1. COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced that it has acquired an intellectual property (IP) portfolio including patent applications covering a variety of psychedelic and empathogenic substances. The IP was developed together with inventor Matthias Grill PhD, founder and CEO of MiHKAL GmbH in Basel, Switzerland, who will be working with COMPASS on an exclusive research project to develop new product candidates.

    The substances covered in the IP portfolio include a variety of psychedelic and empathogenic compounds, some of which are prodrugs - pharmacologically inactive compounds which are metabolised inside the…

    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced that it has acquired an intellectual property (IP) portfolio including patent applications covering a variety of psychedelic and empathogenic substances. The IP was developed together with inventor Matthias Grill PhD, founder and CEO of MiHKAL GmbH in Basel, Switzerland, who will be working with COMPASS on an exclusive research project to develop new product candidates.

    The substances covered in the IP portfolio include a variety of psychedelic and empathogenic compounds, some of which are prodrugs - pharmacologically inactive compounds which are metabolised inside the body to produce an active drug. The new substances include novel derivatives of known compounds, increasing the confidence in therapeutic effects and safety profile while offering optimised characteristics.

    Dr Matthias Grill has been involved in psychedelic chemistry research for over 15 years, gaining his PhD at the Max Planck Institute. He has held positions as Head of R&D at Arbolea GmbH, Lipomed AG and THC Pharm GmbH, and has synthesised psychedelic substances for a number of human research studies, including at the University of Basel and the National Institute of Mental Health in the Czech Republic.

    Dr Grill said: "Chemistry still happens inside the flask and not on paper. Inspired by the work of chemists like Albert Hofmann and Alexander Shulgin, I am proud to be developing these evolved compounds in Switzerland, where many of the initial psychedelics were first researched and synthesised. We are creating novel candidates to address many of the mental health challenges we face today."

    Lars Wilde, Chief Business Officer, President and Co-founder, COMPASS Pathways, said: "We are delighted to be working with Matthias and MiHKAL GmbH. This agreement will strengthen and expand our IP and development portfolio with new compounds. We plan to move some of these compounds into clinical development within the next two years, taking us closer to our goal of helping patients with urgent unmet needs in mental health care."

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com        

    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.        



    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, the potential efficacy of compounds included in the acquired IP portfolio in treating mental health illnesses, COMPASS's expectation to progress and the expected timing for progressing one or more of the compounds included in the acquired IP portfolio into preclinical study and clinical development, COMPASS's business strategy and goals, COMPASS's ability to continue to advance its research, including COMP360 and any product candidates that are selected from the acquired compounds, and COMPASS's expectations regarding the benefits of its psilocybin therapy, including COMP360. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical research and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.        

    Enquiries



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



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  2.       
    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, has engaged Hamilton Morris, the research scientist and film-maker, as a full-time consultant, who will be working primarily at the COMPASS Discovery Center, based at University of the Sciences in Philadelphia (USciences) in the United States. Mr Morris will be advising COMPASS on research related to new psychedelic compounds that could be developed into therapies in areas of unmet mental health need.

    Hamilton Morris is the creator and director of the documentary series Hamilton's Pharmacopeia, in which he investigates the chemistry, history, and cultural impact of various…

          

    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, has engaged Hamilton Morris, the research scientist and film-maker, as a full-time consultant, who will be working primarily at the COMPASS Discovery Center, based at University of the Sciences in Philadelphia (USciences) in the United States. Mr Morris will be advising COMPASS on research related to new psychedelic compounds that could be developed into therapies in areas of unmet mental health need.

    Hamilton Morris is the creator and director of the documentary series Hamilton's Pharmacopeia, in which he investigates the chemistry, history, and cultural impact of various psychoactive drugs. He also carries out chemistry research at USciences, alongside the COMPASS Discovery Center team there, led by Dr Jason Wallach, Assistant Professor of Pharmaceutical Sciences at USciences.

    Mr Morris said: "For over a decade, Jason and I have worked together studying the chemistry and pharmacology of psychedelics. Working with the COMPASS team will allow us to make strides in developing novel psychedelics that could have tremendous medical and scientific value."

    Lars Wilde, Chief Business Officer, President and Co-founder, COMPASS Pathways, said, "I am delighted to welcome Hamilton to our team. He is already well known for his deep knowledge and his enthusiasm. I believe his expertise will further enhance our world-class team of scientists who are finding new compounds for our portfolio of therapies for patients who are suffering with serious mental health challenges."

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com    



    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.      



    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, the efficacy of COMP360 psilocybin therapy as a treatment for depression, the expected timing for reporting data related to COMP360, COMPASS's business strategy and goals, COMPASS's ability to continue to advance its research, including COMP360, COMPASS's expectations regarding the benefits of its psilocybin therapy, including COMP360 and COMPASS's ability to advance new psychedelic compounds in other areas of unmet mental health need. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical research and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.         



    Enquiries

    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



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  3. NEW YORK, Sept. 9, 2021 /PRNewswire/ -- National Suicide Prevention Week is here and it's not only an opportunity to talk about mental health, but to also look at potential treatments. Suicide remains a leading cause of death in the US and mainstream medicine is continuing to look at unconventional mental health treatments like psychedelic-assisted psychotherapy in a new light. Psychedelic-assisted treatment programs have grown in scope and effectiveness, with several key players at the forefront. Revitalist Lifestyle and Wellness Ltd. (CSE:CALM) provides psychedelic treatment programs throughout the United States through public and private clients. COMPASS Pathways PLC (NASDAQ:CMPS) is another leading psychedelic treatment company with a focus…

    NEW YORK, Sept. 9, 2021 /PRNewswire/ -- National Suicide Prevention Week is here and it's not only an opportunity to talk about mental health, but to also look at potential treatments. Suicide remains a leading cause of death in the US and mainstream medicine is continuing to look at unconventional mental health treatments like psychedelic-assisted psychotherapy in a new light. Psychedelic-assisted treatment programs have grown in scope and effectiveness, with several key players at the forefront. Revitalist Lifestyle and Wellness Ltd. (CSE:CALM) provides psychedelic treatment programs throughout the United States through public and private clients. COMPASS Pathways PLC (NASDAQ:CMPS) is another leading psychedelic treatment company with a focus on psilocybin treatments in the UK. Numinus Wellness Inc. (TSXV:NUMI) (OTCPK: LKYSF) just announced the acquisition of the Neurology Centre of Toronto (NCT). Mind Medicine (MindMed) (NASDAQ:MNMD) (NEO:MMED) leads patient data analysis partnerships in the sector with psychedelic-assisted treatment programs. Additionally, companies like Mydecine Innovations Group Inc. (NEO:MYCO) (OTCPK:MYCOF) are expanding into the virtual health sector with remote education and treatment programs in psychedelic-assisted psychotherapy.

    Mental health and pain management treatment company Revitalist Lifestyle and Wellness Ltd. (CSE:CALM), which opened its first flagship clinic in Knoxville in 2018, provides cutting-edge medical services for mental health and pain management, including the use of ketamine, transmagnetic stimulation, vitamin infusion, and therapeutic treatments. Over the last few months, Revitalist has reached several milestones, including raising C$8.3 million and expanding to five clinics across Tennessee, Kentucky and North Carolina, with plans to open two new clinics by the end of October 2021.

    On August 24, Revitalist Lifestyle and Wellness provided a corporate update highlighting several strategic partnerships with Enterprise Stress Management, Athletes for Care to address growing concerns of athletes' mental health and pain conditions, and Stand for Kind. Revitalist is also supporting adolescent mental health through a partnership with the first-ever mental health basketball camp led by former WNBA Champion, Alexis Hornbuckle.

    September 9 saw the company announce 10 new letters of intent, signed with leading expert providers in the United States. Revitalist's footprint of innovative ketamine clinics will now grow due to the new options on licenses in 10 new cities in the US. Forward-looking guidance from the company indicates that it has also identified more opportunities for ketamine clinic acquisitions across several US states and will eye this expansion over the coming months.

    Revitalist Lifestyle and Wellness maintains a strong cash position and is seeking to expand operations into neighboring regions using its newly raised capital. The company maintains partnerships with the National Association of Social Workers, American Association of Nurse Anesthetists, and the Tennessee Association of Nurse Anesthetists.

    In the academic space, Revitalist Lifestyle and Wellness is partnered with the Neuroscience Education Institute, OutcomeMD and the American Society of Ketamine Physicians to facilitate growth and revenues for the company in its specialized treatment space.

    "Revitalist was founded in 2018 with a single clinic and a goal of providing innovative therapy and treatment options to those suffering from mental health and pain related conditions. Today, we have partnered with industry leading media and capital markets advisors to raise CAD $8,300,000 and expand our footprint to four clinics in four months across two States with three additional clinics expected to open in the Fall of 2021," stated Revitalist Founder and Chief Executive Officer, Kathryn Walker.

    The company's stock listing and growing revenues are being utilized as an opportunity for expansion of operations into new international markets. The announced patient acquisition strategy includes partners in the healthcare space, educational platforms and will further execute on its multi-channel patient acquisition strategy which leverages best in class partners, leading education platforms, paid search, email marketing, location-based SEO, influencer and advocate testimonials and more.

    Psychedelic Treatment Providers Grow With New Markets

    COMPASS Pathways PLC (NASDAQ:CMPS) has been making headway with its COMP360 psilocybin therapy with the Phase IIb clinical trial of COMP360 psilocybin therapy for TRD close to completion and on track to report data by the end of the year. The company is developing a partnership with leading UK institutions to accelerate psychedelic research and develop new models of mental health care in the UK

    Mental health care company Numinus Wellness Inc. (TSXV:NUMI) (OTC:LKYSF) just announced the acquisition of the Neurology Centre of Toronto (NCT), a fully operational neurology centre with 13 doctors, 8 allied health staff, nurse practitioners and physician assistants. Following the acquisition, NCT's expertise in clinical neurology and associated mental health disorders will be integrated with Numinus' psychedelic-assisted psychotherapy to establish the first centre for excellence in psychedelic neurology.

    Mind Medicine (MindMed) (NASDAQ:MNMD) (NEO:MMED) has announced a partnership with Forian Inc. to analyze datasets in specialized treatments of anxiety disorders. The psychedelic treatment company is looking to leverage patient profile data in the industry to develop more personalised treatment programs. The partnership is also slated to leverage public data for patient acquisition.

    Mydecine Innovations Group Inc. (NEO:MYCO) (OTC:MYCOF) is emerging as a psychedelic treatment company with the announcement of a new virtual health platform. Called Mindleap, the program offers virtual educational content on psychedelic treatment programs in connection with researchers and medical practitioners in the space. The announced virtual platform will provide information and marketing for the expanding industry.

    The industry is seeing expansion and growth in the private sector as well as partnerships in the public sector. Revitalist Lifestyle and Wellness is poised to leverage growth in both sectors through public equity investment, steady expansion, and partnerships with public entities.

    For more information about Revitalist Lifestyle and Wellness, please visit this link.

    DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above.  References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

     

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  4. London, UK – 7 September 2021, Sept. 07, 2021 (GLOBE NEWSWIRE) -- London, UK – 7 September 2021          

    COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that management will participate in three investor conferences in September as follows:

    • Citi 16th Annual BioPharma Virtual Conference: "Psychedelic Medicines for Mental Health Conditions" panel on 8th September at 2:20pm ET
    • Morgan Stanley 19th Annual Global Healthcare Conference: virtual fireside chat on 9th September at 10:15am ET
    • HC Wainwright 23rd Annual Global Investment Conference: on demand fireside chat available from 13 to 15 September

    Members of the COMPASS management…

    London, UK – 7 September 2021, Sept. 07, 2021 (GLOBE NEWSWIRE) -- London, UK – 7 September 2021          



    COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that management will participate in three investor conferences in September as follows:

    • Citi 16th Annual BioPharma Virtual Conference: "Psychedelic Medicines for Mental Health Conditions" panel on 8th September at 2:20pm ET
    • Morgan Stanley 19th Annual Global Healthcare Conference: virtual fireside chat on 9th September at 10:15am ET
    • HC Wainwright 23rd Annual Global Investment Conference: on demand fireside chat available from 13 to 15 September

    Members of the COMPASS management team will be holding investor meetings at the conferences.

    Audio webcasts of the panel at the Citi conference and presentations at the Morgan Stanley and HC Wainwright conferences will be available on the "Events" page of the Investors section of the COMPASS website. A replay of the webcast will be available for 30 days following the event. For more information, please visit ir.compasspathways.com.

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com    



    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.  





    Enquiries



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



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  5. New Collaboration Will Rapidly Accelerate AI Research and Innovation for Drug Design

    Cerebras Systems, the pioneer in high performance artificial intelligence (AI) compute, and Peptilogics, a biotechnology platform company and an emerging leader in leveraging computation to design novel therapeutics, today announced a collaboration to accelerate the development cycle of peptide therapeutics through AI.

    Leveraging the revolutionary Cerebras CS-2 system – powered by the world's fastest AI processor – Peptilogics will be able to push the boundaries of innovation in drug design and novel peptide therapeutics. This cutting-edge exploration of innovation is a scientific game changer with the potential to meaningfully reduce the time from bench…

    New Collaboration Will Rapidly Accelerate AI Research and Innovation for Drug Design

    Cerebras Systems, the pioneer in high performance artificial intelligence (AI) compute, and Peptilogics, a biotechnology platform company and an emerging leader in leveraging computation to design novel therapeutics, today announced a collaboration to accelerate the development cycle of peptide therapeutics through AI.

    Leveraging the revolutionary Cerebras CS-2 system – powered by the world's fastest AI processor – Peptilogics will be able to push the boundaries of innovation in drug design and novel peptide therapeutics. This cutting-edge exploration of innovation is a scientific game changer with the potential to meaningfully reduce the time from bench to bedside.

    "Our mission at Peptilogics is to radically alter drug development and realize the full potential of peptides as therapeutics," said Nick Nystrom, PhD, SVP and Head of Computation and Data, Peptilogics. "By partnering with Cerebras, we will be able to accelerate our research by orders of magnitude for important areas such as membrane proteins, including G protein coupled receptors (GPCRs). Traditional drug discovery operates on the time scale of one new drug in ten years. We aim to flip that to ten new leads in one year."

    Peptides are sequences of amino acids, essentially small proteins, that play critical roles in how our bodies operate. They offer relatively unexplored opportunities for therapeutics, conferring potential advantages over other types of drugs. The "design space," or number of possible peptide structures, is vastly larger than could be explored through traditional drug discovery. AI – specifically deep learning – is well-suited to identify ideal peptide structures as drug candidates.

    Through this collaboration, Cerebras and Peptilogics scientists will use the CS-2 system to develop and run advanced models to identify novel peptide therapeutics that meet specific biological activity and biophysical criteria. By accelerating the slowest step of the research cycle and training deep learning models on big data, Peptilogics with Cerebras will be positioned to deliver better therapeutics sooner. Peptilogics joins other life science leaders, including GSK and AstraZeneca, in leveraging Cerebras' industry-leading AI technology to advance drug discovery.

    "Peptilogics is operating at the forefront of AI-enabled drug design. With Cerebras, they are part of a select group of partners that share similar interests in pushing the boundaries of scientific research and AI computing to radically accelerate innovation for better healthcare outcomes," said Andy Hock, VP of Product at Cerebras. "Cerebras Systems makes world-leading AI compute accessible and easy to use so that our partners at Peptilogics can test more ideas quickly, reduce the cost of curiosity, and achieve their mission of discovering peptide therapeutics in record time."

    For more information, please visit https://cerebras.net/industries/health-and-pharma/.

    About Cerebras Systems

    Cerebras Systems is a team of pioneering computer architects, computer scientists, deep learning researchers, and engineers of all types. We have come together to build a new class of computer to accelerate artificial intelligence work by three orders of magnitude beyond the current state of the art. The CS-2 is the fastest AI computer in existence. It contains a collection of industry firsts, including the Cerebras Wafer Scale Engine (WSE-2). The WSE-2 is the largest chip ever built. It contains 2.6 trillion transistors and covers more than 46,225 square millimeters of silicon. By comparison, the largest graphics processor on the market has 54 billion transistors and covers 815 square millimeters. In artificial intelligence work, large chips process information more quickly producing answers in less time. As a result, neural networks that in the past took months to train, can now train in minutes on the Cerebras CS-2 powered by the WSE-2.

    About Peptilogics

    Peptilogics is a clinical-stage biotechnology platform company that designs and develops novel peptide therapeutics. The company is supported by investors including Presight Capital, Founders Fund, and Peter Thiel, who are known for their investments in companies such as AbCellera (NASDAQ:ABCL), Compass Pathways (NASDAQ:CMPS), SpaceX, and Synthego. Through its computational platform, Peptilogics is advancing drug discovery to uncover new, previously unexplored chemical design space, while ensuring biological viability and scalable manufacturing. Peptilogics' anti-infectives pipeline includes a novel clinical stage anti-infective, PLG0206, that has been granted FDA Orphan Drug Designation and Qualified Infectious Disease Product Designation for its initial focus on the treatment of prosthetic joint infections, an urgent unmet medical need. More information on Peptilogics can be found at www.peptilogics.com as well as on Twitter and LinkedIn.

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  6. Highlights:
    • Phase IIb COMP360 psilocybin therapy trial for treatment-resistant depression (TRD) close to completion; on track to report data by end of 2021
    • Partnership being developed with leading UK institutions to accelerate psychedelic research and develop new models of mental health care in the UK
    • Guy Goodwin appointed Chief Medical Officer and Danielle Schlosser appointed Senior Vice-President, Clinical Innovation
    • "Everyone has a story: talking about mental health" podcast launched to eliminate stigma and open up dialogue
    • Conference call today at 1:00pm UK (8:00am ET)

    LONDON, Aug. 11, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation…

    Highlights:

    • Phase IIb COMP360 psilocybin therapy trial for treatment-resistant depression (TRD) close to completion; on track to report data by end of 2021
    • Partnership being developed with leading UK institutions to accelerate psychedelic research and develop new models of mental health care in the UK
    • Guy Goodwin appointed Chief Medical Officer and Danielle Schlosser appointed Senior Vice-President, Clinical Innovation
    • "Everyone has a story: talking about mental health" podcast launched to eliminate stigma and open up dialogue
    • Conference call today at 1:00pm UK (8:00am ET)

    LONDON, Aug. 11, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, today reported its financial results for the second quarter 2021 and gave an update on recent progress across its business.

    George Goldsmith, Chairman, CEO and Co-founder, COMPASS Pathways, said, "We have completed psilocybin therapy administration in our COMP360 phase IIb trial, a significant milestone in our journey to bring new therapies to patients suffering with treatment-resistant depression. This is the largest trial ever conducted in psilocybin therapy, and it was done amid the lockdowns and challenges of the COVID pandemic. We are well-positioned for recruitment to phase III, pending results from the phase IIb study, which are expected later this year."

    Mr Goldsmith added, "We continue to invest in the expansion of our portfolio through new indications for psilocybin therapy and the discovery of new psychedelic compounds. We expect to see data this year from the investigator-initiated study of COMP360 psilocybin therapy in cancer patients, currently underway at Maryland Oncology Hematology at the Aquilino Cancer Center, and plan to begin new studies in other indications over the next few months."

