough Therapy designation from the US FDA and Innovative Licensing and Access Pathway designation in the UK for treatment-resistant depression [7] - The company is pioneering a new treatment paradigm aimed at achieving rapid and durable responses for patients with serious mental health conditions [6][7] Leadership and Expertise - Dr. Jonas has held various leadership roles in life sciences, including CEO of Sage Therapeutics and President of the Regenerative Medicine Division at Shire Pharmaceuticals, and has a strong background in psychiatric disorders and neuropsychopharmacology [3][4] - His extensive experience is expected to be beneficial as Compass Pathways works towards bringing COMP360 to market, pending regulatory approval [3][5]
Compass Pathways to Announce Third Quarter Financial Results on November 4, 2025
Businesswire· 2025-10-28 10:30
Core Insights - Compass Pathways plc is set to announce its third quarter financial results for the period ending September 30, 2025, on November 4, 2025, and will provide updates on recent developments [1][2] Company Overview - Compass Pathways is a biotechnology company focused on improving patient access to evidence-based innovations in mental health, particularly for those with serious mental health conditions unresponsive to existing treatments [3][4] - The company is developing COMP360, a synthesized psilocybin treatment, which has received Breakthrough Therapy designation from the FDA and Innovative Licensing and Access Pathway designation in the UK for treatment-resistant depression [3] Upcoming Events - Management will host a conference call on November 4, 2025, at 8:00 am ET (1:00 pm UK), with a live webcast available on the company's website [2] - Compass Pathways is participating in several investor conferences, including the Cantor Global Healthcare Conference and the Morgan Stanley 23rd Annual Global Healthcare Conference in September 2025 [8][9]