    Business highlights

    • Phase IIb clinical trial of COMP360 psilocybin therapy for TRD close to completion
      • COMP360 psilocybin therapy has now been given to 233 patients, exceeding 216 target
      • On track to report top-line data by end of 2021
      • Dose-finding study comparing 25mg and 10mg of COMP360 psilocybin with 1mg, given in conjunction with psychological support from specially trained therapists
      • World's largest psilocybin therapy trial, taking place in 22 sites across 10 countries



    • Continued investment in the expansion of the COMPASS portfolio, exploring new indications through investigator-initiated studies (IISs) and new compounds through our Discovery Center

      • IIS at Maryland Oncology Hematology at the Aquilino Cancer Center, in the US, for COMP360 psilocybin therapy in cancer, due to finish and report data this year



    • Partnership being developed to accelerate psychedelic research and develop new models of mental health care in the UK
      • Memorandum of Understanding signed with South London and Maudsley NHS Foundation Trust and the Institute of Psychiatry, Psychology and Neuroscience at King's College London
      • Partnership intended to include research into areas of unmet need such as depression, post-traumatic stress disorder (PTSD) and anorexia nervosa
      • COMPASS is part of the working group that helped to establish mental health as one of the seven critical missions of the UK Government's new life sciences strategy



    • Team strengthened by new hires in all functions, with significant expansion in R&D and Digital
      • Professor Guy Goodwin appointed Chief Medical Officer, bringing deep experience and leadership in psychiatry; Professor Goodwin is Emeritus Professor of Psychiatry at The University of Oxford
      • Danielle Schlosser PhD appointed Senior Vice-President, Clinical Innovation, to lead therapist research and training, bringing her clinical experience in behavioural health and expertise in digital health innovation. Dr Schlosser joins from Verily Life Sciences, a sister company to Google
      • Leadership hires in clinical science, regulatory affairs, clinical safety, quality and manufacturing, in preparation for phase III, new compounds and additional indications
    • Eight patents now granted covering COMPASS's novel crystalline polymorphic psilocybin, psilocybin formulations, methods of manufacturing psilocybin, and use of psilocybin for the treatment of psychiatric and neurological indications
      • Numerous additional patent applications under review including three Patent Cooperation Treaty (PCT) applications
    • New podcast launched: "Everyone has a story: talking about mental health"
      • Aims to encourage dialogue around mental health challenges, in order to eliminate stigma and secure better care for those who are suffering

    Financial highlights

    • Net loss for the three months ended 30 June 2021 was $17.5 million, or $0.44 loss per share, (after including non-cash share-based compensation expense of $1.9 million) compared with $16.2 million, or $1.65 loss per share, during the same period in 2020 (after including non-cash share-based compensation expense of $9.7 million)



    • Net loss for the six months ended 30 June 2021 was $30.2 million, or $0.79 loss per share, (after including non-cash share-based compensation expense of $3.6 million) compared with $24.8 million, or $2.61 loss per share, during the same period in 2020 (after including non-cash share-based compensation expense of $11.4 million)



    • Research and development (R&D) expenses were $11.4 million for the three months ended 30 June 2021, compared with $6.7 million during the same period in 2020. Of this increase, $4.7 million reflected increased development activities and $1.4 million related to hiring additional staff, as COMPASS progresses its COMP360 psilocybin therapy in TRD, and continues to explore additional indications and therapeutic approaches. There was a reduction of $1.7 million in non-cash share-based compensation expense compared with the same period in the prior year



    • R&D expenses were $18.2 million for the six months ended 30 June 2021, compared with $12.0 million during the same period in 2020. Of this increase, $5.3 million reflected increased development activities and $2.2 million related to hiring additional staff, as COMPASS progresses its COMP360 psilocybin therapy in TRD, and continues to explore additional indications and therapeutic approaches. There was a reduction of $1.8 million in non-cash share-based compensation expense compared with the same period in the prior year



    • General and administrative (G&A) expenses were $8.2 million for the three months ended 30 June 2021, compared with $11.0 million during the same period in 2020. The decrease was attributable to reductions of $6.1 million and $0.5 million respectively in non-cash share-based compensation and legal and professional fees, offset against an increase of $1.8 million and $2.0 million respectively in personnel expenses and facilities and other expenses



    • G&A expenses were $14.9 million for the six months ended 30 June 2021, compared with $14.4 million during the same period in 2020. The increase was attributable to an increase of $3.3 million and $3.1 million respectively in personnel expenses and facilities and other expenses, offset against a decrease of $6.1 million in non-cash share-based compensation expenses



    • Cash and cash equivalents were $316.3 million as of 30 June 2021, compared with $190.3 million as at 31 December 2020. In May 2021, we closed an underwritten public offering, including the full exercise of the underwriters' greenshoe option, and received net cash proceeds of approximately $154.8 million, after deducting underwriting discounts and commissions and other offering expenses

    Conference call

    The COMPASS Pathways management team will host a conference call at 1.00pm UK (8.00am ET) on 11 August 2021. The call can be accessed by dialing (833) 665-0659 from the United States, +1 (914) 987-7313 internationally, and 0800 028 8438 from the UK, followed by the conference ID: 3495828.

    The call will also be webcast on the investors section of the COMPASS Pathways website (ir.compasspathways.com) and archived for 30 days.



    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com        



    Availability of other information about COMPASS Pathways        



    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.        



    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, COMPASS's business strategy and goals, and COMPASS's expectations regarding our ongoing preclinical work and clinical trials, including the development of potential new compounds and the expansion of indications for COMPASS's investigational psilocybin therapy, the success of partnerships with third parties and academic institutions, the success of our hiring strategy, and the timing of the release of clinical data, including from our ongoing phase IIb clinical trial and from investigator-initiated studies. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.

    Enquiries



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



    COMPASS PATHWAYS PLC
    Condensed Consolidated Balance Sheets
    (unaudited)
    (in thousands, except share and per share amounts)
    (expressed in U.S. Dollars, unless otherwise stated)
        
     June 30, December 31,
     2021 2020
    ASSETS   
    CURRENT ASSETS:   
    Cash$316,334   $190,327  
    Restricted cash29   29  
    Prepaid income tax104   —  
    Prepaid expenses and other current assets17,568   12,048  
    Total current assets334,035   202,404  
    Investment536   529  
    Property and equipment, net326   245  
    Deferred tax assets221   221  
    Other assets43   57  
    Total assets$335,161  $203,456  
    LIABILITIES AND SHAREHOLDERS' EQUITY   
    CURRENT LIABILITIES:   
    Accounts payable$3,894   $2,747  
    Accrued expenses and other liabilities3,907   4,148  
    Total current liabilities7,801   6,895  
    Total liabilities7,801   6,895  
        
    Commitments and contingencies (Note 13)   
    SHAREHOLDERS' EQUITY:   
    Ordinary shares, £0.008 par value; 41,695,335 and 35,930,331 shares authorized, issued and outstanding at June 30, 2021 and December 31, 2020, respectively431   367  
    Deferred shares, £21,921.504 par value; one share authorized, issued and outstanding at June 30, 2021 and December 31, 202028   28  
    Additional paid-in capital438,825   279,480  
    Accumulated other comprehensive income16,218   14,585  
    Accumulated deficit(128,142)  (97,899) 
        Total shareholders' equity327,360   196,561  
        Total liabilities and shareholders' equity$335,161   $203,456  
            



    COMPASS PATHWAYS PLC
    Condensed Consolidated Statements of Operations and Comprehensive Loss
    (unaudited)
    (in thousands, except share and per share amounts)
        
     Three Months Ended June 30, Six Months Ended June 30,
     2021 2020 2021 2020
    OPERATING EXPENSES:       
    Research and development$11,353   $6,724   $18,237   $11,947  
    General and administrative8,175   10,963   14,893    14,445  
    Total operating expenses19,528   17,687   33,130   26,392  
    LOSS FROM OPERATIONS: (19,528)  (17,687)  (33,130)  (26,392) 
    OTHER INCOME (EXPENSE), NET:       
    Other income, net  164     179  
    Foreign exchange (losses) gains(550)  1,001   (1,193)  1,079  
    Fair value change of convertible notes—   (407)  —   (1,023) 
    Fair value change of convertible notes - due to a related party—   (285)  —   (717) 
    Benefit from R&D tax credit2,558   1,008   4,115   2,083  
    Total other income (expense), net2,009   1,481   2,924   1,601  
    Loss before income taxes(17,519)  (16,206)  (30,206)  (24,791) 
    Income tax expense(9)  (43)  (37)  (43) 
    Net loss(17,528)  (16,249)  (30,243)  (24,834) 
    Other comprehensive income:       
    Foreign exchange translation adjustment (355)  (685)  1,633 (1,033) 
    Comprehensive loss$(17,883)  $(16,934)  $(28,610)  $(25,867) 
    Net loss per share attributable to ordinary shareholders—basic and diluted$(0.44)  $(1.65)  $(0.79)  $(2.61) 
    Weighted average ordinary shares outstanding—basic and diluted 39,802,532   9,866,428   38,194,822   9,528,596  


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  7. London, UK, Aug. 04, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that it will release financial results for the second quarter 2021, and provide an update on recent business developments, on 11 August 2021.

    The management team will host a conference call at 1:00pm UK (8.00am ET) on 11 August. The call can be accessed by dialing (833) 665-0659 from the United States, +1 (914) 987-7313 internationally, and 0800 028 8438 from the UK, followed by the conference ID: 3495828.

    The call will also be webcast on the Investors section of the COMPASS Pathways website. The webcast will be archived for 30…

    London, UK, Aug. 04, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that it will release financial results for the second quarter 2021, and provide an update on recent business developments, on 11 August 2021.

    The management team will host a conference call at 1:00pm UK (8.00am ET) on 11 August. The call can be accessed by dialing (833) 665-0659 from the United States, +1 (914) 987-7313 internationally, and 0800 028 8438 from the UK, followed by the conference ID: 3495828.

    The call will also be webcast on the Investors section of the COMPASS Pathways website. The webcast will be archived for 30 days.

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com

     

    Contacts:

    COMPASS Pathways

    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401-290-7324

     



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  8. London, UK , Aug. 03, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that members of its management team will participate in fireside chats at two investor conferences in August as follows:

    • BTIG Virtual Biotechnology Conference: 10:30am ET on 9 August
    • Canaccord Genuity 41st Annual Growth Conference: 2:00pm ET on 10 August

    Members of the COMPASS management team will be holding investor meetings at both conferences.

    A live audio webcast of the talk at the Canaccord Genuity conference will be available on the "Events" page of the Investors section of the COMPASS website. A replay of the webcast will…

    London, UK , Aug. 03, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that members of its management team will participate in fireside chats at two investor conferences in August as follows:

    • BTIG Virtual Biotechnology Conference: 10:30am ET on 9 August
    • Canaccord Genuity 41st Annual Growth Conference: 2:00pm ET on 10 August

    Members of the COMPASS management team will be holding investor meetings at both conferences.

    A live audio webcast of the talk at the Canaccord Genuity conference will be available on the "Events" page of the Investors section of the COMPASS website. A replay of the webcast will be available for 30 days following the event. For more information, please visit ir.compasspathways.com.

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com    



    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.  





    Enquiries



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



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  9. COMPASS announces changes to its Executive Team

    London, UK – 29 July 2021        

    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced that it has appointed eminent psychiatrist, Professor Guy Goodwin FMedSci, as Chief Medical Officer.

    Guy Goodwin is Emeritus Professor of Psychiatry at The University of Oxford. He was formerly WA Handley Chair of Psychiatry and Head of the University's Department of Psychiatry. His research interests have long been in the treatment of mood disorder and the application of neuroscience and technology in understanding its neurobiology, with a focus on developing new treatments…

    COMPASS announces changes to its Executive Team

    London, UK – 29 July 2021        



    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced that it has appointed eminent psychiatrist, Professor Guy Goodwin FMedSci, as Chief Medical Officer.

    Guy Goodwin is Emeritus Professor of Psychiatry at The University of Oxford. He was formerly WA Handley Chair of Psychiatry and Head of the University's Department of Psychiatry. His research interests have long been in the treatment of mood disorder and the application of neuroscience and technology in understanding its neurobiology, with a focus on developing new treatments.

    Professor Goodwin is a Fellow of the American College of Neuropsychopharmacology, and former President of the British Association for Psychopharmacology and of the European College of Neuropsychopharmacology. He is also an Emeritus Senior Investigator on the faculty of the UK National Institute for Health Research, and a Thomson Reuters highly cited researcher (top 1% in field). He is currently Medical Director at P1vital, a clinical research and healthcare organisation.

    Professor Goodwin said: "I have been working with COMPASS in an advisory capacity since the beginning of the phase IIb clinical trial of psilocybin therapy for treatment-resistant depression. I am now delighted to be taking a more active role in bringing this innovative therapy to patients who desperately need new options in psychiatry."

    COMPASS also announced that Piers Morgan, Chief Financial Officer, will be leaving towards the end of 2021, to take up a new position in CellCentric, a clinical stage oncology company.

    George Goldsmith, CEO and Co-founder, COMPASS Pathways, said: "Guy Goodwin is a deeply experienced psychiatrist, an outstanding leader in the field who is wholly committed to patient care. We are so pleased to welcome him to the team and look forward to working together to transform mental health care for patients."

    George added: "Piers Morgan has been a tremendous CFO for COMPASS. He led our successful IPO last year and follow-on raise earlier this year, and helped us to build a strong finance function as we transitioned to life as a public company. We will miss him enormously and wish him well as he moves on to help another company, towards the end of the year. A new CFO will be appointed and announced in due course."

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com    



    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.      



    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, the efficacy of COMP360 psilocybin therapy as a treatment for depression, the expected timing for reporting data related to COMP360, COMPASS's business strategy and goals, COMPASS's ability to continue to advance its research, including COMP360, and COMPASS's expectations regarding the benefits of its psilocybin therapy, including COMP360. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical research and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.         



    Enquiries

    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



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  10.   
     


     

    London, UK – 21 July 2021        

    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced that it has appointed Danielle Schlosser PhD as Senior Vice-President, Clinical Innovation. Dr Schlosser will lead COMPASS's Therapy Research and Training team, bringing her clinical experience in behavioural health and experience in digital health innovation.

    Danielle Schlosser joins COMPASS from Verily Life Sciences, a sister company to Google, where she was Behavioural Health Lead, overseeing the launch of several products including digital measurement capabilities and clinical care initiatives. Danielle is a member of the…

      
     



     

    London, UK – 21 July 2021        



    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced that it has appointed Danielle Schlosser PhD as Senior Vice-President, Clinical Innovation. Dr Schlosser will lead COMPASS's Therapy Research and Training team, bringing her clinical experience in behavioural health and experience in digital health innovation.

    Danielle Schlosser joins COMPASS from Verily Life Sciences, a sister company to Google, where she was Behavioural Health Lead, overseeing the launch of several products including digital measurement capabilities and clinical care initiatives. Danielle is a member of the World Economic Forum's Global Future Council on Mental Health, and Chair of OneFifteen Health, a non-profit recovery ecosystem helping people who struggle with addiction and mental health disorders. She is also an Assistant Professor of Psychiatry at the University of California San Francisco. 

    Dr Schlosser said: "I am passionate about improving the mental health and wellbeing of people, at scale, and am inspired by COMPASS's work and rapid progress in this area. I look forward to working with the team to bring therapies to patients who desperately need better options."

    Ekaterina Malievskaia MD, Chief Innovation Officer and Co-founder, COMPASS Pathways, said: "I am delighted to welcome Danielle to the team. Her clinical and digital innovation expertise will accelerate our work as we move towards a phase III clinical trial, and adds to the tremendous strength we now have in our digital and AI team. COMPASS continues to grow rapidly – we are now a team of 100 people, having expanded in a number of areas, including R&D, manufacturing, quality, and digital. This will enable us to work even more quickly, progressing our psilocybin therapy for treatment-resistant depression, expanding our portfolio into other areas of unmet need, and transforming mental health care. We all remain as committed as ever to bringing innovation to patients who aren't helped by existing treatments."

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com    



    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.      



    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, the efficacy of COMP360 psilocybin therapy as a treatment for depression, the expected timing for reporting data related to COMP360, COMPASS's business strategy and goals, COMPASS's ability to continue to advance its research, including COMP360, and COMPASS's expectations regarding the benefits of its psilocybin therapy, including COMP360. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical research and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.         



    Enquiries



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



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  11. London, UK, July 07, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that Lars Wilde, President, Chief Business Officer, and Co‑founder, will participate in a fireside chat at 10:10am ET at Cowen's Psychedelics & Novel Mechanisms in Neuropsychiatry Virtual Summit on 13 July.

    Members of the COMPASS management team will be holding investor meetings at the conference.

    A live audio webcast of the presentation will be available on the "Events" page of the Investors section of the COMPASS website. A replay of the webcast will be available for 30 days following the event. For more information, please…

    London, UK, July 07, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that Lars Wilde, President, Chief Business Officer, and Co‑founder, will participate in a fireside chat at 10:10am ET at Cowen's Psychedelics & Novel Mechanisms in Neuropsychiatry Virtual Summit on 13 July.

    Members of the COMPASS management team will be holding investor meetings at the conference.

    A live audio webcast of the presentation will be available on the "Events" page of the Investors section of the COMPASS website. A replay of the webcast will be available for 30 days following the event. For more information, please visit ir.compasspathways.com.

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com    



    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.  





    Enquiries



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



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  12. London, UK – 5 July 2021

    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, has signed a Memorandum of Understanding (MoU) with South London and Maudsley NHS Foundation Trust (SLaM) and the Institute of Psychiatry, Psychology and Neuroscience (IoPPN) at King's College London, aimed at advancing psychedelic research and developing ambitious new models of care for mental health in the UK. 

    The three parties are keen to collaborate on a multi-year partnership that reflects their commitment to delivering innovation in mental health care. This collaboration is intended to include research into COMP360 psilocybin therapy…

    London, UK – 5 July 2021

    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, has signed a Memorandum of Understanding (MoU) with South London and Maudsley NHS Foundation Trust (SLaM) and the Institute of Psychiatry, Psychology and Neuroscience (IoPPN) at King's College London, aimed at advancing psychedelic research and developing ambitious new models of care for mental health in the UK. 

    The three parties are keen to collaborate on a multi-year partnership that reflects their commitment to delivering innovation in mental health care. This collaboration is intended to include research into COMP360 psilocybin therapy and other novel therapies that may be developed by COMPASS in areas of unmet need such as depression, post-traumatic stress disorder (PTSD) and anorexia. It is also intended to include training therapists in psychedelic therapy, generating real-world evidence, prototyping digital solutions, and building state-of-the-art facilities for research as well as for modelling the "mental health care clinic of the future".

    David Bradley, Chief Executive of South London and Maudsley NHS Foundation Trust, said, "We believe this collaboration could accelerate much-needed research that will translate into evidence-based and direct patient care for people who use our services. This is a really exciting prospect and has the potential to change people's lives for the better."

    Professor Allan Young, Head of Academic Psychiatry at King's IoPPN, said, "We have been in partnership with SLaM at the Maudsley Biomedical Research Centre since 2007, and with COMPASS on COMP360 psilocybin therapy research since 2018. By combining our strengths in biomedical research, clinical trials, clinical care, translational science, training, and digital innovation, we can create a world-class centre of excellence in mental health."

    George Goldsmith, CEO and Co‑founder, COMPASS Pathways, said: "So many of us know people who are suffering with mental health issues, but are not helped by existing treatments. We are dedicated to providing new ways of caring for people on their journey to mental wellbeing – but we cannot do this alone. This partnership would help to amplify our combined efforts so we can bring evidence-based innovation, on a large scale, to people in the UK."

    -Ends-

     

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently completing a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com.

    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933. 

    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, the efficacy of COMP360 psilocybin therapy as a treatment for depression, COMPASS's business strategy and goals, including the success of its strategy to develop additional therapies for the treatment of depression as well as other mental health illnesses, COMPASS's ability to continue to advance its research, including with respect to COMP360 and other potential therapies, and COMPASS's expectations regarding the benefits of its psilocybin therapy, including COMP360, and other therapies it may develop. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical research and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.                     

    About South London and Maudsley NHS Foundation Trust

    South London and Maudsley NHS Foundation Trust is a large and complex multi-site provider of mental health services – providing the widest range of NHS mental health services in the UK. We aim to make a difference to lives by seeking excellence in all areas of mental health and wellbeing. We also provide substance misuse services for people who are addicted to drugs and alcohol. Our 5,000 staff serve a local population of 1.3 million people. We offer more than 260 services including inpatient wards, outpatient and community service. We provide care for 41,000 patients in the community in Lambeth, Southwark, Lewisham and Croydon. As well as serving the communities of south London, we provide more than 20 specialist services for children and adults across the UK including perinatal services, eating disorders, psychosis and autism.

    About King's College London

    King's College London is one of the top 35 UK universities in the world and one of the top 10 in Europe (QS World University Rankings, 2020/21) and among the oldest in England. King's has more than 31,000 students (including more than 12,800 postgraduates) from some 150 countries worldwide, and some 8,500 staff.

    King's has an outstanding reputation for world-class teaching and cutting-edge research. In the 2014 Research Excellence Framework (REF), eighty-four per cent of research at King's was deemed ‘world-leading' or ‘internationally excellent' (3* and 4*).

    Since our foundation, King's students and staff have dedicated themselves in the service of society. King's will continue to focus on world-leading education, research and service, and will have an increasingly proactive role to play in a more interconnected, complex world. Visit our website to find out more about Vision 2029, King's strategic vision to take the university to the 200th anniversary of its founding.

    World-changing ideas. Life-changing impact: https://www.kcl.ac.uk/news/headlines.aspx

    Enquiries

    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



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  13.   
     


     

    London, UK – 30 June 2021


    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, launched a new podcast today – "Everyone has a story: talking about mental health".

    The podcast will feature influential guests who will talk about their mental health journeys, share their personal stories, and discuss critical issues in mental health care, including compassion and patient access. Everyone has a story: talking about mental health aims to open up dialogue about mental health challenges, to reduce stigma and to secure better care for those who are suffering.

    The first episode will feature mental health campaigner and former…

      
     



     

    London, UK – 30 June 2021



    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, launched a new podcast today – "Everyone has a story: talking about mental health".

    The podcast will feature influential guests who will talk about their mental health journeys, share their personal stories, and discuss critical issues in mental health care, including compassion and patient access. Everyone has a story: talking about mental health aims to open up dialogue about mental health challenges, to reduce stigma and to secure better care for those who are suffering.

    The first episode will feature mental health campaigner and former UK government health minister, Sir Norman Lamb, who is currently Chair of South London and Maudsley NHS Foundation Trust and Chairman of the Children's and Young People's Mental Health Coalition in the UK. He joins COMPASS Pathways CEO and Co-founder George Goldsmith to talk about the experiences of dealing with mental health difficulties in their own families, the impact of COVID-19, and the challenges facing mental health care systems today.

    Sir Norman Lamb said: "It's really important to open up about mental health. Our family has been touched by mental ill health just like most families. Talking about our experiences makes it a little easier for others to seek help when they are worried about what's going on in their head. I hope the podcast will contribute to this public discussion. We have made real progress over the last 10 years in reducing stigma relating to mental ill health but we still have a long way to go to complete the revolution!"

    Episode two, to be released in July, will feature Grammy-award nominated singer, New York Times bestselling author and mental health advocate, Jewel, who will be talking about how she overcame her mental health challenges as a teenager, how she maintains her mental wellbeing today, and her Inspiring Children's Foundation.

    Jewel said: "As kids, we're not taught mental hygiene and emotional hygiene in the same way that we're taught, say, dental hygiene. And yet our teeth are nowhere near as important as learning how to curate our thoughts. We need to teach a new emotional language, one that will help children and young people to take charge of their own happiness. That starts by having the conversations and talking openly about mental health, as we're doing through this podcast."

    George Goldsmith said: "We are living through a growing mental health care crisis. Even before COVID, one in four people experienced some form of mental health challenge, with more than 320 million people around the world suffering with depression. One person dies from suicide every 40 seconds, and in that time 20 more people attempt it. Mental health care remains woefully inadequate for the vast majority of sufferers and stigma is still a huge issue.

    "Our vision at COMPASS is a world of mental wellbeing, a world in which there is no stigma around mental health, and people have choices in how they manage their mental health care. We hope the stories that unfold on "Everyone has a story" will inspire listeners to share their own experiences, and open up conversations everywhere about mental health and mental health care."

    Subscribe to "Everyone has a story: talking about mental health" on the COMPASS website or by searching for it on your favourite podcast app.

    -Ends-



    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com

    Availability of other information about COMPASS Pathways

    Investors and others should note that the Company communicates with its investors and the public using its website (www.compasspathways.com), its investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information posted on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in the Company to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of the Company's website or these channels, or any other website that may be accessed from the website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.           



    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, the safety profile of COMP360 and the efficacy of COMP360 psilocybin therapy as a treatment for depression, COMPASS's business strategy and goals, COMPASS's ability to continue to advance its research, including COMP360, and COMPASS's expectations regarding the benefits of its COMP360 psilocybin therapy. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical research and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.         



    Enquiries

    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423

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  14. London, UK, June 28, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that it has completed psilocybin administration to the target 216 patients in its phase IIb clinical trial of COMP360 psilocybin therapy for treatment-resistant depression. This is the world's largest psilocybin therapy trial to date.

    The trial is a randomised controlled, double-blinded, dose-ranging study, investigating the safety and efficacy of psilocybin therapy and comparing a 25mg and 10mg dose of COMP360 psilocybin with a 1mg dose, administered in conjunction with psychological support from specially trained…

    London, UK, June 28, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that it has completed psilocybin administration to the target 216 patients in its phase IIb clinical trial of COMP360 psilocybin therapy for treatment-resistant depression. This is the world's largest psilocybin therapy trial to date.

    The trial is a randomised controlled, double-blinded, dose-ranging study, investigating the safety and efficacy of psilocybin therapy and comparing a 25mg and 10mg dose of COMP360 psilocybin with a 1mg dose, administered in conjunction with psychological support from specially trained therapists. The 216th patient in the trial had their psilocybin session late last week. Although the target of 216 patients has been achieved and enrolment has now been closed, all enrolled patients who are in the run-in period and have not yet had their psilocybin therapy session, will remain in the trial. This means the number of patients included in the final analysis will be approximately 230, with all psilocybin sessions expected to be completed by 8 July.

    Patients are followed-up for 12 weeks after their psilocybin session. COMPASS remains on track to report data in late 2021.  

    Sue Stansfield PhD, Senior Vice-President, Clinical Operations, COMPASS Pathways, said, "Thank you to everyone on the team and to all our partners and trial sites who have kept this trial going over the last year, despite the pandemic. The safety of patients and of our teams has always been our first priority, and we have introduced measures such as air filtration units and therapists wearing clear masks, to ensure patients were as comfortable as possible in the midst of all the COVID precautions."

    George Goldsmith, CEO and Co-founder, COMPASS Pathways, said, "Completing recruitment to our trial is a tremendous milestone and a huge step forward towards our goal of getting psilocybin therapy to patients in need. We are fortunate to be doing this in collaboration with hundreds of talented and dedicated people from our 22 trial sites in 10 countries - including investigators, raters, study coordinators and nurses, therapists, and pharmacists – as well as our supply chain and clinical research partners. This has been an amazing effort by the whole team, who are delivering the world's largest psilocybin therapy clinical trial, in the middle of a pandemic, and with all the uncertainties and changes brought on by national lockdowns and site closures.

    "We'd like to recognise and thank everyone who helped to make this trial happen, including all the patients who participated. We are now looking forward to completing the trial, and analysing and sharing the data later in the year. COMPASS is well financed following our recent fundraising of over $165m. We expect to be ready to commence phase III trials as soon as we receive regulatory support to do so, based on our phase IIb results."

    -Ends-



    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com      



    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.        



    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, the efficacy of COMP360 psilocybin therapy as a treatment for depression, the expected timing for reporting data related to COMP360, COMPASS's business strategy and goals, COMPASS's ability to continue to advance its research, including COMP360, and COMPASS's expectations regarding the benefits of its psilocybin therapy, including COMP360. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical research and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.     



    Enquiries



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



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  15. /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/

    ROCK CREEK, BC, June 24, 2021 /CNW/ - SpeakEasy Cannabis Club Ltd. (CSE:EASY) (Frankfurt: 39H) (the "Company" or "SpeakEasy"), a holder of a federal licence to cultivate, process and sell cannabis under the Cannabis Act, is pleased to announce that it has entered into a share purchase agreement dated June 24, 2021 among the Company, Karolos Research Inc. ("Karolos") and each of the security holders of Karolos (the "Definitive Agreement") in connection with the proposed acquisition (the "Acquisition") of all of the issued and outstanding securities of Karolos (the "Karolos Securities").

    Pursuant to the Definitive Agreement, SpeakEasy…

    /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/

    ROCK CREEK, BC, June 24, 2021 /CNW/ - SpeakEasy Cannabis Club Ltd. (CSE:EASY) (Frankfurt: 39H) (the "Company" or "SpeakEasy"), a holder of a federal licence to cultivate, process and sell cannabis under the Cannabis Act, is pleased to announce that it has entered into a share purchase agreement dated June 24, 2021 among the Company, Karolos Research Inc. ("Karolos") and each of the security holders of Karolos (the "Definitive Agreement") in connection with the proposed acquisition (the "Acquisition") of all of the issued and outstanding securities of Karolos (the "Karolos Securities").

    Pursuant to the Definitive Agreement, SpeakEasy would acquire all of the Karolos Securities in exchange for the issuance of 11,500,000 common shares in the capital of SpeakEasy (the "Consideration Shares") and 3,000,000 common share purchase warrants (the "Consideration Warrants"). Each Consideration Warrant entitles the holder to acquire an additional common share of the Company at an exercise price of $0.59 per share for a period of 24 months following the date of issuance.  In accordance with the terms of the Definitive Agreement, 2,000,000 of the Consideration Shares will be subject to a contractual hold period of 4 months from the date of issuance and an additional 2,000,000 Consideration Shares will be subject to a hold period of 1 year from the date of issuance, with 25% of such shares being released to the holder every 3 months during such year.

    Karolos is a British Columbia company operating in the psychedelics space. If completed as proposed, the Acquisition would include an existing cash balance of approximately $1,000,000, intellectual property associated with a digital psychedelic database known as "XCYBIN" and a natural health company, known as Genetico Research,  that expects to specialize in product development in the cannabis industry, with a main focus on bringing CBG/CBD products to market. These CBG/CBD products are not expected to contain any psychoactive ingredient, making them more accessible to potential clients who would like to receive the medicinal benefits of cannabis without the psychoactive ingredient of full spectrum cannabis products.

    SpeakEasy believes that the legalization of the recreational use of psychedelic mushrooms will progress before any other substance in the psychedelic space.  SpeakEasy expects, upon receipt of a licence from Health Canada, to commence cultivating unique strains of magic mushrooms for lab testing and cataloging in order to receive an in-depth understanding of potency, yield and delivery metrics. Through extraction, research and development, it aims to create quality and consistency for specific dose types, so that users can reap the benefits of psilocybin without the hallucinogenic effects. 

    If the Acquisition is completed, SpeakEasy intends to use the XCYBIN platform to service medical users of psilocybin once it is licenced to do so and, if and when the recreational use of psilocybin is legalized in Canada, to generate cash flow through the low-cost of cultivation, selling highly effective, high margin products.

    Geen states, "We believe in a world where everyone can experience the benefits of psilocybin. The company is focused on becoming the world's online destination to learn about psilocybin, find magic mushroom strains and help make decisions on what is best for each person. We're committed to education and science-based information that unites communities across borders and propels our industry ahead. This project is nearing 3 years of development and optimization of the platform and we anticipate launching in the coming months." 

    The Company is at arms-length to Karolos and each of the holders of the Karolos securities.  If completed, the Acquisition would neither constitute a fundamental change for the Company, nor result in a change of control of the Company, within the meaning of applicable securities laws and the policies of the Canadian Securities Exchange. 

    The completion of the Acquisition is subject to a number of conditions; including, without limitation, the approval of the Canadian Securities Exchange and the approval of the Company's minority shareholders.  The Company anticipates calling a special meeting of shareholders in the coming weeks with a view to seeking minority shareholder approval for the Acquisition.

    Investing in the Future of Psilocybin

    While research into the possible benefits of utilizing psilocybin for certain medical conditions increasing, general knowledge is still marginal with basic understandings of simple points like different potency of each magic mushroom strain or even the fact there are multiple strains. SpeakEasy has witnessed how an agile business model, such as those employed by Leafly or Weedmaps, which continually adapts to new legislation, can been rewarded handsomely in the markets for taking early risks.  It's been reported that Weedmaps will list on the Nasdaq for $1.5 billion USD in the later part of 2021(4). The onset of the COVID-19 pandemic has refocused and propelled the need for all businesses to now have an online presence and be driven by data.

    Founder Marc Geen"We're excited for this new chapter in our business, my vision was never for us just to be a farm at SpeakEasy. Understanding the effort that has been put into this project for nearly 3 years while recognizing the competition that is coming into this red-hot sector, it has become easy to recognize that if you want to be a leader, time to market is critical. The expertise the company brings to us will help not only develop the psilocybin portion of our business but dovetails well with the cannabis side too, I'm thrilled to bring them into the family".

    Market Opportunity

    Anxiety already plagues over 40 million Americans1 and more than 284 million people worldwide2, and we believe that the COVID-19 pandemic is only making things worse.  Psychedelics were once the subject of great controversy and negative stigma, but we believe they are quickly becoming legitimized as a treatment for a wide range of mental health and addiction issues. We are experiencing a revival of scientific and clinical research into alternative psychedelic therapies, which are emerging at the forefront of innovation in the treatment of mental health issues.  The substance abuse crisis that is affecting millions of Americans and has cost the US economy trillions of dollars so far. In fact, some sources estimate that the substance abuse crisis cost American society approximately $631 billion between 2015 and 20183 And just like anxiety and depression, the substance abuse crisis has only been getting worse during COVID19, especially with more people turning to meds to overcome COVID19-related stress(5)

    About the Psychedelics Market

    With projections of a $6.8 billion dollar industry by 2027, companies at the forefront of the psychedelic therapeutic drug market could see enormous benefits in the coming years. The psychedelic space's promise is perhaps best illustrated by the sector's largest-ever private financing round of $80 million for Compass Pathways (NASDAQ:CMPS), the first psychedelic company to IPO on the NASDAQ. Not to be outdone, Mind Med Inc. (OTCQB:MMEDF) is following suit; the company has recently exceeded a $2 billion dollar valuation. A new market study of the U.S. psychedelic drug space forecasts that the market is projected to grow at 16.3%. Factors such as increasing prevalence of depression and mental disorders drive that growth. The Data Bridge Market Research report notes that the market is expected to total approximately $6.8 billion by 2027, up from $2 billion in 2019(6).

    About the Alternative Medicine Market

    The global alternative medicine market size is projected to reach USD $296.3 billion by 2027 exhibiting a CAGR of 19.9% according to a new report by Grand View Research Inc.(7)   We believe that psilocybin is likely to fall under the alternative medicine classification and be consumed directly as magic mushrooms or from extracted concentrated forms rather than being synthetically produced. The cannabis industry is very similar and has settled into the naturally produced form rather than synthetic forms of cannabinoids for many reasons.

    About SpeakEasy Cannabis Club Ltd.

    SpeakEasy Cannabis Club Ltd. holds a cultivation, processing and sales licence issued by Health Canada under the Cannabis Act. SpeakEasy owns 290 acres of land in Rock Creek, British Columbia, and leverages five generations of farming experience in B.C. as well as its favourable location to grow and process high-quality cannabis products at low cost. SpeakEasy cultivates small batch, high quality craft cannabis at scale in a portion of its 63,200 square foot indoor cannabis complex and has completed its harvest of its 60-acre outdoor field. Total yearly production of cannabis flower and biomass is projected to be in excess of 70,000 kilograms per year once in full production.  

    On behalf of the Board of the Directors

    Forward Looking Statements

    This news release contains statements that constitute "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause SpeakEasy's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.

    Forward-looking statements in this document include statements concerning SpeakEasy's expectations that it will complete the Acquisition on the terms proposed (or at all), its expectation that it will receive the requisite approvals for the Acquisition, that the recreational use of magic mushrooms, psilocybin and related products will be legalized or decriminalized in Canada and elsewhere, its expectations and projections concerning market demand and potential market size for magic mushrooms, psilocybin and related products; its expectation that psilocybin will be categorized as an alternative medicine, its expectations concerning the economic benefits of being an early participant in psilocybin industry, its belief that there is a growing global mental health crisis and that the COVID-19 pandemic is exacerbating that crisis, its intent to produce and sell high quality craft cannabis and all other statements that are not statements of historical fact.    

    Although SpeakEasy believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

    Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; COVID-19, adverse industry events; future legislative and regulatory developments involving cannabis; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the cannabis and hemp industries and markets in Canada and generally; the demand for CBD distillate, cannabis and cannabis related products, the ability of SpeakEasy to implement its business strategies; competition; the ability of SpeakEasy to obtain and retain all applicable licences from Health Canada, including, but not limited to those required under the Cannabis Act and other assumptions, risks and uncertainties. 

    In addition, psilocybin is currently a Schedule III drug under the Controlled Drugs and Substances Act (Canada) and it is a criminal offence to possess substances under the Controlled Drugs and Substances Act (Canada) without a prescription or authorization. Health Canada has not approved psilocybin as a drug for any indication. SpeakEasy does not have any direct or indirect involvement with illegal selling, production, or distribution of psychedelic substances in jurisdictions in which it operates. While SpeakEasy believes psychedelic substances can be used to treat certain medical conditions, it does not advocate for the legalization of psychedelics substances for recreational use. SpeakEasy does not currently deal with psychedelic substances in any manner.

    THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

    The Canadian Securities Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release. 

     

    SOURCE Speakeasy Cannabis Club Ltd.

    Cision View original content: http://www.newswire.ca/en/releases/archive/June2021/24/c3504.html

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  16. Programme aims to support students from under-represented ethnic groups

    London, UK – 23 June 2021

    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, has become a Founding Supporter of the British Neuroscience Association's (BNA) inaugural Scholars programme, which aims to support students from under-represented ethnic groups to thrive in neuroscience, and build a supportive community through networking opportunities, bursaries and mentorship.

    COMPASS's involvement is part of its ongoing commitment to fostering, cultivating and preserving a bold culture of equity, diversity and inclusion (EDI) within the company and in the…

    Programme aims to support students from under-represented ethnic groups

    London, UK – 23 June 2021

    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, has become a Founding Supporter of the British Neuroscience Association's (BNA) inaugural Scholars programme, which aims to support students from under-represented ethnic groups to thrive in neuroscience, and build a supportive community through networking opportunities, bursaries and mentorship.

    COMPASS's involvement is part of its ongoing commitment to fostering, cultivating and preserving a bold culture of equity, diversity and inclusion (EDI) within the company and in the wider neuroscience and health care communities.

    George Goldsmith, CEO and Co-founder of COMPASS Pathways, said: "COMPASS Pathways is proud to be a Founding Supporter of the BNA's Scholars programme. We are fully committed to equitable access in all areas of our research and our work, and we are excited about driving this agenda forward with the BNA and other founding partners, in support of neuroscience students."

    COMPASS is one of eight Founding Supporters, alongside Bristol Neuroscience (University of Bristol), DeepMind, Gatsby Foundation, Guarantors of Brain, International Brain Research Organization (IBRO), MSD and the UK Dementia Research Institute.

    BNA President, Rik Henson, said: "Our Founding Supporters represent the breadth of the neuroscience sector, covering academic, commercial, and third sector organisations, all united in the goal of improving EDI in neuroscience. We are delighted to welcome COMPASS Pathways to the programme, given its leadership in mental health care, as well as our close alignment to its values and its approach to EDI."

    The cohort of seven students accepted onto the BNA Scholars programme was announced in March 2021. Each student will be matched with a mentor and remain on the programme for three years.

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com

    Availability of other information about COMPASS Pathways

    Investors and others should note that the Company communicates with its investors and the public using its website (www.compasspathways.com), its investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information posted on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in the Company to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of the Company's website or these channels, or any other website that may be accessed from the website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.           



    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, the safety profile of COMP360 and the efficacy of COMP360 psilocybin therapy as a treatment for depression, COMPASS's business strategy and goals, COMPASS's ability to continue to advance its research, including COMP360, and COMPASS's expectations regarding the benefits of its COMP360 psilocybin therapy. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical research and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.         

    Enquiries

    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



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  17. LONDON, June 08, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that members of its management team will participate in two investor conferences in June.

    George Goldsmith, Chairman, CEO and Co-founder, and Lars Wilde, President, Chief Business Officer, and Co-founder, will be participating in a fireside chat at the JMP Securities Life Sciences Conference at 10:30 am ET on 16 June.

    George Goldsmith and Lars Wilde will be presenting a corporate update at the H.C. Wainwright Psychedelics in Psychiatry and Beyond Virtual Conference, which will be available for streaming at 9 am ET on 17 June. Lars…

    LONDON, June 08, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that members of its management team will participate in two investor conferences in June.

    George Goldsmith, Chairman, CEO and Co-founder, and Lars Wilde, President, Chief Business Officer, and Co-founder, will be participating in a fireside chat at the JMP Securities Life Sciences Conference at 10:30 am ET on 16 June.

    George Goldsmith and Lars Wilde will be presenting a corporate update at the H.C. Wainwright Psychedelics in Psychiatry and Beyond Virtual Conference, which will be available for streaming at 9 am ET on 17 June. Lars Wilde will also be participating in H.C. Wainwright's "Patient Experience and Commercial Considerations When Launching Psychoactive Agents in Psychiatry" panel discussion at 2 pm ET.

    Members of the management team will be holding investor meetings at both conferences.

    Live audio webcasts of the talks will be available on the "Events" page of the Investors section of the COMPASS website. A replay of the webcast will be available for 30 days following the event. For more information, please visit ir.compasspathways.com.

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, USA. Our vision is a world of mental wellbeing. www.compasspathways.com.

    Contacts:



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7324

     



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  18. LONDON, June 03, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, has reported further results from a phase I study showing that its COMP360 psilocybin had no clinically-relevant negative effect on cognitive function, when administered to healthy adult volunteers with support from specially trained therapists.

    The data (see poster) from the randomised, double-blind, placebo-controlled, phase I trial conducted at King's College London, will be presented today at the American Society of Clinical Psychopharmacology (ASCP) Annual Meeting, by Dr James Rucker, Consultant Psychiatrist and Senior Clinical…

    LONDON, June 03, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, has reported further results from a phase I study showing that its COMP360 psilocybin had no clinically-relevant negative effect on cognitive function, when administered to healthy adult volunteers with support from specially trained therapists.

    The data (see poster) from the randomised, double-blind, placebo-controlled, phase I trial conducted at King's College London, will be presented today at the American Society of Clinical Psychopharmacology (ASCP) Annual Meeting, by Dr James Rucker, Consultant Psychiatrist and Senior Clinical Lecturer in Psychopharmacology at King's College London's Institute of Psychiatry, Psychology and Neuroscience (IoPPN). Initial results from the study were published in December 2019. The results published today present a more in-depth analysis of cognitive data and showed some trends of positive effects, but these were minor and call for further exploration in clinical populations.

    The study looked at the effects of two doses of COMP360 psilocybin (10mg and 25mg) compared with placebo in 89 healthy male and female adult volunteers. The participants were randomised in a 1:1:1 ratio to receive 10mg COMP360 (n=30), 25mg COMP360 (n=30), or placebo (n=29). The drug was administered simultaneously to up to six participants, who all received 1:1 psychological support from trained therapists throughout the session.  

    Aspects of cognitive function were measured using the gold standard Cambridge Neuropsychological Test Automated Battery (CANTAB), one day prior to COMP360 administration (baseline), and one week and four weeks after administration.

    Key results:

    • These findings suggest that single doses of COMP360 do not exert clinically-relevant, negative effects in healthy volunteers on the cognitive functions assessed
    • On some of the CANTAB measures, there were trends demonstrating, on average, better cognitive performance in the COMP360 groups by week four, compared with baseline. These findings call for further investigation in clinical populations
    • The small sample size, and the fact that participants were typically highly educated, limit the generalisability of results
    • As reported previously, there were no serious adverse events, and COMP360 psilocybin was found to be generally safe and well-tolerated

    Dr Ekaterina Malievskaia, Chief Innovation Officer and Co-founder, COMPASS Pathways, said: "This study is an important part of our clinical development programme of psilocybin therapy for treatment-resistant depression (TRD). The results are encouraging and we are looking forward to reporting data from our phase IIb trial of COMP360 psilocybin therapy for treatment-resistant depression (TRD) later this year."

    Dr Rucker said: "This study, the largest randomised placebo-controlled trial of psilocybin to date, found that COMP360 psilocybin had no clinically-relevant negative effect on cognitive function. The results of the study are clinically reassuring and support further development of psilocybin therapy for patients with mental health conditions that have not improved with existing treatments, such as TRD."

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com

    About King's College London

    King's College London is one of the top 10 UK universities in the world (QS World University Rankings, 2018/19) and among the oldest in England. King's has more than 31,000 students (including more than 12,800 postgraduates) from some 150 countries worldwide, and some 8,500 staff.

    The Institute of Psychiatry, Psychology & Neuroscience (IoPPN) which is the premier centre for mental health and related neurosciences research in Europe. It produces more highly cited outputs (top 1% citations) on mental health than any other centre (SciVal 2019) and on this metric we have risen from 16th (2014) to 4th (2019) in the world for highly cited neuroscience outputs. World-leading research from the IoPPN has made, and continues to make, an impact on how we understand, prevent and treat mental illness and other conditions that affect the brain. https://www.kcl.ac.uk/ioppn @KingsIoPPN        

    Availability of other information about COMPASS Pathways

    Investors and others should note that the Company communicates with its investors and the public using its website (www.compasspathways.com), its investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information posted on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in the Company to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of the Company's website or these channels, or any other website that may be accessed from the website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.        



    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, the safety profile of COMP360 and the efficacy of COMP360 psilocybin therapy as a treatment for depression, COMPASS's business strategy and goals, COMPASS's ability to continue to advance its research, including COMP360, and COMPASS's expectations regarding the benefits of its COMP360 psilocybin therapy. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical research and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.        

    Enquiries



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



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  19. Highlights:
    • New England Journal of Medicine publishes exploratory study showing signals of positive activity in COMP360 psilocybin compared with escitalopram for major depressive disorder

    • Two further US patents granted

    • Equity financing raises gross proceeds of $144 million

    • Phase IIb clinical trial of COMP360 psilocybin therapy for treatment-resistant depression (TRD) on track to report data by end of 2021

    • Wayne J Riley MD joins Board of Directors and Anne Benedict is appointed Chief People Officer

    • Conference call today at 1:00pm UK (8:00am ET)

    LONDON, May 13, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health…

    Highlights:
    • New England Journal of Medicine publishes exploratory study showing signals of positive activity in COMP360 psilocybin compared with escitalopram for major depressive disorder



    • Two further US patents granted



    • Equity financing raises gross proceeds of $144 million



    • Phase IIb clinical trial of COMP360 psilocybin therapy for treatment-resistant depression (TRD) on track to report data by end of 2021



    • Wayne J Riley MD joins Board of Directors and Anne Benedict is appointed Chief People Officer



    • Conference call today at 1:00pm UK (8:00am ET)

    LONDON, May 13, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, today reported its financial results for the first quarter 2021 and gave an update on recent progress across its business.

    George Goldsmith, Chairman, CEO and Co-founder, COMPASS Pathways, said, "Our recent financing gives us additional resources to work even faster and to expand our efforts, grow our team, and focus on developing new indications, new compounds and new technologies, building on our leadership position in psilocybin therapy and mental health care. Far too many people are suffering with mental health challenges today. We are focused on developing evidence-based therapies that can make a difference and be accessible to as many patients as possible who might benefit. The COMP360 data published in the New England Journal of Medicine showed promising signals in a small investigator-initiated study. We are approaching the completion of our phase IIb trial of COMP360 psilocybin therapy for treatment-resistant depression, and on track to report data by the end of the year."

    Business highlights

    • Phase IIb clinical trial of COMP360 psilocybin therapy for TRD continues to progress



      • On track to report top-line data by end of 2021



    • COMP360 data published in the New England Journal of Medicine



      • Signal-generating, exploratory research from independent study at Imperial College London (n=59) comparing the efficacy and mechanisms of action of psilocybin with a six-week course of escitalopram, a selective serotonin reuptake inhibitor (SSRI), for major depressive disorder (MDD)



      • Study showed signals of positive activity in COMP360 psilocybin when compared with escitalopram and concludes that psilocybin findings should be explored further in larger studies



      • COMP360 psilocybin was generally well-tolerated and there were no Serious Adverse Events



    • Two new patents granted by the US Patent and Trademark Office



      • Patents cover oral formulations of COMPASS's synthetic psilocybin in the treatment of MDD and COMPASS's high-purity crystalline psilocybin (including the form used in COMP360), pharmaceutical formulations containing crystalline psilocybin and methods of treating MDD with crystalline psilocybin



      • COMPASS's innovation has now been recognised with six granted patents, including three in the US, two in the UK, and one in Germany



    • Senior appointments



      • Wayne J Riley MD joins COMPASS's Board of Directors. Wayne is President of the State University of New York Downstate Health Sciences University, Brooklyn, where he holds tenured professorships in internal medicine and health policy and management. He has a breadth of experience in clinical and academic medicine, research programme oversight, biotechnology, primary care, public health, healthcare management and policy, healthcare quality, academic health science centre administration, and government service



      • Anne Benedict is appointed COMPASS's first Chief People Officer. Anne has more than 25 years of global experience in human resources, talent and organisational development, and will help COMPASS attract, retain and develop the talent and people we need to achieve our mission



    • Equity financing priced, raising gross proceeds of $144 million



    Financial highlights

    • Net loss for the three months ended March 31, 2021, was $12.7 million, or $0.35 loss per share (after including non-cash share-based compensation expense of $1.7 million), compared with $8.6 million, or $0.93 loss per share, during the same period in 2020 (after including non-cash share-based compensation expense of $1.7 million)



    • Research & development (R&D) expenses were $6.9 million for the three months ended March 31, 2021, compared with $5.2 million during the same period in 2020. Of this increase, $1.4 million reflected increased development activities, including hiring additional staff, as COMPASS progresses its COMP360 psilocybin therapy in TRD, and continues to explore additional indications and therapeutic approaches



    • General and administrative (G&A) expenses were $6.7 million for the three months ended March 31, 2021, compared with $3.5 million during the same period in 2020. Of the increase, $1.4 million was related to increased personnel costs, $1.1 million related to additional facility and other administrative expenses, and $0.6 million related to increased legal and professional expenses
    • Pro-forma cash and cash equivalents was $179.5 million as of March 31, 2021, compared with $190.3 million at December 31, 2020. On May 4, 2021, following the end of the reporting period, COMPASS completed a public offering of 4,000,000 American Depositary Shares ("ADSs") at a price of $36.00 per ADS for total gross proceeds of $144 million.



    Conference call

    COMPASS Pathways' management team will host a conference call at 1.00pm UK (8.00am ET) on 13 May 2021. The call can be accessed by dialling (833) 665-0659 from the United States, +1 (914) 987-7313 internationally, and 0800 028 8438 from the UK, followed by the conference ID: 4498819.

    The call will also be webcast on the investors section of the COMPASS Pathways website (ir.compasspathways.com) and archived for 30 days.

    

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com      





    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.        





    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, COMPASS's business strategy and goals, COMPASS's expectations regarding its ongoing preclinical work and clinical trials, including the timing of the release of clinical data, COMPASS's plans to expand the potential indications it may address and to develop new potential compounds or technologies, and COMPASS's ability to hire, retain and develop personnel. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.



    Enquiries



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



    COMPASS PATHWAYS PLC

    Consolidated Balance Sheets

    (unaudited)

    (in thousands, except share and per share amounts)

    (expressed in US Dollars, unless otherwise stated

     March 31, December 31,
     2021 2020
    ASSETS   
    CURRENT ASSETS:   
    Cash        $179,520   $190,327  
    Restricted cash        29   29  
    Prepaid expenses and other current assets        15,501   12,048  
    Total current assets        195,050   202,404  
    Investment        534   529  
    Property and equipment, net        282   245  
    Deferred tax assets        221   221  
    Other assets        50   57  
    Total assets$196,137   $203,456  
    LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY   
    CURRENT LIABILITIES:   
    Accounts payable$5,293   $2,747  
    Accrued expenses and other liabilities2,346   4,148  
    Total current liabilities7,639   6,895  
    Total liabilities7,639   6,895  
        
    Commitments and contingencies (Note 12)   
    SHAREHOLDERS' EQUITY:   
    Ordinary shares, £0.008 par value; 36,743,886 and 35,930,331 shares authorized, issued and outstanding at  March 31, 2021 and December 31, 2020, respectively        376   367  
    Deferred shares, £21,921.504 par value; one share authorized, issued and outstanding at March 31, 2021 and December 31, 202028   28  
    Additional paid-in capital        282,135   279,480  
    Accumulated other comprehensive income        16,573   14,585  
    Accumulated deficit        (110,614)  (97,899) 
    Total shareholders' equity        188,498   196,561  
    Total liabilities, convertible preferred shares and shareholders' equity        196,137   203,456  

    COMPASS PATHWAYS PLC

    Consolidated Statements of Operations and Comprehensive Loss

    (unaudited)

    (in thousands, except share and per share amounts)

     Three Months Ended March 31,
     2021 2020
    OPERATING EXPENSES:                        
    Research and development        $6,884   $5,223  
    General and administrative        6,718   3,482  
    Total operating expenses        13,602   8,705  
    LOSS FROM OPERATIONS:        (13,602)  (8,705) 
    OTHER INCOME (EXPENSE), NET:   
    Other income          15  
    Foreign exchange (losses) gains        (643)  78  
    Fair value change of convertible notes        —   (616) 
    Fair value change of convertible notes - due to a related party        —   (432) 
    Benefit from R&D tax credit        1,557   1,075  
    Total other income (expense), net        915   120  
    Loss before income taxes        (12,687)  (8,585) 
    Income tax expense        (28)  —  
    Net loss        (12,715)  (8,585) 
    Other comprehensive income (loss):   
    Foreign exchange translation adjustment        1,988 (348) 
    Comprehensive loss        $(10,727)  $(8,933) 
    Net loss per share attributable to ordinary shareholders—basic and diluted        $(0.35)  $(0.93) 
    Weighted average ordinary shares outstanding—basic and diluted        36,569,290   9,190,556  



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  20. London, UK, May 06, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that it will release financial results for the first quarter 2021, and provide an update on recent business developments, on 13 May 2021.

    The management team will host a conference call at 1:00pm UK(8.00am ET) on 13 May. The call can be accessed by dialing (833) 665-0659 from the United States, +1 (914) 987-7313 internationally, and 0800 028 8438 from the UK, followed by the conference ID: 4498819.

    The call will also be webcast on the Investors section of the COMPASS Pathways website. The webcast will be archived for…

    London, UK, May 06, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that it will release financial results for the first quarter 2021, and provide an update on recent business developments, on 13 May 2021.

    The management team will host a conference call at 1:00pm UK(8.00am ET) on 13 May. The call can be accessed by dialing (833) 665-0659 from the United States, +1 (914) 987-7313 internationally, and 0800 028 8438 from the UK, followed by the conference ID: 4498819.

    The call will also be webcast on the Investors section of the COMPASS Pathways website. The webcast will be archived for 30 days.

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com

     

    Contacts:

     

    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401-290-7324



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  21. /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/

    ROCK CREEK, BC, May 6, 2021 /CNW/ - SpeakEasy Cannabis Club Ltd. (CSE:EASY) (Frankfurt: 39H) (the "Company" or "SpeakEasy") a holder of a federal licence to cultivate, process and sell cannabis under the Cannabis Act is excited to announce it is 4 months into a 6-9 month application process to receiving its Narcotics Dealers License ("NDL") in-order to develop and standardize psilocybin cultivation.  A NDL licenced dealer may produce, assemble, sell, provide, transport, send, deliver, import or export a controlled drug (psilocybin) if they comply with the terms and conditions of their dealer's licence and any permit issued under the…

    /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/

    ROCK CREEK, BC, May 6, 2021 /CNW/ - SpeakEasy Cannabis Club Ltd. (CSE:EASY) (Frankfurt: 39H) (the "Company" or "SpeakEasy") a holder of a federal licence to cultivate, process and sell cannabis under the Cannabis Act is excited to announce it is 4 months into a 6-9 month application process to receiving its Narcotics Dealers License ("NDL") in-order to develop and standardize psilocybin cultivation.  A NDL licenced dealer may produce, assemble, sell, provide, transport, send, deliver, import or export a controlled drug (psilocybin) if they comply with the terms and conditions of their dealer's licence and any permit issued under the licence.

    SpeakEasy's Narcotics Dealers Licence

    In early January this year, SpeakEasy began the application process for an NDL and a section of SpeakEasy's processing building has been earmarked as the location for the research and development area that would house a licence referred to as an NDL. The NDL allows research, development, purchase and sales among other activities of narcotics. SpeakEasy's intent is to acquire a full catalogue of psilocybin bearing mushroom genetics in-order to develop cultivation methods, standardize potency and develop extracted concentrated products in preparation and with the expectation of the legalization of psilocybin in the Canadian market. SpeakEasy expects to complete the extensive review process and receive its NDL later this year with the total licencing process taking between six and nine months.  Upon receipt, the Company intends to immediately begin the process of preparing for the anticipation of the legal market.

    Founder Marc Geen states, "Agriculture has always been the core of SpeakEasy's business and psilocybin production is not much different. Commercial mushroom production is very similar to cannabis production, especially considering both are controlled substances and likely will fall under a similar set of regulations. We are in a great position to be able to be at the forefront of the growing psilocybin market and also apply SpeakEasy's farming knowledge to the production of magic mushrooms adding efficiency, high-quality production at an economical costs of production." 

    Why SpeakEasy is Focused on the Psilocybin Market

    Compelling evidence of the therapeutic benefits of psychedelic drugs appears in multiple scientific studies. Several clinical trials are underway in the United States and worldwide to investigate the therapeutic effects of psilocybin, the active component in the fungi known as "magic mushrooms." There is new hope for treating debilitating disorders such as depression, anxiety, post-traumatic stress disorder, anorexia, obsessive-compulsive disorder, and addictions. Multiple efficacy studies going on around the world in areas that encompass life-disrupting psychiatric and neurological conditions such as major depressive disorder (MDD), addictions, and other mental illnesses. A successful outcome could completely upend treatment protocols(2).

    About the Psychedelics Market

    With projections of a $6.8 billion dollar industry by 2027, companies at the forefront of the psychedelic therapeutic drug market could see enormous benefits in the coming years. The psychedelic space's promise is perhaps best illustrated by the sector's largest-ever private financing round of $80 million for Compass Pathways (NASDAQ:CMPS), the first psychedelic company to IPO on the NASDAQ. Not to be outdone, Mind Med Inc., (OTCQB:MMEDF) is following suit; the Company has recently exceeded a $2 billion dollar valuation(4). A new market study of the U.S. psychedelic drug space forecasts that the market is projected to grow at 16.3%(2) . Factors such as increasing prevalence of depression and mental disorders drive that growth. The Data Bridge Market Research report notes that the market is expected to total approximately $6.8 billion by 2027, up from $2 billion in 2019(1).

    About the Alternative Medicine Market

    The global market size for alternative medicine is projected to reach USD $296.3 billion by 2027 exhibiting a CAGR of 19.9% according to a new report by Grand View Research Inc.(5) Psilocybin is likely to fall under the alternative medicine classification and be consumed directly as magic mushrooms or from extracted concentrated forms rather than being synthetically produced. The cannabis industry is very similar and has settled into the naturally produced form rather than synthetic forms of cannabinoids for many reasons. Health Canada has authorized use of psilocybin for clinical trials, Oregon state, Denver, Colorado and Vancouver, British Columbia are among many states, cities and provinces that have legalized or decriminalized the use of psilocybin all pointing towards the eventual acceptance and legal use of the drug.

    Founder Marc Geen, "Today a huge number of patients take THC for a variety of ailments, these individuals are not picking up a synthetic version of the drug at their local drug store. THC is just another example of a global trend pushing for alternative medicine and natural solutions. Our goal at SpeakEasy will involve testing and cataloging different strains to standardize products and then start the education process to inform consumers. The process psilocybin has been following is familiar, many of the indicators of progress are just what we saw moving through cannabis legalization, I expect things to move rapidly in Canada as the roadmap has been laid out previously by the cannabis regulations." 

    About SpeakEasy Cannabis Club Ltd.

    SpeakEasy Cannabis Club Ltd. holds a cultivation, processing and sales licence issued by Health Canada under the Cannabis Act. SpeakEasy owns 290 acres of land in Rock Creek, British Columbia, and leverages five generations of farming experience in B.C. as well as its favourable location to grow and process high-quality cannabis products at low cost. SpeakEasy cultivates small batch, high quality craft cannabis at scale in a portion of its 63,200 square foot indoor cannabis complex and has completed its harvest of its 60-acre outdoor field. Total yearly production of cannabis flower and biomass is projected to be in excess of 70,000 kilograms per year once in full production.  

    On behalf of the Board of the Directors

    Forward Looking Statement

    This news release contains statements that constitute "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause SpeakEasy's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.

    Forward-looking statements in this document include statements concerning SpeakEasy's expectations concerning its receipt of a Narcotics Dealers License and the timing thereof; its expectations that the recreational use of psilocybin and related products will be legalized or decriminalized in Canada and elsewhere, its expectations and projections concerning market demand and potential market size for psilocybin and related products; its expectation that the psilocybin will be categorized as an alternative medicine, its expectations concerning the economic benefits of being an early participant in psilocybin  industry, its expectations that it will be able to produce magic mushrooms and the efficiency and costs associated with such production; its intent to produce and sell high quality craft cannabis, its projections concerning total yearly production of cannabis flower and biomass and all other statements that are not statements of historical fact.    

    Although SpeakEasy believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

    Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; COVID-19, adverse industry events; future legislative and regulatory developments involving cannabis; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the cannabis and hemp industries and markets in Canada and generally; the demand for CBD distillate, cannabis and cannabis related products, the ability of SpeakEasy to implement its business strategies; competition; the ability of SpeakEasy to obtain and retain all applicable licences from Health Canada, including, but not limited to those required under the Cannabis Act and other assumptions, risks and uncertainties. 

    In addition, psilocybin is currently a Schedule III drug under the Controlled Drugs and Substances Act (Canada) and it is a criminal offence to possess substances under the Controlled Drugs and Substances Act (Canada) without a prescription or authorization. Health Canada has not approved psilocybin as a drug for any indication. SpeakEasy does not have any direct or indirect involvement with illegal selling, production, or distribution of psychedelic substances in jurisdictions in which it operates. While SpeakEasy believes psychedelic substances can be used to treat certain medical conditions, it does not advocate for the legalization of psychedelics substances for recreational use. SpeakEasy does not currently deal with psychedelic substances in any manner.

    THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

    The Canadian Securities Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release. 

    ___________________________________

    (1)

    https://www.databridgemarketresearch.com/reports/global-psychedelic-drugs-market

    (2)

    https://www.openpr.com/news/2068844/psychedelic-drugs-market-2020-to-grow-at-16-3-cagr-by-2027

    (3)

    https://www.grandviewresearch.com/press-release/global-alternative-complementary-medicine-therapies-market

    (4)

    MindMed Announces 2020 Year-End Financial Results; Current Cash Balance of $161 million USD ($203 million CAD) to Support Drug Development Pipeline and Creation of Psychedelic Medicine Tech Platform - MindMed

    (5)

    Psilocybin - Emerging Insight and Market Forecast - 2030 (researchandmarkets.com)

     

    SOURCE Speakeasy Cannabis Club Ltd.

    Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2021/06/c3156.html

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  22.   
     


     

    London, UK, 30 April 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, today announced the pricing of its public offering of 4,000,000 American Depositary Shares ("ADSs") representing 4,000,000 ordinary shares at a public offering price of $36.00 per ADS for total gross proceeds of $144.0 million. All ADSs sold in the offering were offered by COMPASS. The offering is expected to close on or about 4 May 2021, subject to the satisfaction of customary closing conditions. In addition, COMPASS has granted the underwriters a 30-day option to purchase up to an additional 600,000 ADSs at the public offering…

      
     



     

    London, UK, 30 April 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, today announced the pricing of its public offering of 4,000,000 American Depositary Shares ("ADSs") representing 4,000,000 ordinary shares at a public offering price of $36.00 per ADS for total gross proceeds of $144.0 million. All ADSs sold in the offering were offered by COMPASS. The offering is expected to close on or about 4 May 2021, subject to the satisfaction of customary closing conditions. In addition, COMPASS has granted the underwriters a 30-day option to purchase up to an additional 600,000 ADSs at the public offering price, less underwriting discounts and commissions.

    Cowen, Evercore ISI and Berenberg are acting as joint book-running managers for the offering. Cantor Fitzgerald & Co. and BTIG, LLC are acting as lead managers for the offering.

    A registration statement relating to the offering has been filed with, and declared effective by, the US Securities and Exchange Commission ("SEC"). The offering will be made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Attention: Prospectus Department, by telephone at (833) 297-2926 or by email at PostSaleManualRequests@broadridge.com; Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 36th Floor, New York, New York 10055, telephone: (888) 474-0200, or email: ecm.prospectus@evercore.com; or Berenberg Capital Markets LLC, Attention: Investment Banking, 1251 Avenue of the Americas, 53rd Floor, New York, New York 10020, or by telephone at +1 (646) 949-9000, or by e-mail at prospectusrequests@berenberg-us.com. For the avoidance of doubt, such prospectus will not constitute a "prospectus" for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and will not have been reviewed by any competent authority in any EU member state or the UK.

    Important information

    This press release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction.

    For readers in the European Economic Area ("EEA") and the UK

    In any EEA member state and the UK (each, a "Relevant State"), this press release and any offering are only addressed to and directed at persons who are qualified investors ("Qualified Investors") in that Relevant State within the meaning of the Prospectus Regulation. The term "Prospectus Regulation" means Regulation (EU) 2017/1129.

    For readers in the UK

    In the UK, this press release, in so far as it constitutes an invitation or inducement to enter into investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000, as amended (the "FSMA"), and any offering are only addressed to and directed at Qualified Investors (i) who are investment professionals as described in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), (ii) persons and entities who fall within Article 49(2)(a) to (d) of the Order, or (iii) to whom it may otherwise lawfully be communicated (all such persons being referred to as "relevant persons").

    This press release must not be acted on or relied on (i) in the UK, by persons who are not relevant persons, and (ii) in any EEA member state, by persons who are not Qualified Investors. Any investment or investment activity to which this press release relates is available only to and will only be engaged with (i) in the UK, relevant persons, and (ii) in any EEA member state, Qualified Investors. This press release does not contain an offer or constitute any part of an offer to the public within the meaning of sections 85 and 102B of the FSMA or otherwise.

    About COMPASS Pathways

    COMPASS Pathways (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing.

    Forward-looking statements

    This press release includes certain disclosures that contain "forward-looking statements," including, without limitation, express or implied statements relating to, among other things, COMPASS's ability to complete the proposed offering and its anticipated use of proceeds. Forward-looking statements are based on COMPASS's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties related to the satisfaction of customary closing conditions and the completion of the offering, and the risks inherent in mental health care clinical trials. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the final prospectus related to the offering to be filed with the SEC. Forward-looking statements contained in this announcement are made as of this date, and COMPASS undertakes no duty to update such information except as required under applicable law.

    Enquiries:

    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401-290-7324



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  23. London, UK, April 27, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, today announced the launch of a proposed public offering of 4,000,000 American Depositary Shares ("ADSs"), each representing one ordinary share.

    Each of the ADSs is being offered by COMPASS. COMPASS expects to grant the underwriters a 30-day option to purchase up to an additional 600,000 ADSs. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.

    Cowen, Evercore…

    London, UK, April 27, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, today announced the launch of a proposed public offering of 4,000,000 American Depositary Shares ("ADSs"), each representing one ordinary share.

    Each of the ADSs is being offered by COMPASS. COMPASS expects to grant the underwriters a 30-day option to purchase up to an additional 600,000 ADSs. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.

    Cowen, Evercore ISI and Berenberg are acting as joint book-running managers for the offering. Cantor Fitzgerald & Co. and BTIG, LLC are acting as lead managers for the offering.

    The proposed offering will be made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Attention: Prospectus Department, by telephone at (833) 297-2926 or by email at PostSaleManualRequests@broadridge.com; Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 36th Floor, New York, New York 10055, telephone: (888) 474-0200, or email: ecm.prospectus@evercore.com; or Berenberg Capital Markets LLC, Attention: Investment Banking, 1251 Avenue of the Americas, 53rd Floor, New York, New York 10020, or by telephone at +1 (646) 949-9000, or by e-mail at prospectusrequests@berenberg-us.com. For the avoidance of doubt, such prospectus will not constitute a "prospectus" for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and will not have been reviewed by any competent authority in any EU member state or the UK.

    Important information

    A registration statement relating to these securities has been filed with the US Securities and Exchange Commission (the "SEC"), but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction.

    For readers in the European Economic Area ("EEA") and the UK

    In any EEA member state and the UK (each, a "Relevant State"), this press release and any offering are only addressed to and directed at persons who are qualified investors ("Qualified Investors") in that Relevant State within the meaning of the Prospectus Regulation. The term "Prospectus Regulation" means Regulation (EU) 2017/1129.

    For readers in the UK

    In the UK, this press release, in so far as it constitutes an invitation or inducement to enter into investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000, as amended (the "FSMA"), and any offering are only addressed to and directed at Qualified Investors (i) who are investment professionals as described in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), (ii) persons and entities who fall within Article 49(2)(a) to (d) of the Order, or (iii) to whom it may otherwise lawfully be communicated (all such persons being referred to as "relevant persons").

    This press release must not be acted on or relied on (i) in the UK, by persons who are not relevant persons, and (ii) in any EEA member state, by persons who are not Qualified Investors. Any investment or investment activity to which this press release relates is available only to and will only be engaged with (i) in the UK, relevant persons, and (ii) in any EEA member state, Qualified Investors. This press release does not contain an offer or constitute any part of an offer to the public within the meaning of sections 85 and 102B of the FSMA or otherwise.

    About COMPASS Pathways

    COMPASS is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing.

    Forward-looking statements

    This press release includes certain disclosures that contain "forward-looking statements," including, without limitation, express or implied statements relating to, among other things, COMPASS's ability to complete the proposed offering and its anticipated use of proceeds. Forward-looking statements are based on COMPASS's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties related to the satisfaction of customary closing conditions and the completion of the offering, and the risks inherent in mental health care clinical trials. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the final prospectus related to the offering to be filed with the SEC. Forward-looking statements contained in this announcement are made as of this date, and COMPASS undertakes no duty to update such information except as required under applicable law.

    Enquiries:

    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401-290-7324



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  24. London, UK, April 15, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, welcomed a study published in the New England Journal of Medicine (NEJM) yesterday, which showed signals of positive activity in COMP360 psilocybin compared with the standard antidepressant escitalopram, for major depressive disorder (MDD).

    The study was designed and conducted by a research team at Imperial College London, using COMPASS's COMP360 psilocybin.

    This was an exploratory, randomised, double-blind clinical study. Its aim was to compare the efficacy and mechanisms of action of psilocybin with a six-week course…

    London, UK, April 15, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, welcomed a study published in the New England Journal of Medicine (NEJM) yesterday, which showed signals of positive activity in COMP360 psilocybin compared with the standard antidepressant escitalopram, for major depressive disorder (MDD).

    The study was designed and conducted by a research team at Imperial College London, using COMPASS's COMP360 psilocybin.

    This was an exploratory, randomised, double-blind clinical study. Its aim was to compare the efficacy and mechanisms of action of psilocybin with a six-week course of escitalopram, a selective serotonin reuptake inhibitor (SSRI), for MDD.

    The study included 59 participants; 30 were randomly assigned to the psilocybin arm, and 29 to the escitalopram arm. Participants in the psilocybin arm received two doses of 25mg psilocybin three weeks apart, with psychological support delivered prior to, during and after each psilocybin administration, plus six weeks of daily placebo capsules. The escitalopram arm received two doses of 1mg psilocybin (presumed negligible effect) three weeks apart, with equivalent psychological support to the psilocybin arm, plus six weeks of daily escitalopram capsules, 10mg for the first three weeks titrated to 20mg for the following three weeks.

    The study authors, from Imperial College London, noted that the study was not powered to detect a difference between psilocybin and escitalopram. As reported in the NEJM, the primary efficacy measure, the change from baseline in the self-rated 16-item Quick Inventory of Depressive Symptomatology (QIDS-SR-16) total score at six weeks, did not show a significant difference between the two groups, with a two point difference favouring the psilocybin group compared with the escitalopram group. This trend favouring psilocybin was present from week one.

    Secondary outcomes including clinician-rated depression scales, response and remission, signalled the antidepressant effects of both agents; psilocybin showed numerical advantages on clinical measures compared with escitalopram. On the clinician-rated depression scales, the change from baseline at week six on the Montgomery-Asberg Depression Rating Scale (MADRS), showed a 7.2 point treatment difference favouring psilocybin, while the Hamilton Depression Rating Scale (HAM-D-17) showed a 5.3 point treatment difference favouring psilocybin. Response rates (a 50% or greater reduction on the QIDS-SR-16 total score from baseline) at week six were 70.2% for the psilocybin arm compared with 48.0% for the escitalopram arm, and remission rates (defined as a QIDS-SR-16 total score ≤5) at week six were 57.1% and 29.1%, respectively. Similar patterns favouring psilocybin were found in other secondary endpoints measuring work and social functioning, anxiety, avoidance, anhedonia, and wellbeing. Such secondary endpoints were uncorrected for multiplicity.

    Adverse event rates and severity were largely comparable across conditions. Adverse events in the psilocybin arm were typically transient, occurring and resolving within 24 hours of dosing days, with the most commonly reported adverse event being transient headaches. No Serious Adverse Events were reported.



    "In a field of research where it is very difficult to separate treatments in head-to-head comparative efficacy trials, this study found signals favouring psilocybin therapy over escitalopram. This is an encouraging investigator-initiated study that supports the need for additional clinical investigations in larger, well-powered studies to more accurately determine the efficacy of COMP360 psilocybin in MDD", said George Goldsmith, CEO and Co-founder of COMPASS Pathways. "At COMPASS, we are already committed to a full clinical development programme of psilocybin therapy in treatment-resistant depression, and we know there is much more work to be done so that we can bring evidence-based innovation to patients who have run out of options in a number of mental health illnesses."

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com    



    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.  



    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, the efficacy of COMP360 psilocybin therapy as a treatment for depression, COMPASS's business strategy and goals, COMPASS's ability to continue to advance its research, including COMP360, and COMPASS's expectations regarding the benefits of its psilocybin therapy, including COMP360. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical research and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof. 



    Enquiries



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



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  25. London, UK, April 09, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that George Goldsmith, Chairman, CEO and Co‑founder, and Lars Wilde, President, Chief Business Officer, and Co‑founder, will present a corporate update at 8:00am ET on 15 April at the 20th Annual Needham Virtual Healthcare Conference. Members of the COMPASS management team will also be holding 1:1 investor meetings.  

    A live audio webcast of the presentation will be available on the "Events" page of the Investors section of the COMPASS website. A replay of the webcast will be available for 30 days following the event. For…

    London, UK, April 09, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that George Goldsmith, Chairman, CEO and Co‑founder, and Lars Wilde, President, Chief Business Officer, and Co‑founder, will present a corporate update at 8:00am ET on 15 April at the 20th Annual Needham Virtual Healthcare Conference. Members of the COMPASS management team will also be holding 1:1 investor meetings.  

    A live audio webcast of the presentation will be available on the "Events" page of the Investors section of the COMPASS website. A replay of the webcast will be available for 30 days following the event. For more information, please visit ir.compasspathways.com.

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, USA. Our vision is a world of mental wellbeing. www.compasspathways.com

     

    Contacts:

     

    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401-290-7324

     

     

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  26. COMPASS Pathways appoints Wayne J Riley MD to its Board of Directors

    London, UK – 1 April 2021        

    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that it has appointed Wayne J Riley MD to its Board of Directors.

    Dr Riley is President of the State University of New York (SUNY) Downstate Health Sciences University, Brooklyn, where he holds tenured professorships in internal medicine, and health policy and management. A primary care physician and an academic, he has more than 25 years of experience encompassing clinical and academic medicine, research programme oversight, biotechnology, primary care…





    COMPASS Pathways appoints Wayne J Riley MD to its Board of Directors

    London, UK – 1 April 2021        



    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that it has appointed Wayne J Riley MD to its Board of Directors.

    Dr Riley is President of the State University of New York (SUNY) Downstate Health Sciences University, Brooklyn, where he holds tenured professorships in internal medicine, and health policy and management. A primary care physician and an academic, he has more than 25 years of experience encompassing clinical and academic medicine, research programme oversight, biotechnology, primary care, public health, healthcare management and policy, healthcare quality, academic health science centre administration, and government service.

    "We are delighted to welcome Wayne to the COMPASS Board," said George Goldsmith, CEO and Co-founder of COMPASS Pathways. "He has dedicated his career to patients and to improving healthcare services. At COMPASS, we want to transform the patient experience in mental health care and to give people options. We look forward to benefitting from Wayne's breadth of expertise as we continue to advance our evidence-based research and to work towards our vision of a world of mental wellbeing."

    Dr Riley said, "I am honoured to join the Board of COMPASS Pathways at this critical time when it is more important than ever to develop novel, effective treatments for depression and other mental health conditions. I look forward to working with the Board and the management team and contributing to advancing COMPASS's quest to improve the lives of millions of patients worldwide."

    In addition to his position at SUNY Downstate Health Sciences University, Dr Riley is also Chairman of the Board of the New York Academy of Medicine, an elected member of the US National Academy of Medicine, a Commissioner of the US Medicare Payment Advisory Commission, and President of the Society of Medical Administrators. He is a President Emeritus of the American College of Physicians (ACP).

    Dr Riley is a member of the Board of Directors of HCA Healthcare Inc, a learning health system comprising 180 hospitals and more than 2,000 sites of care in the US and in the UK, where he serves as Chair of the Patient Safety & Quality Committee and a member of the Audit & Compliance and Nominating & Corporate Governance Committees. He previously served as a Director of Vertex Pharmaceuticals. He holds a BA from Yale University, an MPH from the Tulane University School of Public Health and Tropical Medicine, an MD from the Morehouse School of Medicine, and an MBA from Rice University.

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com

    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.  



    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, COMPASS's business strategy and goals, COMPASS's ability to continue to advance its research, and COMPASS's expectations regarding the benefits of its psilocybin therapy. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical research and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.          



    Enquiries



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423

     



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  27. COMPASS Pathways granted two US patents

    London, UK – 23 March 2021    

    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that it has been granted two new patents by the US Patent and Trademark Office (USPTO). These patents cover oral formulations of COMPASS's synthetic psilocybin in the treatment of major depressive disorder (MDD), which includes treatment-resistant depression (TRD).

    US Patent No 10,954,259 was granted on 23 March 2021, with claims to COMPASS's high-purity crystalline psilocybin (including the form used in its synthetic formulation, COMP360), pharmaceutical formulations containing crystalline…



    COMPASS Pathways granted two US patents

    London, UK – 23 March 2021    



    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that it has been granted two new patents by the US Patent and Trademark Office (USPTO). These patents cover oral formulations of COMPASS's synthetic psilocybin in the treatment of major depressive disorder (MDD), which includes treatment-resistant depression (TRD).

    US Patent No 10,954,259 was granted on 23 March 2021, with claims to COMPASS's high-purity crystalline psilocybin (including the form used in its synthetic formulation, COMP360), pharmaceutical formulations containing crystalline psilocybin and methods of treating MDD with the crystalline psilocybin.

    US Patent No 10,947,257 was granted on 16 March 2021, with claims to oral dosage forms of crystalline psilocybin and methods of treating MDD with the oral dosage forms.

    "These patents are a critical milestone in our efforts to establish a new evidence-based option to help patients with depression in the US," said George Goldsmith, CEO and Co-founder of COMPASS Pathways. "Through these grants, the USPTO has recognised our innovations. These decisions enable us to continue to do the highest quality clinical research and bring potentially life-changing care to patients who might benefit from this therapy."

    COMPASS's first US patent, No 10,519,175, was granted in December 2019 and covers the use of formulations of COMPASS's high-purity crystalline psilocybin in psilocybin therapy for patients with TRD.

    COMP360 is being investigated in a phase IIb clinical trial of psilocybin therapy for TRD. COMPASS received Breakthrough Therapy designation from the US FDA for this application in 2018. Data from the phase IIb trial is expected in late 2021.



    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com



    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.  



    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, COMPASS's business strategy and goals, the benefits of additional patent protection to help achieve these goals, and COMPASS's expectations regarding the benefits of its psilocybin therapy. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical research and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.          



    Enquiries



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors:
    Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423



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    • Phase IIb clinical trial of COMP360 psilocybin therapy for treatment-resistant depression (TRD) on track to report data by end of 2021
    • First Centre of Excellence, a research facility and innovation lab, established at Sheppard Pratt (Baltimore, Maryland, US)
    • Discovery Center expanded into network of world-leading scientists developing new optimised psychedelic compounds
    • Conference call today at 1.00pm GMT (8.00am ET)

    LONDON, March 09, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, today reported its financial results for the fourth quarter and year-end 2020 and gave an update on recent progress across its business…

    • Phase IIb clinical trial of COMP360 psilocybin therapy for treatment-resistant depression (TRD) on track to report data by end of 2021
    • First Centre of Excellence, a research facility and innovation lab, established at Sheppard Pratt (Baltimore, Maryland, US)
    • Discovery Center expanded into network of world-leading scientists developing new optimised psychedelic compounds
    • Conference call today at 1.00pm GMT (8.00am ET)

    LONDON, March 09, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, today reported its financial results for the fourth quarter and year-end 2020 and gave an update on recent progress across its business.

    George Goldsmith, Chairman, CEO and Co-founder, COMPASS Pathways, said, "Mental health is an urgent crisis and this has only been exacerbated by the COVID-19 pandemic. At COMPASS we remain committed to transforming mental health care and helping patients who are suffering and aren't helped by existing treatments. Our phase IIb clinical trial of COMP360 psilocybin therapy for treatment-resistant depression is actively recruiting and we plan to report data from this trial at the end of the year. We are also continuing preclinical research into new indications, new compounds and new technologies, working with partners through our Centre of Excellence, our Discovery Center, and a number of investigator-initiated studies, as well as developing a strong team."

    Business highlights

    • Continued progress with phase IIb clinical trial of COMP360 psilocybin therapy for treatment-resistant depression (TRD)        

      - On track to report data end of 2021

      - New site added in London, UK, bringing trial to 22 sites in 10 countries

      - Working closely with all sites to assess the ongoing COVID-19 situation and COMPASS will always prioritise the safety of patients and teams

      - Paper on therapist training programme published in Frontiers in Psychiatry in February, setting out formal and scalable methodology for psychological support in psilocybin therapy

      - Breakthrough Therapy designation awarded by US FDA in 2018
    • Signal-generating, exploratory psilocybin therapy research underway in a range of indications

      - COMPASS has the right to exclusively license new IP generated through these investigator-initiated studies



    • Launch of first Centre of Excellence at Sheppard Pratt, Baltimore

      - Centres of Excellence are research facilities and innovation labs that COMPASS anticipates will model the "clinic of the future", showcasing the most advanced thinking in science, therapy, technology and design

      - Centres of Excellence should generate evidence to shape therapy models in mental health care, train and certify therapists, conduct clinical trials including proof-of-concept studies, and prototype digital solutions to improve patient experience

      - Initial research focused on COMP360 psilocybin therapy, which is already being used in two investigator-initiated studies looking at severe treatment-resistant depression and bipolar type II depression



    • Expansion of Discovery Center in the US

      - Discovery Center expanded beyond initial sponsored research agreement with University of the Sciences (Philadelphia, PA) to include collaborations with world-leading scientists from laboratories at UC San Diego, School of Medicine, and Medical College of Wisconsin, in a virtual network

      - Focus on development of new optimised psychedelic compounds targeting the 5-HT2A receptor

      - COMPASS is exclusive licensee for all new compounds generated



    Financial highlights

    • Net loss for the three months ended 31 December 2020 was $18.8 million, or $0.52 loss per share (after including non-cash share-based compensation expense of $1.4 million), compared with $7.6 million, or $0.90 loss per share, during the same period in 2019 (after including non-cash share-based compensation expense of $0.8 million)



    • The net loss for the 12 months ended 31 December 2020 was $60.3 million, or $3.55 loss per share (after including non-cash share-based compensation expense of $18.0 million), compared with $19.6 million, or $2.62 loss per share, during the same period in 2019 (after including non-cash share-based compensation expense of $3.3 million)



    • Research & development expenses (R&D) were $4.5 million for the three months ended 31 December 2020, compared with $4.6 million during the same period in 2019. R&D expenses were $23.4 million for the 12 months ended 31 December 2020, compared with $12.6 million during the same period in 2019, reflecting increased investment in the ongoing phase IIb COMP360 psilocybin therapy clinical programme for TRD



    • General and administrative expenses (G&A) were $7.0 million for the three months ended 31 December 2020, compared with $2.8 million during the same period in 2019. Of the increase, $0.5 million was related to share-based compensation expenses. G&A expenses were $28.0 million for the 12 months ended 31 December 2020, compared with $8.6 million during the same period in 2019. Of this increase, $10.2 million was related to share-based compensation expenses



    • Cash and cash equivalents were $190.3 million as of 31 December 2020, compared with $196.5 million at 30 September 2020



    Conference call

    The COMPASS Pathways management team will host a conference call at 1.00pm GMT (8.00am ET) on 9 March 2021. The call can be accessed by dialling (833) 665-0659 from the United States, +1 (914) 987-7313 internationally, and 0800 028 8438 from the UK, followed by the conference ID: 5558345.

    The call will also be webcast on the investors section of the COMPASS Pathways website (ir.compasspathways.com) and archived for 30 days.

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com        



    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.        



    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, COMPASS's business strategy and goals, and COMPASS's expectations regarding its ongoing preclinical work and clinical trials, including the timing of the release of clinical data. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others: preclinical and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.        

    Enquiries



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7423

    COMPASS PATHWAYS PLC

    Consolidated Balance Sheets

    (in thousands, except share and per share amounts)

    (expressed in US Dollars, unless otherwise stated

     September

    30, 2020
    December

    31, 2020
    December

    31, 2019
    ASSETS   
    CURRENT ASSETS:   
    Cash$ 196,505$ 190,327$ 24,966
    Restricted Cash292918
    Prepaid expenses and other current assets10,67112,0487,187
    Total current assets207,205202,40432,171
    Investments500529-
    Property and equipment, net231245218
    Other assets59570
    Total assets$ 207,995$ 203,456$ 32,389
    LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' DEFICIT   
    CURRENT LIABILITIES:   
    Accounts payable$ 2,630$ 2,739        $ 1,262
    Accounts payable - due to related party13863
    Accrued expenses and other liabilities2,2774,1481,457
    Convertible notes payable--12,397
    Convertible notes payable – due to related party--8,692
    Total current liabilities4,9206,89523,871
    Total liabilities4,9206,89523,871
    Commitments and contingencies   
    Convertible preferred shares, £0.008 par value; no shares authorized, issued and outstanding at September 30 and December 31, 2020; 9,782,506 shares authorized, issued and outstanding at December 31, 2019; aggregate liquidation preference of $39,279 at December 31, 2019--38,908
    SHAREHOLDERS' EQUITY (DEFICIT):   
    Ordinary shares, £0.008 par value; 35,930,331 shares authorized, issued an outstanding at September 30, 2020 and December 31, 2020; 10,752,429 shares authorized, issued an outstanding at December 31, 2019367367111
    Deferred shares, £21,921.504 par value; one share authorized, issued and outstanding at September 30, 2020 and December 31, 2020; no shares authorized, issued and outstanding at December 31, 20192828-
    Additional paid-in capital278,098279,4807,162
    Accumulated other comprehensive income (loss)3,67514,585(98)
    Accumulated deficit(79,093)(97,899)(37,565)
    Total shareholders' equity (deficit)203,075196,561(30,390)
        
    Total liabilities, convertible preferred shares and shareholders' equity (deficit)$ 207,995$ 203,456$ 32,389
        

    COMPASS PATHWAYS PLC

    Consolidated Statements of Operations and Comprehensive Loss

    (in thousands, except share and per share amounts)

     Three Months

    Ended December 31,
    Twelve Months

    Ended December 31,
     2020201920202019
    OPERATING EXPENSES:    
    Research and development4,5444,57623,36612,563
    General and administrative6,9532,66027,8628390
    General and administrative - fees due to a related party2291165226
    Total operating expenses11,5197,32751,39321,179
    LOSS FROM OPERATIONS:(11,519)(7,327)(51,393)(21,179)
    OTHER INCOME (EXPENSE), NET:    
    Other income(8,433)2131973
    Foreign exchange losses-(148)(11,702)(81
    Fair value change of convertible notes(17)(670)(1,041)(670)
    Fair value change of convertible notes - due to a related party-(469)(730)(469)
    Benefit from R&D tax credit1,0709734,2452,729
    Total other income (expense), net(7,380)(293)(8,909)1,582
    Loss before income taxes(18,899)(7,620)(60,302)(19,597)
    Income tax benefit (expense)93(15)(32)(15)
    Net loss(18,806)(7,635)(60,334)(19,612)
    Other comprehensive (loss) income:    
    Foreign exchange translation adjustment10,91091414,683337
    Comprehensive loss(7,896)(6,721)(45,651)(19,275)
    Net loss per share attributable to ordinary shareholders—basic and diluted$ (0.52)$ (0.90)$ (3.55)$ (2.62)
    Weighted average ordinary shares outstanding—basic and diluted35,912,3338,487,84116,991,6647,476,422


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  28. New York, March 02, 2021 (GLOBE NEWSWIRE) -- London, UK – 2 March 2021

     

    COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that it will release financial results for the fourth quarter and year ended 31 December 2020, and provide an update on recent business developments, on 9 March 2021.

    The management team will host a conference call at 1:00pm GMT (8.00am ET) on 9 March. The call can be accessed by dialling (833) 665-0659 from the United States, +1 (914) 987-7313 internationally, and 0800 028 8438 from the UK, followed by the conference ID: 5558345.

    The call will also be webcast on the Investors section of the COMPASS Pathways…

    New York, March 02, 2021 (GLOBE NEWSWIRE) -- London, UK – 2 March 2021

     

    COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that it will release financial results for the fourth quarter and year ended 31 December 2020, and provide an update on recent business developments, on 9 March 2021.

    The management team will host a conference call at 1:00pm GMT (8.00am ET) on 9 March. The call can be accessed by dialling (833) 665-0659 from the United States, +1 (914) 987-7313 internationally, and 0800 028 8438 from the UK, followed by the conference ID: 5558345.

    The call will also be webcast on the Investors section of the COMPASS Pathways website. The webcast will be archived for 30 days.

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com

     

    Contacts:

     

    COMPASS Pathways

    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401-290-7324

     





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  29. New York, NY, Feb. 26, 2021 (GLOBE NEWSWIRE) -- George Goldsmith, Chairman & CEO, to participate in Neuropsych Panel discussion

     

    London, UK – 26 February 2021

    COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that members of its management team will participate in Cowen's 41st Annual Health Care Conference. George Goldsmith, Chairman, CEO and Co‑founder, will participate in the Neuropsych Panel discussion at 1:20pm ET on 1 March. 

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus

    New York, NY, Feb. 26, 2021 (GLOBE NEWSWIRE) -- George Goldsmith, Chairman & CEO, to participate in Neuropsych Panel discussion

     

    London, UK – 26 February 2021



    COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that members of its management team will participate in Cowen's 41st Annual Health Care Conference. George Goldsmith, Chairman, CEO and Co‑founder, will participate in the Neuropsych Panel discussion at 1:20pm ET on 1 March. 

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com

     

    Contacts:



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401-290-7324

     



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  30. NEW YORK, Feb. 25, 2021 /PRNewswire/ -- The emergence of psychedelics as a mental health solution and as a legitimate industry has been one of the most radical market developments that we have seen in decades. Far from being a fleeting trend, the global psychedelics market is primed to grow at a healthy CAGR of 16.3% up to 2027 to $6.85 billion. This market is being driven by changing public attitudes and perceptions towards psychedelics, accelerating research and understanding on these substances' medical utilities, and an urgent need for more effective mental health solutions. These are all trends that are likely to continue driving this market forward in the years to come, as companies like Pure Extracts Technologies Corp. (CSE:PULL) (OTCPK:PRXTF…

    NEW YORK, Feb. 25, 2021 /PRNewswire/ -- The emergence of psychedelics as a mental health solution and as a legitimate industry has been one of the most radical market developments that we have seen in decades. Far from being a fleeting trend, the global psychedelics market is primed to grow at a healthy CAGR of 16.3% up to 2027 to $6.85 billion. This market is being driven by changing public attitudes and perceptions towards psychedelics, accelerating research and understanding on these substances' medical utilities, and an urgent need for more effective mental health solutions. These are all trends that are likely to continue driving this market forward in the years to come, as companies like Pure Extracts Technologies Corp. (CSE:PULL) (OTCPK:PRXTF) (XFRA: A2QJAJ), Revive Therapeutics (CSE:RVV) (OTCPK:RVVTF), Mydecine Innovations Group Inc. (CSE:MYCO) (OTCPK:MYCOF), Aikido Pharma Inc (NASDAQ:AIKI), and Compass Pathways (NASDAQ:CMPS) push to become leaders in this emerging space.

    Pure Extracts Prepares For Dealers Licence With Psychedelic Drug Research

    Canadian extraction company Pure Extracts Technologies Corp. (CSE:PULL) (OTC:PRXTF) (XFRA: A2QJAJ) is in the process of becoming a leader in pharmaceutical psychedelic innovation. The Company is currently compiling its application with Health Canada for a Dealer's Licence under the Controlled Drugs and Substances Act with plans to produce pharmaceutical-grade psilocybin extracts out of the Company's fully built out EU-GMP compliant extraction lab located north of Whistler, British Columbia. Pure Extracts' cutting edge CO² and ethanol extraction technology is ideal for producing accurately dosed and reliable psilocybin products for use with psychedelic assisted psychotherapy.

    Once Pure Extracts obtains its Health Canada Dealer's Licence, the Company will be able to  produce, distribute, and sell commercial psilocybin and psilocin products in Canada. In the meantime, the Company is working to advance research into psilocybin extracts for pharmaceutical purposes. On January 14, the Company delineated the timetable and milestones for a previously announced study on the formulation and manufacturing of psilocybin-based active treatments for oral tablets, capsules, and a nasal gel. The study will be conducted at the Toronto Institute of Pharmaceutical Technology by Pure Extracts scientific advisor Dr. Alexander MacGregor and focus on formulating, manufacturing, and clinical bioavailability testing of rapid onset psilocybin dosage forms.

    "We are excited about the R&D progress we are going to make with TIPT over the next 6 to 8 months while waiting to receive our Dealer's License from Health Canada," Pure Extracts CEO Ben Nikolaevsky said in the Company's release. "We will be well prepared for our move into the controlled substances world of psychedelics and will have advanced knowledge regarding psilocybin and its associated novel delivery mechanisms."

    Biotech Companies Position Themselves in Emerging Psychedelics Market

    As the psychedelics industry begins to gain steam, biotech and life sciences companies are rushing to position themselves in the emerging market. Revive Therapeutics (CSE:RVV) (OTCPK:RVVTF) announced on February 17 that the company had entered into an asset purchase agreement to acquire PharmaTher Inc.'s psilocybin-related intellectual property. The company says that the acquisition will solidify its position in the psychedelics industry with a leading psychedelics pharmaceutical platform and that the company will use this technology to advance its psilocybin program for treatment of clinical needs in mental health, cancer, and neurological disorders.

    Also on February 17, Mydecine Innovations Group Inc. (CSE:MYCO) (OTC:MYCOF) announced that the company's subsidiary, Mindleap Health, had filed a provisional patent for its technology platform in both The United States Patent and Trademark Office and the Canadian Intellectual Property Office. Mindleap Health is the world's first telemedicine application purpose-built to support psychedelic medicine.

    On January 6, biotechnology development company Aikido Pharma Inc (NASDAQ:AIKI) announced that it had executed a patent license agreement for technology related to psilocybin for cancer treatment and treatment of cancer side-effects. Aikido's announcement is noteworthy for the psychedelics sector because Aikido has been an established player in the cancer treatment space for decades, and the company's interest in psychedelics signals momentum for these treatments in the broader biotech space. The company's CEO says that the company sees psychedelics as an expanding area of treatment.

    Compass Pathways (NASDAQ:CMPS) announced on February 9 that the company has expanded its Discovery Center through collaborations with laboratories at UC San Diego, School of Medicine, and Medical College of Wisconsin. Compass's Discovery Center is a research network dedicated to developing new, optimised psychedelic compounds to address unmet medical needs. The company says that it intends to expand its research network nationwide.

    The psychedelics market is just getting started, and as the industry grows and matures, first movers like Pure Extracts could be set up to become leaders in a game changing pharmaceutical space.

    Click here to find out more about Pure Extracts.

    DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above.  References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

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  31. NEW YORK, Feb. 16, 2021 /PRNewswire/ -- Psychedelics have made some spectacular breakthroughs to gain legitimacy as mental healthcare products and to become an emerging health and wellness market of its own. As these products enter the regulated consumer market, however, it's important that they are reliably and accurately dosed to ensure user health and safety. Accurate dosing is difficult to achieve with botanicals, which is why forward-thinking psychedelics companies are developing new extracted products designed for the most accurate dosing possible. These innovative products include oral tablets, capsules, nasal gels, and more. Forward thinking companies like Pure Extracts (CSE:PULL) (OTCPK: PRXTF), Compass Pathways (NASDAQ:CMPS), Cybin

    NEW YORK, Feb. 16, 2021 /PRNewswire/ -- Psychedelics have made some spectacular breakthroughs to gain legitimacy as mental healthcare products and to become an emerging health and wellness market of its own. As these products enter the regulated consumer market, however, it's important that they are reliably and accurately dosed to ensure user health and safety. Accurate dosing is difficult to achieve with botanicals, which is why forward-thinking psychedelics companies are developing new extracted products designed for the most accurate dosing possible. These innovative products include oral tablets, capsules, nasal gels, and more. Forward thinking companies like Pure Extracts (CSE:PULL) (OTCPK: PRXTF), Compass Pathways (NASDAQ:CMPS), Cybin Inc (NEO: CYBN) (OTCPK: CLXPF), AIkido Pharma Inc (NASDAQ:AIKI), and Numinus Wellness (TSXV:NUMI) (OTCPK: LKYSF) are advancing psychedelic medicine with research and development into the best ways to administer these revolutionary treatments. 

    Pure Extracts Developing State-of-the-Art Psychedelics Extracts

    Pure Extracts (CSE:PULL) (OTC:PRXTF) is a Canadian company specializing in functional mushrooms and psychedelics with extensive extraction and production experience. The Company utilizes cutting-edge, sub and super-critical CO² and ethanol extraction technology to produce high-quality, high purity formulations on a commercial scale. As psychedelic health and wellness continues its development, Pure Extracts is set up to deliver solvent-free, white-label formulations to service contract sales.

    Pure Extracts conducts its extraction at its state-of-the-art facility in Pemberton, British Columbia, located 30 kms north of famed Whistler Resort. The facility is built to EU-GMP specifications, allowing for certification so that the Company will be able to sell its products internationally. On December 16, Pure Extracts announced that the Company had begun to build-out the fourth unit in its facility. This unit is specifically designed for extraction of mushrooms and for research and development of psilocybin. Pure Extracts is currently preparing its application for a Health Canada Dealer's Licence under the Controlled Drugs and Substances Act, which will allow the company to produce, distribute, and sell psilocybin products.

    On December 30, Pure Extracts announced the commencement of a new study on the formulation and manufacturing of psilocybin-based active treatments for oral tablets, capsules, and a nasal gel. Conducted at the Toronto Institute of Pharmaceutical Technology by Dr. Alexander MacGregor, the study will focus on formulating, manufacturing, and clinical bioavailability testing of rapid onset psilocybin dosage forms that could be used in future efficacy clinical trials by both Pure Extracts and its pharmaceutical customers.

    "We are excited about the R&D progress we are going to make with TIPT over the next six to eight months while waiting to receive our Dealer's License from Health Canada," Pure Extracts CEO Ben Nikolaevsky said in the Company's release. "We will be well prepared for our move into the controlled substances world of psychedelics and will have advanced knowledge regarding psilocybin and its associated novel delivery mechanisms."

    Biotech Space Develops Extracted Psychedelic Therapeutics

    Compass Pathways (NASDAQ:CMPS) sent shockwaves through the psychedelics space last year when it became the first psychedelics company to list on a major US exchange with its listing on the NASDAQ. The company has continued its research and development into psychedelics, announcing on February 9 the expansion of its Discovery Center and research collaborations with three of the world's most eminent scientists in psychedelic research.

    In the fight towards therapeutic breakthroughs for mental health disorders, Cybin Inc (NEO:CYBN) (OTC:CLXPF) has entered into a partnership with Kernel to utilize its Kernel Flow technology to quantify brain activity during psychedelic experiences. Cybin believes that this clinical work could help to fill in the gaps for targeting neurological disorders.

    Diversified biotechnology company AIkido Pharma Inc (NASDAQ:AIKI) announced in January that the company had executed a patent license agreement for technology related to psilocybin for cancer treatment and treatment of cancer side-effects. AIkido has been focused on small-molecule anti-cancer therapeutics for decades and the company's CEO says that they believe psychedelics to be an expanding area of treatment.

    On February 8, psychedelic-focused mental health and wellness company Numinus Wellness (TSXV:NUMI) (OTCPK:LKYSF) completed its acquisition of Montreal-based full-service well-being organization Mindspace Psychology Services Inc. The company describes Mindspace as "a leader and pioneer in psychedelic programming."

    Psychedelics could be the future of health and wellness, and extracted products like those developed by Pure Extracts could be key to unlocking the safe and reliable therapeutic benefits of these products.

    To learn more about Pure Extracts, please click here.

    DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above.  References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

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  32. ATLANTA, Feb. 11, 2021 (GLOBE NEWSWIRE) -- OTC Stock Review: Unless you have been hiding under a rock for the last year, you probably know psychedelic stocks have been among the biggest movers on Wall Street. New leaders may emerge, but the reason for this increased interest in psychedelics is improved mental health. We have said it before, and we will say it again, the real money in psychedelics will be made from FDA approved drugs for the treatment of depression and mental health. Depression is a common mental disorder affecting more than 264 million people worldwide. Finding a treatment for those 264 million people suffering from depression are what it's all about. No one deserves to live in a state of depression. Mental health experts…

    ATLANTA, Feb. 11, 2021 (GLOBE NEWSWIRE) -- OTC Stock Review: Unless you have been hiding under a rock for the last year, you probably know psychedelic stocks have been among the biggest movers on Wall Street. New leaders may emerge, but the reason for this increased interest in psychedelics is improved mental health. We have said it before, and we will say it again, the real money in psychedelics will be made from FDA approved drugs for the treatment of depression and mental health. Depression is a common mental disorder affecting more than 264 million people worldwide. Finding a treatment for those 264 million people suffering from depression are what it's all about. No one deserves to live in a state of depression. Mental health experts find a strong link between loneliness and depression and drug overdoses. According to national drug abuse data, drug overdoses have increased 42% since Covid-19 reared its ugly head. As a result, mental health disorders are on the rise in every country and could cost the global economy up to $16 trillion annually by 2030. The numbers are staggering, but outweighed by the loss of human lives. Mental health is something every one of us should be talking about. Psychedelic-assisted psychotherapy could provide needed options for debilitating mental-health disorders including PTSD, major depressive disorder, alcohol-use disorder, anorexia nervosa and more that kill thousands every year in the United States, and cost billions worldwide in lost productivity.

    OTC Stock Review introduced a large number of investors to the psychedelic sector with an article on Seeking Alpha March 6, 2020 titled "Psychedelic Medicine Stocks Capture the Attention of Investors." Even though several of today's market leaders were not public last March, since then several of the stocks covered in the article have made five and ten fold moves. Almost a year later we are still focusing on psychedelic stocks and the potential treatments for depression and improving mental health.

    Companies like Mind Medicine (MindMed) Inc. (OTCQB:MMEDF), Ehave, Inc. (OTC:EHVVF), COMPASS Pathways plc (NASDAQ:CMPS), and Field Trip Health Ltd. (OTC:FTRPF) are four companies that could have an impact on the lives of those suffering from depression.

    MindMed (OTCQB:MMEDF) is a neuro-pharmaceutical company that has initiated clinical studies to evaluate potential treatments to help patients with ADHD, anxiety, and substance abuse. MindMed also offers the broadest and most diversified pipeline of psychedelic drugs in clinical development and R&D. MinMed estimates there is a $100+ billion global total addressable market for psychedelics. On January 20, 2021 MindMed announced it has started the first ever clinical trial measuring and evaluating MDMA and LSD used in combination in the human body. The trial will be conducted at the University Hospital Basel Liechti Lab, in Basel, Switzerland. If administered in combination with LSD, MDMA may increase positive subjective drug effects, including positive mood and empathy, and reduce the negative emotions and anxiety that are sometimes associated with LSD - producing an overall more positive experience.

    MindMed is also investing in people. The Company recently announced the addition of Robert Barrow, an accomplished pharmaceutical executive, as Chief Development Officer. Mr. Barrow has over a decade of experience leading drug development programs aimed at identifying and testing novel treatments in a wide range of disease conditions under FDA and EMA. He most recently served as Director of Drug Development & Discovery at the Usona Institute, where he oversaw preclinical, clinical and regulatory development efforts for all of Usona's development programs in psychedelics. Bruce Linton, the Founder and Former Chairman and CEO of Canopy Growth Corporation, serves as a member of MindMed's Board of Directors. Kevin O'Leary of Shark Tank fame, aka Mr. Wonderful, invested in MindMed in its $24.2 million funding round before going public on Canada's NEO Exchange. You can find more information on MindMed at https://mindmed.co

    Ehave, Inc. (OTC:EHVVF) Ehave, Inc. (OTC:EHVVF) is like a two for one psychedelic punch. The Company is pioneering its KetaDASH platform to provide Ketamine clinics and medical practitioners with software, staffing, protocols, and equipment to administer ketamine intravenously to patients at home. Not only is Ehave looking to work with ketamine clinics for home delivery, the Company recently sold its Mycotopia Therapies subsidiary to 20/20 Global. As a result of the sale, Ehave controls approximately 75.77% of the outstanding shares of 20/20 Global and has plans to distribute some of the shares to its shareholders. So, any important development on 20/20 Global is also an important development for Ehave. 20/20 Global has filed with FINRA to change its name to Mycotopia Therapies and has requested its symbol be changed to MYCO. Mycotopia Therapies announced Monday plans to establish PsyBioMed, a global subsidiary which will be involved in the manufacturing, licensing and worldwide sale of genetically optimized yeast to produce psychedelics. These biosynthetic compounds are expected to be pharmaceutically pure and 100% identical to Psychedelics strains found in nature at a fraction of the cost of cultivated plant material, making them promising contenders to replace synthetic and plant-extracted analogs. Ehave (EHVVF) will provide data gathering and sharing to PsyBioMed to help the Company research, develop, and build an integrated technical platform and comprehensive toolset with the goal of delivering psychedelic inspired medicines and experiential therapies. The digital therapeutics services provided by Ehave will enable real time information in clinical trials, while providing a clearer understanding of the impact on patient outcomes.

    PsyBioMed also plans to contribute to accelerating research and development of psychedelics for various mental health disorders, like chronic pain and addictions, while helping the industry become more sustainable over the long term by making psychedelic care accessible and affordable to everyone in need of it globally. The long term goal of PsyBioMed is to produce the best quality psychedelic molecules and lower costs and make them accessible for all academic research organizations, pharmaceutical companies and various healthcare institutions globally. PsyBioMed will be 51% owned by 20/20 Global through its Mycotopia subsidiary and 49% by Fremont California based Biomedican www.biomedican.com, with the profits being split equally between 20/20 Global and Biomedican. Biomedican has developed a proven technology with 4 patents pending for producing pharmaceutical-grade, 100% organic, non-GMO rare cannabinoids, including CBG, CBGA, THCV, THCVA, CBN, CBNA, and high-value compounds, like Astaxanthin, at 70-90% lower cost than conventional methods utilizing its Organic Biosynthesis Platform. These patented biosynthetic methods use yeast fermentation to ensure the efficient production of high-quality compounds. In contrast to chemically synthesized compounds, the compounds produced by Biomedican are 100% organic, non-GMO biosynthetic products identical to those extracted from plants. Biomedican and its officers have been featured, or quoted, in news sources like Forbes, NASDAQ, Bloomberg, Reuters, BioFuels Digest, and Axios. Additionally, Ehave has filed to list on the OTCQB and Canadian Securities Exchange (CSE). You can find more information on Ehave at www.ehave.com.

    COMPASS Pathways plc (NASDAQ:CMPS) operates as a mental health care company in the United Kingdom and the United States. It develops COMP360, a psilocybin formulation, which is in Phase IIb clinical trial to treat patients with treatment-resistant depression. On September 18, 2020 Compass came public at $17.00 per share and has traded as high as $61.69, after an $80 million private financing round. The private round included PayPal co-founder, Peter Thiel. COMPASS Pathways plc is currently rated a buy at Berenberg Bank, Canaccord Genuity, Cowen, Evercore ISI, and HC Wainwright. Institutional investors own 15.78% of the COMPASS Pathways plc's outstanding shares.

    COMPASS Pathways plc recently announced that it has expanded its Discovery Center, through collaborations with world-leading laboratories at UC San Diego, School of Medicine, and Medical College of Wisconsin. Adam Halberstadt PhD, Associate Professor, Psychiatry, UC San Diego, and John D McCorvy PhD, Assistant Professor, Department of Cell Biology, Neurobiology and Anatomy, MCW, and their teams, will join Jason Wallach PhD, Assistant Professor of Pharmaceutical Sciences, University of the Sciences (Philadelphia), at the Discovery Center. COMPASS Pathways plc is pouring big money into psilocybin-based treatment; COMP360 is in Phase 2 trials for treatment resistant depression. In Europe COMPASS Pathways plc was granted a U.K. patent, adding to its U.S. patent and German utility model. You can find more information on COMPASS Pathways plc at www.compasspathways.com

    Field Trip Health Ltd. (OTC:FTRPF) is opening Field Trip Health centers across North America and Europe for the delivery of psychedelic therapies. The Company plans to conduct an observational study to assess whether Field Trip's ketamine-assisted therapies, which have demonstrated significant efficacy in treating mental health conditions such as depression, anxiety and PTSD, translate into improvements in physical health through a variety of biometric measures collected via WHOOP Strap 3.0 including heart rate variability (HRV), resting heart rate, and overall sleep quality. Field Trip procured WHOOP products and access to additional data insights via a research partnership and enterprise program.

    According to its website, Field Trip Health currently has ketamine clinics in Toronto, New York, Los Angeles, Chicago, Atlanta, Amsterdam, and Los Angeles. Ketamine-enhanced psychotherapy is conducted at lower doses of ketamine than what has been used safely in anaesthesia for decades. Esketamine, a ketamine-derived drug, was the first FDA-approved drug to treat depression in 35 years. Field Trip Health's therapy uses lower doses of ketamine medication in a safe setting alongside psychotherapy. These lower doses can promote better mental health by disrupting thought patterns or loops that may be preventing progress. Ketamine interacts with some of your brain's neurotransmitters. Its effects can include relieving anxiety and pain relief, and acting as an antidepressant. Under medical supervision, lower doses of ketamine can relax your mind and allow you to temporarily disengage from your routine thought patterns. When combined with psychotherapy, studies found it can be helpful in reducing anxiety and depression.

    DISCLAIMER: OTC Stock Review (OTCSR), which owns and operates OTCStockReview.com, is a third- party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. OTCSR is NOT affiliated in any manner with any company mentioned herein. OTCSR and its affiliated companies is a news dissemination solutions provider and are not a registered broker/dealer/analyst/adviser. OTCSR holds no investment licenses and may not sell, offer to sell or offer to buy any security. OTCSR's market updates, news alerts and corporate profiles are not a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is never to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. OTCSR is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed OTCSR was compensated two thousand dollars for news coverage of current press releases issued by Ehave, Inc. by a non-affiliated third party. OTCSR AND ITS AFFILIATES DO NOT HOLD ANY SHARES OF THE COMPANIES NAMED IN THIS RELEASE.

    This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and OTCSR undertakes no obligation to update such statements.

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  33. COMPASS Pathways expands its Discovery Center through new collaborations with world-leading scientists

    Adam Halberstadt and John McCorvy join Jason Wallach to develop new psychedelic compounds at the virtual Discovery Center

    London, UK – 9 February 2021

    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that it has expanded its Discovery Center, through collaborations with world-leading laboratories at UC San Diego, School of Medicine, and Medical College of Wisconsin (MCW). Adam Halberstadt PhD, Associate Professor, Psychiatry, UC San Diego, and John D McCorvy PhD, Assistant Professor, Department of Cell…



    COMPASS Pathways expands its Discovery Center through new collaborations with world-leading scientists

    Adam Halberstadt and John McCorvy join Jason Wallach to develop new psychedelic compounds at the virtual Discovery Center

    London, UK – 9 February 2021



    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that it has expanded its Discovery Center, through collaborations with world-leading laboratories at UC San Diego, School of Medicine, and Medical College of Wisconsin (MCW). Adam Halberstadt PhD, Associate Professor, Psychiatry, UC San Diego, and John D McCorvy PhD, Assistant Professor, Department of Cell Biology, Neurobiology and Anatomy, MCW, and their teams, will join Jason Wallach PhD, Assistant Professor of Pharmaceutical Sciences, University of the Sciences (Philadelphia), at the Discovery Center, a group of researchers working together, virtually.

     

    The COMPASS Discovery Center was established in August 2020 through a sponsored research agreement between COMPASS and University of the Sciences. It is led by Jason Wallach's laboratory at University of the Sciences and is now expanding its research network across the US, with Adam Halberstadt in San Diego, and John McCorvy in Wisconsin. The scientists intend to develop new, optimised psychedelic compounds to address unmet medical need. COMPASS will be the exclusive licensee for all new compounds generated.



    Adam Halberstadt PhD is an expert on the behavioural neuropharmacology of psychedelics. He leads a team studying how psychedelics interact with serotonin systems and the implications for psychedelic therapy. Dr Halberstadt was the co-editor of the book Behavioural Neurobiology of Psychedelic Drugs and developed an efficient, automated head-twitch response preclinical assay that is now helping to expedite the screening of novel psychedelic compounds.



    John McCorvy PhD is a 5-HT receptor pharmacologist and expert in G protein-coupled receptor (GPCR) signalling. His lab at MCW studies multiple aspects of GPCR signalling elicited by psychedelic, antipsychotic and antidepressant drugs. This work includes the importance of functional selectivity, whereby different drugs bind to the same receptor to cause different effects. He will be conducting detailed pharmacological characterisations of new compounds.



    Jason Wallach PhD, who is leading the work at the Discovery Center, is a leading chemist and pharmacologist who studies a broad range of psychoactive compounds, including psychedelic and dissociative drugs. He said, "Psilocybin and other psychedelic compounds have shown promise for helping people suffering with mental health challenges, such as treatment-resistant depression. The Discovery Center is investigating whether similar compounds could have superior properties to psilocybin. We are looking for the next generation of compounds that might make a difference to patients. I'm honoured to be collaborating with Dr Halberstadt and Dr McCorvy, who bring increased breadth and depth of expertise to our research."  



    Lars Wilde, Chief Business Officer and Co-founder, COMPASS Pathways, said, "This is a really exciting collaboration with three of the world's most eminent scientists in psychedelic research. The Discovery Center will focus on preclinical research of novel psychedelic compounds addressing significant unmet need in a number of mental health indications. We believe that this will enable us to build a broad portfolio that will ultimately help patients and bring us closer to our vision of a world of mental wellbeing."



    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com

     

    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com) and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.



    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others, the risk that preclinical research and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic, the risk that results of preclinical studies may not be predictive of the results of clinical trials, and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's Prospectus filed with the US Securities and Exchange Commission (SEC) on 21 September 2020 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.



    Media enquiries:

    Tracy Cheung, tracy@compasspathways.com, +44 7966 309024



    Investor enquiries:

    
    Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7324

     



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  34. COMPASS Pathways announces publication in Frontiers in Psychiatry
    of paper on therapist training programme for psilocybin therapy

    Formal and scalable methodology for psychological support in psilocybin therapy

    London, UK – 3 February 2021


    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, has shared details of its comprehensive and rigorous therapist training programme for psilocybin therapy, in a paper jointly written with a group of academic researchers, and published in Frontiers in Psychiatry today. The programme sets out a formal and scalable methodology for psychological support in psilocybin therapy. It is currently being…

    COMPASS Pathways announces publication in Frontiers in Psychiatry

    of paper on therapist training programme for psilocybin therapy

    Formal and scalable methodology for psychological support in psilocybin therapy

    London, UK – 3 February 2021



    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, has shared details of its comprehensive and rigorous therapist training programme for psilocybin therapy, in a paper jointly written with a group of academic researchers, and published in Frontiers in Psychiatry today. The programme sets out a formal and scalable methodology for psychological support in psilocybin therapy. It is currently being used to train therapists taking part in COMPASS's phase IIb clinical trial of COMP360 psilocybin therapy for treatment-resistant depression, as approved by the US Food and Drug Administration (FDA), as part of COMPASS's Investigational New Drug (IND) application.

    In psilocybin therapy, patients are given a dose of psilocybin, a psychedelic substance, in conjunction with psychological support from specially trained therapists. COMPASS developed the therapist training programme alongside leading experts in mental health and psychedelic research, including William A Richards (Johns Hopkins Bayview Medical Center, US), Elizabeth Nielson (NYS Psychiatric Institute, NYU School of Medicine, US), Riikka Ajantaival (Clinical Research Institute, Helsinki University Central Hospital, Finland), Peter Gasser (private practice, Switzerland), Sara J Tai (University of Manchester, UK), Brian D Richards (Johns Hopkins Bayview Medical Center, Sheppard and Enoch Pratt Hospital, and Aquilino Cancer Center, US), and Frederick Reinholdt (King's College London, UK). The programme uses a new and manualised approach drawing from evidence-based psychotherapeutic approaches, and currently comprises four components: an online learning platform; in-person training; applied clinical training; and ongoing individual mentoring and professional development.

    In previous psilocybin studies, the approach to psychological support often varied between research sites, making it difficult to replicate and distinguish the specific effects of psilocybin from concurrent therapeutic interventions. Equally, training in the provision of psychological support had not been defined and evaluated. This manualised training programme begins to address this gap and is the start of a process that will continue to be refined and adapted as clinical trials of psilocybin therapy progress.

    Dr William A Richards, a psychologist and research affiliate in the Psychiatry Department of the Johns Hopkins University School of Medicine, Bayview Medical Center, and a co-author of the paper, said, "The psychological support is an integral element of psilocybin therapy and must be provided by trained therapists. The development of a structured and formalised training programme aims to ensure we deliver psilocybin therapy in a way that considers physical and psychological safety, with consistently high quality support."

    Therapists who participated in the training reported that the combination of didactic and experiential learning helped them to build conceptual understanding and develop their skills in the therapeutic approach. From the programme feedback, the clinical training and engagement in participant care, under the guidance of experienced therapists, were considered to be the most beneficial and challenging aspects of the training.

    Ekaterina Malievskaia, Chief Innovation Officer and Co-founder, COMPASS Pathways, said, "Psilocybin therapy has the potential to make a difference to millions of people suffering with mental health challenges, and our priority is to develop evidence-based innovations that are safe and effective for patients. High quality clinical training for therapists is an essential part of this. Our training programme is the result of early and ongoing collaboration with many experts and we are grateful for all their contributions. We will continue to evolve our training programme as we progress COMP360 psilocybin therapy through clinical trials. We hope that this first step encourages collaboration among therapist training providers, as we work towards bringing psilocybin therapy to all who might benefit."

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD in 22 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com

     

    Availability of other information about COMPASS Pathways

    Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com),  and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.

     

    Forward-looking statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as "may", "might", "will", "could", "would", "should", "expect", "intend", "plan", "objective", "anticipate", "believe", "contemplate", "estimate", "predict", "potential", "continue" and "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS's control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

    These risks, uncertainties, and other factors include, among others, the risk that benefits of our methodology of psychological support in psilocybin therapy may be less effective than we believe, that preclinical and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic, and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's Prospectus filed with the US Securities and Exchange Commission (SEC) on 21 September 2020 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.

     

    Media enquiries:

    Tracy Cheung, tracy@compasspathways.com, +44 7966 309024



    Investor enquiries:

    Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7324



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  35. Launch of Catalio Credit Demonstrates Continued Growth & Evolution of Catalio Platform

    Catalio Capital Management, LP (Catalio), a multi-strategy life sciences investment firm, has today announced the launch of their Credit Opportunities strategy to expand the scope of the firm's investments across the biomedical technology industry and meet the growing demand for non-dilutive growth capital within the sector.

    The Catalio Credit Opportunities strategy seeks to provide senior-secured structured credit to breakthrough biomedical companies, targeting well-capitalized, pre-cashflow businesses with significant support from institutional investors. The strategy will be led by Co-Portfolio Managers John Henry Iucker and Robert Snyder. Mr. Iucker…

    Launch of Catalio Credit Demonstrates Continued Growth & Evolution of Catalio Platform

    Catalio Capital Management, LP (Catalio), a multi-strategy life sciences investment firm, has today announced the launch of their Credit Opportunities strategy to expand the scope of the firm's investments across the biomedical technology industry and meet the growing demand for non-dilutive growth capital within the sector.

    The Catalio Credit Opportunities strategy seeks to provide senior-secured structured credit to breakthrough biomedical companies, targeting well-capitalized, pre-cashflow businesses with significant support from institutional investors. The strategy will be led by Co-Portfolio Managers John Henry Iucker and Robert Snyder. Mr. Iucker and Mr. Snyder both joined Catalio from Brown Advisory, an asset management firm with over $100B in AUM, where they played an instrumental role in building Brown's credit platform.

    In addition to Mr. Iucker and Mr. Snyder, Joshua Samuelson will be joining the Investment Committee of the Credit Opportunities strategy. Mr. Samuelson was a Co-Founder of PointState Capital, a long/short equity and macro-focused fund. At PointState, Mr. Samuelson served as President and managed a diverse portfolio across multiple asset classes until his retirement at the end of 2019. Prior to his time at PointState, he was a Portfolio Manager at Duquesne Capital Management and Soros Fund Management, where, over the course of his career, he focused on convertible bonds, equities and credit.

    Catalio also announced today the appointment of Brandon Matz as the firm's Head of Marketing & Investor Relations. Mr. Matz is joining Catalio from York Capital Management, a global alternative investment firm with approximately $20B in AUM.

    The launch of the Catalio Credit Opportunities strategy is the latest milestone of many for Catalio, which has grown exponentially since its inception last year. It is now a leading multi-strategy investment firm, with over $450 million in committed capital between both private and public equity strategies.

    George Petrocheilos and Dr. Jacob Vogelstein, Catalio's Co-Founders & Co-Managing Partners said: "We are delighted to welcome John Henry, Rob, Josh and Brandon to Catalio. The life sciences industry continues to offer significant opportunities for investment, and these latest additions to our team will further augment our platform and help our transformative biomedical technology companies to bring their innovations to market.''

    Since inception, Catalio has invested in more than 20 prominent high-growth life science companies including AbCellera (NASDAQ:ABCL), COMPASS Pathways (NASDAQ:CMPS) and Thrive Earlier Detection (recently acquired by EXACT Sciences (NASDAQ: EXAS)). The firm closed its oversubscribed second venture fund, Catalio Nexus II, at its hard cap of $100 million in September 2020 and recently announced the launch of HealthCor Catalio Acquisition Corp. (NASDAQ:HCAQ), a special purpose acquisition company, targeting acquisitions in the healthcare industry.

    About Catalio Capital Management L.P.

    Catalio Capital Management, L.P., is a multi-strategy life sciences investment firm that focuses on breakthrough biomedical technology companies developing the next generation of drugs, devices, diagnostics and data-driven insights. Catalio's General Partnership includes over 25 world-renowned scientists with extensive academic bona fides who have also started several successful companies based on their research. Catalio has offices in New York, Baltimore, and Washington, DC. For more information, visit www.cataliocapital.com.

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  36. London, UK, Jan. 28, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that members of its management team will participate in Canaccord Genuity's New Paradigms and Treatment Approaches in Mental Health Conference. George Goldsmith, Chairman, CEO and Co‑founder, will deliver the opening day keynote at 12:30pm ET on 3 February. 

    An audio webcast of the keynote presentation will be available on the "Events" page of the Investors section of the COMPASS website at https://ir.compasspathways.com/news-events/events. A replay will be available for 30 days following the event.

    -Ends-


    About COMPASS Pathways…

    London, UK, Jan. 28, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that members of its management team will participate in Canaccord Genuity's New Paradigms and Treatment Approaches in Mental Health Conference. George Goldsmith, Chairman, CEO and Co‑founder, will deliver the opening day keynote at 12:30pm ET on 3 February. 

    An audio webcast of the keynote presentation will be available on the "Events" page of the Investors section of the COMPASS website at https://ir.compasspathways.com/news-events/events. A replay will be available for 30 days following the event.

    -Ends-



    About COMPASS Pathways  

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 21 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, US. Our vision is a world of mental wellbeing. www.compasspathways.com  

       

    Contacts:  



    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401-290-7324                                                            

     

     

     

     

     

     

     

     

     

     



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  37. COMPASS Pathways establishes Centre of Excellence with Sheppard Pratt
    to accelerate research and improve patient experience in mental health care

    London, UK – 8 January 2021


    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, is establishing its first Centre of Excellence in collaboration with The Sheppard Pratt Institute for Advanced Diagnostics and Therapeutics in Baltimore, Maryland, United States.     

    The Centre of Excellence will model the "clinic of the future", showcasing the best thinking in science, therapy, technology, and design. Working as a research facility and innovation lab, it will generate evidence to shape

    COMPASS Pathways establishes Centre of Excellence with Sheppard Pratt

    to accelerate research and improve patient experience in mental health care

    London, UK – 8 January 2021



    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, is establishing its first Centre of Excellence in collaboration with The Sheppard Pratt Institute for Advanced Diagnostics and Therapeutics in Baltimore, Maryland, United States.     

    The Centre of Excellence will model the "clinic of the future", showcasing the best thinking in science, therapy, technology, and design. Working as a research facility and innovation lab, it will generate evidence to shape therapy models in mental health care, train and certify therapists, conduct clinical trials including proof-of-concept studies, and prototype digital solutions to improve patient experience. The first wave of research will focus on COMPASS's investigational COMP360 psilocybin therapy, which comprises administration of COMP360 psilocybin with psychological support from specially trained therapists.                 

    Sheppard Pratt is one of the world's leading research institutes in mental health and one of the top psychiatric hospitals in the United States. It is a leader in clinical service delivery, supporting more than 70,000 patients annually in its local community, as well as across 42 states and 19 countries. The Centre of Excellence will be led by Scott Aaronson MD, Director of Clinical Research at Sheppard Pratt, a distinguished fellow of the American Psychiatric Association and a fellow of the American College of Psychiatrists.

    The Centre of Excellence will be built on the Sheppard Pratt Towson campus and will include at least four state-of-the-art psychedelic therapy rooms, as well as facilities for research and training. In addition to a capital investment to support the design and building work, COMPASS will fund research studies into psilocybin therapy and other therapies, led by Dr Aaronson.  

    Dr Aaronson said, "The Centre of Excellence will enable us to carry out new research in the use of psilocybin therapy for a range of mental illnesses, such as depression, obsessive-compulsive disorder and post-traumatic stress disorder, among others. We are already using COMP360 psilocybin in two investigator-initiated studies in psilocybin therapy for severe treatment-resistant depression and for bipolar type II depression. We can see the enormous potential that this therapy could have on the lives of millions of people with mental health conditions around the world."

    Harsh K Trivedi MD, MBA, President and CEO of Sheppard Pratt, said, "We are delighted to collaborate with COMPASS on their first Centre of Excellence. There is a tremendous unmet need to provide access to high-quality mental health care, and forging this relationship allows us to transform the delivery of care on a global scale. With great vision and continued investment, we have the potential to revolutionise mental health care treatment and bring innovative solutions to patients as quickly as possible."

    George Goldsmith, CEO and Co‑founder, COMPASS Pathways plc, said, "We want to transform mental health care, which today is not good enough for far too many people. Sheppard Pratt has a long history of excellence in clinical service delivery and commitment to its community of patients. Our Centres of Excellence, beginning with this centre led by the distinguished team at Sheppard Pratt, will help to accelerate our combined work so that we can bring evidence-based innovation, on a large scale, to the people who need it the most."

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 21 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, USA. Our vision is a world of mental wellbeing. www.compasspathways.com

    About Sheppard Pratt

    Sheppard Pratt is the largest private, non-profit provider of mental health, substance use, developmental disability, special education, and social services in the United States. A nationwide resource, Sheppard Pratt provides services across a comprehensive continuum of care, spanning both hospital and community-based resources. Since its founding in 1853, Sheppard Pratt has been innovating the field through research, best practice implementation, and a focus on improving the quality of mental health care on a global level. Sheppard Pratt has been consistently ranked as a top national psychiatric hospital by US News & World Report for 30 years.

    Forward-looking statements

    This press release includes certain disclosures that contain "forward-looking statements," including, without limitation, statements regarding COMPASS's expectations of its future working relationship with Sheppard Pratt, expectations of plans for and the success of its first Centre of Excellence, and expectations about the efficacy of COMP360. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties related to COMPASS's relationship with Sheppard Pratt, the ability of Sheppard Pratt to undertake or advance its research projects, and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's Prospectus filed with the US Securities and Exchange Commission (SEC) on 21 September 2020 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.

    Availability of other information about COMPASS

    Investors and others should note that COMPASS communicates with its investors and the public using the company website (www.compasspathways.com), the investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that COMPASS posts on these channels and websites could be deemed to be material information. As a result, COMPASS encourages investors, the media, and others interested in COMPASS to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on COMPASS's investor relations website and may include additional social media channels. The contents of COMPASS's website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.

     

    Media enquiries:

    Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Amy Lawrence, amy@compasspathways.com, +44 7813 777919

    Tamara Chumley, tchumley@sheppardpratt.org, +1 410 938 3157



    Investor enquiries:

    Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7324

    COMPASS Pathways establishes Centre of Excellence with Sheppard Pratt

    to accelerate research and improve patient experience in mental health care

    London, UK – 8 January 2020



    COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS"), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, is establishing its first Centre of Excellence in collaboration with The Sheppard Pratt Institute for Advanced Diagnostics and Therapeutics in Baltimore, Maryland, United States.     

    The Centre of Excellence will model the "clinic of the future", showcasing the best thinking in science, therapy, technology, and design. Working as a research facility and innovation lab, it will generate evidence to shape therapy models in mental health care, train and certify therapists, conduct clinical trials including proof-of-concept studies, and prototype digital solutions to improve patient experience. The first wave of research will focus on COMPASS's investigational COMP360 psilocybin therapy, which comprises administration of COMP360 psilocybin with psychological support from specially trained therapists.                 

    Sheppard Pratt is one of the world's leading research institutes in mental health and one of the top psychiatric hospitals in the United States. It is a leader in clinical service delivery, supporting more than 70,000 patients annually in its local community, as well as across 42 states and 19 countries. The Centre of Excellence will be led by Scott Aaronson MD, Director of Clinical Research at Sheppard Pratt, a distinguished fellow of the American Psychiatric Association and a fellow of the American College of Psychiatrists.

    The Centre of Excellence will be built on the Sheppard Pratt Towson campus and will include at least four state-of-the-art psychedelic therapy rooms, as well as facilities for research and training. In addition to a capital investment to support the design and building work, COMPASS will fund research studies into psilocybin therapy and other therapies, led by Dr Aaronson.  

    Dr Aaronson said, "The Centre of Excellence will enable us to carry out new research in the use of psilocybin therapy for a range of mental illnesses, such as depression, obsessive-compulsive disorder and post-traumatic stress disorder, among others. We are already using COMP360 psilocybin in two investigator-initiated studies in psilocybin therapy for severe treatment-resistant depression and for bipolar type II depression. We can see the enormous potential that this therapy could have on the lives of millions of people with mental health conditions around the world."

    Harsh K Trivedi MD, MBA, President and CEO of Sheppard Pratt, said, "We are delighted to collaborate with COMPASS on their first Centre of Excellence. There is a tremendous unmet need to provide access to high-quality mental health care, and forging this relationship allows us to transform the delivery of care on a global scale. With great vision and continued investment, we have the potential to revolutionise mental health care treatment and bring innovative solutions to patients as quickly as possible."

    George Goldsmith, CEO and Co‑founder, COMPASS Pathways plc, said, "We want to transform mental health care, which today is not good enough for far too many people. Sheppard Pratt has a long history of excellence in clinical service delivery and commitment to its community of patients. Our Centres of Excellence, beginning with this centre led by the distinguished team at Sheppard Pratt, will help to accelerate our combined work so that we can bring evidence-based innovation, on a large scale, to the people who need it the most."

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 21 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, USA. Our vision is a world of mental wellbeing. www.compasspathways.com

    About Sheppard Pratt

    Sheppard Pratt is the largest private, non-profit provider of mental health, substance use, developmental disability, special education, and social services in the United States. A nationwide resource, Sheppard Pratt provides services across a comprehensive continuum of care, spanning both hospital and community-based resources. Since its founding in 1853, Sheppard Pratt has been innovating the field through research, best practice implementation, and a focus on improving the quality of mental health care on a global level. Sheppard Pratt has been consistently ranked as a top national psychiatric hospital by US News & World Report for 30 years.

    Forward-looking statements

    This press release includes certain disclosures that contain "forward-looking statements," including, without limitation, statements regarding COMPASS's expectations of its future working relationship with Sheppard Pratt, expectations of plans for and the success of its first Centre of Excellence, and expectations about the efficacy of COMP360. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties related to COMPASS's relationship with Sheppard Pratt, the ability of Sheppard Pratt to undertake or advance its research projects, and those risks and uncertainties described under the heading "Risk Factors" in COMPASS's Prospectus filed with the US Securities and Exchange Commission (SEC) on 21 September 2020 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS's current expectations and speak only as of the date hereof.

    Availability of other information about COMPASS

    Investors and others should note that COMPASS communicates with its investors and the public using the company website (www.compasspathways.com), the investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that COMPASS posts on these channels and websites could be deemed to be material information. As a result, COMPASS encourages investors, the media, and others interested in COMPASS to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on COMPASS's investor relations website and may include additional social media channels. The contents of COMPASS's website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.

     

    Media enquiries:

    Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Amy Lawrence, amy@compasspathways.com, +44 7813 777919

    Tamara Chumley, tchumley@sheppardpratt.org, +1 410 938 3157



    Investor enquiries:

    Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7324

     



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  38. London, UK, Jan. 06, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that members of its management team will participate in two investor conferences during the week of 11 January 2021.  

    George Goldsmith, Chairman, CEO and Co‑founder, and Lars Wilde, President, Chief Business Officer, and Co‑founder, will be participating in a fireside chat available on demand from 11 to 14 January in conjunction with the HC Wainwright BioConnect 2021 Conference.

    George Goldsmith and Lars Wilde will also present a business update and hold a fireside chat at 12:15 pm ET on 14 January at the Westwicke Healthcare…

    London, UK, Jan. 06, 2021 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that members of its management team will participate in two investor conferences during the week of 11 January 2021.  

    George Goldsmith, Chairman, CEO and Co‑founder, and Lars Wilde, President, Chief Business Officer, and Co‑founder, will be participating in a fireside chat available on demand from 11 to 14 January in conjunction with the HC Wainwright BioConnect 2021 Conference.

    George Goldsmith and Lars Wilde will also present a business update and hold a fireside chat at 12:15 pm ET on 14 January at the Westwicke Healthcare Day at the ICR Conference 2021.

    Audio webcasts of the fireside chats will be available on the "Events" page of the Investors section of the COMPASS website at https://ir.compasspathways.com/news-events/events. A replay of events will be available for 30 days following the event.  

    -Ends-

    About COMPASS Pathways

    COMPASS Pathways plc (NASDAQ:CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 21 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, USA. Our vision is a world of mental wellbeing. www.compasspathways.com

    Contacts:

    Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024

    Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401-290-7324



     

     



     



     

     

     



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  39. In the past couple of years, biopharmaceutical firms focused on psychedelic medicines have increased in number. Two weeks ago, UK's first psychedelic investment fund was launched. The fund is committed to psychedelic health care and hopes to invest in psychedelic medicines to treat conditions such as anxiety, addiction and depression. The fund was established by VC […]

    In the past couple of years, biopharmaceutical firms focused on psychedelic medicines have increased in number. Two weeks ago, UK's first psychedelic investment fund was launched. The fund is committed to psychedelic health care and hopes to invest in psychedelic medicines to treat conditions such as anxiety, addiction and depression.

    The fund was established by VC Neo Kuma Ventures…

    In the past couple of years, biopharmaceutical firms focused on psychedelic medicines have increased in number. Two weeks ago, UK's first psychedelic investment fund was launched. The fund is committed to psychedelic health care and hopes to invest in psychedelic medicines to treat conditions such as anxiety, addiction and depression. The fund was established by VC […]

    In the past couple of years, biopharmaceutical firms focused on psychedelic medicines have increased in number. Two weeks ago, UK's first psychedelic investment fund was launched. The fund is committed to psychedelic health care and hopes to invest in psychedelic medicines to treat conditions such as anxiety, addiction and depression.

    The fund was established by VC Neo Kuma Ventures, an organization based in London, which was formed by Nick David, Clara Burtenshaw and Sean McLintock in 2019. In the same year, the founders of Neo Kuma gave their support to ATAI Life Sciences AG, the co-owner of COMPASS Pathways (NASDAQ:CMPS). Based in the UK, Compass Pathways is working on developing medicines made from artificial psilocybin. Psilocybin is a psychoactive component found in magic mushrooms.

    Earlier this year, Compass Pathways became the first psychedelic pharmaceutical firm to issue shares to the public on Nasdaq. The company raised $127 million and is currently trading at a $1.98 billion market cap.

    At the same time, Field Trip Health (CSE:FTRP) (OTC:FTRPF), a psychedelics company based in Toronto, went public on Canada's SE after concluding a reverse takeover of Newton Energy Corp, a gas-and-oil company. This move followed a private placement deal worth CAD$12 million. In addition to  providing ketamine-assisted treatment centers, the company is developing FT104, a new synthetic hallucinogen for mental health conditions.

    A report published earlier this year by Data Bridge Market Research forecasts that the market for psychedelic drugs will grow at about 16% per annum over the next eight years. By 2027, the market's projected worth could total $6.85 billion. Novel therapies such as the esketamine treatment for treatment-resistant depression by Johnson & Johnson and commonly referred to as Spravato have contributed to this growth.

    Neo Kuma correlates with the medicinal marijuana market, referring to research suggesting that the U.S. medical cannabis market has grown to nearly $35 billion in 2020, from a market worth roughly $2 billion six years ago. McLintock explained that the industry for psychedelics is set to grow rapidly as regulators embrace psychedelic drugs and the medicinal benefits that psychedelics possess become more commonly known.

    McLintock added that Europe is the center of the growing psychedelic health-care sector, despite a lot of conversation in the United States surrounding psychedelics. He then stated that the company looked forward to investing in scientifically sound and high-quality psychedelic firms operating in the industry to help advance innovative research.

    Not many firms are positioned to take advantage of the rapidly evolving functional mushroom and psychedelic medicine sectors. However, Canadian-based Pure Extracts Technologies Corp. (CSE:PULL) has for years been active in the extraction of active compounds from cannabis. The company is now deploying those capabilities in the functional mushrooms and psychedelics medicines space before other companies wake up to this huge opportunity.

    NOTE TO INVESTORS: The latest news and updates relating to Pure Extracts Technologies Corp. (CSE:PULL) are available in the company's newsroom at https://ibn.fm/PULL

    About PsychedelicNewsWire

    PsychedelicNewsWire (PNW) is a specialized content distribution company that (1) aggregates and distributes news and information on the latest developments in all aspects and advances of psychedelics and their use, (2) creates PsychedelicNewsBreaks designed to quickly update investors on important industry news, (3) leverages a team of expert editors to enhance press releases for maximum impact, (4) assists companies with the management and optimization of social media across a range of platforms, and (5) delivers unparalleled corporate communication solutions. PNW stays abreast of the latest information and has established a reputation as the go to source for coverage of psychedelics, therapeutics and emerging market opportunities. Our team of seasoned journalists has a proven track record of helping both public and private companies gain traction with a wide audience of investors, consumers, media outlets and the general public by leveraging our expansive dissemination network of more than 5,000 key syndication outlets. PNW is committed to delivering improved visibility and brand recognition to companies operating in the emerging markets of psychedelics.

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    For more information please visit https://www.PsychedelicNewsWire.com

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  40. ATLANTA, Jan. 04, 2021 (GLOBE NEWSWIRE) -- 2020 was a banner year for investors in psychedelic companies as investors in Mind Medicine (MindMed) Inc. (OTCQB:MMEDF), 20/20 Global, Inc. (OTC:TWGL), Compass Pathways (NASDAQ:CMPS), and Numinus Wellness Inc. (OTC:LKYSF) saw their money triple and even quadruple. Psychedelic stocks are in a fast moving sector characterized by companies many analysts would consider speculative and overpriced; however, it is our opinion many psychedelic companies will continue to defy the rules of investing and bulldoze their way to higher prices in 2021. New leaders may emerge, but the reason for this increased interest in psychedelics is improved mental health. We have said it before, and we will say it again, the…

    ATLANTA, Jan. 04, 2021 (GLOBE NEWSWIRE) -- 2020 was a banner year for investors in psychedelic companies as investors in Mind Medicine (MindMed) Inc. (OTCQB:MMEDF), 20/20 Global, Inc. (OTC:TWGL), Compass Pathways (NASDAQ:CMPS), and Numinus Wellness Inc. (OTC:LKYSF) saw their money triple and even quadruple. Psychedelic stocks are in a fast moving sector characterized by companies many analysts would consider speculative and overpriced; however, it is our opinion many psychedelic companies will continue to defy the rules of investing and bulldoze their way to higher prices in 2021. New leaders may emerge, but the reason for this increased interest in psychedelics is improved mental health. We have said it before, and we will say it again, the real money in psychedelics will be made from FDA approved drugs for the treatment of depression and mental health. Depression is a common mental disorder affecting more than 264 million people worldwide. Mental health experts find a strong link between loneliness and depression and drug overdoses. According to national drug abuse data, drug overdoses have increased 42% since Covid-19 reared its ugly head. As a result, mental health disorders are on the rise in every country and could cost the global economy up to $16 trillion annually by 2030. The numbers are staggering, but outweighed by the loss of human lives. Mental health is something every one of us should be talking about.

    In the early 1970s research into psychedelic medicine basically stopped overnight. Governments all over the globe classified psychedelics as illegal on the grounds they were drugs of abuse and had no medical use. But was that the real reason? Many of us are not convinced everyone in government has our best interest in mind on every decision. In the U. S. alone, the Mental Health and Substance Abuse Services industry includes over 17,000 facilities with combined annual revenue of approximately $50 billion. Tack on ancillary services and revenues jump to over $300 billion. The global antidepressants market is expected to grow from $14.3 billion in 2019 to about $28.6 billion in 2020 as mental health issues are expected to surge due to the effects of the Covid-19 pandemic. Even though huge advances in modern medicine have been made since 1970, with the exception of serotonin and norepinephrine reuptake inhibitors in the 1980s and 1990s, the mental health industry has not had major advancements in pharmacological therapies for mood disorders until the FDA approved esketamine in March 2019. Johnson & Johnson developed the ketamine derivative and sell it as a nasal spray called Spravato, used for the treatment of depression.

    With this information on psychedelic medicine in mind, here are four psychedelic stocks that could show huge returns to investors in 2021:

    MindMed (OTCQB:MMEDF) offers the broadest and most diversified pipeline of psychedelic drugs in clinical development and R&D. According to the investor deck on MindMed's website, the Company estimates there is a $100+ billion global total addressable market for psychedelics. MindMed recently announced it would establish a digital medicine division known as Albert to research, develop and build an integrated technical platform and comprehensive toolset aimed at delivering psychedelic inspired medicines and experiential therapies combined with digital therapeutics. Digital therapeutics are evidence-based therapeutic interventions for patients to prevent, manage, or treat a mental disorder or disease.

    MindMed currently has multiple FDA-approved trials going on in multiple jurisdictions and geographies, along with a drug development pipeline based on psychedelic substances including Psilocybin, LSD, MDMA, DMT and an Ibogaine derivative, 18-MC. Bruce Linton, the Founder and Former Chairman and CEO of Canopy Growth Corporation, serves as a member of MindMed's Board of Directors. Kevin O'Leary of Shark Tank fame, aka Mr. Wonderful, invested in MindMed in its $24.2 million funding round before going public on Canada's NEO Exchange. Mr. O'Leary is quoted as saying, "This could save lives, cure depression, help alcoholism, get people off opioids—why wouldn't I want to be invested?" https://mindmed.co

    20/20 Global (OTC:TWGL) is a newcomer to the psychedelic field and is a fully reporting issuer with the US Securities and Exchange Commission. Ehave, another psychedelic company that is in digital therapeutics and developing a ketamine delivery platform called KetaDASH, sold 100% of its Mycotopia Therapies subsidiary to 20/20 Global Inc. for $350,000 while simultaneously acquiring approximately 75.77% of 20/20 Global's outstanding shares from 20/20 Global's management. 20/20 Global and Mycotopia Therapies will focus on the psychedelic space, as a majority owned subsidiary of Ehave. Mycotopia Therapy specializes in evidence-based research by offering a study of an individual's psychotherapy using psychedelic medicines aided by data collection and algorithms developed with the help of psychedelic practitioners. Ehave transferred its 10% interest in PsychedeliTech Inc., which is the owner of the PsyTech conferences, to Mycotopia Therapies. As a subsidiary of 20/20 Global, Mycotopia Therapies will own 10% of PsyTech along with psychedelic tour and travel related businesses. 20/20 Global will be seeking other business opportunities in the psychedelic space including psychedelic retreats and medicinal mushrooms. Shares of 20/20 Global traded from $0.20 to over $2.00 on the news, but have settled around the current level of $0.80.

    Ehave CEO Ben Kaplan was appointed as Chairman and CEO of 20/20 Global. Jamaican investment banker, Mark Croskery, will also serve on the Board of 20/20 to assist with sourcing deal flow from the Caribbean, South America, and Central America, where a plethora of psychedelic deals are on the radar. Ehave said in its press release announcing the transaction it may distribute 20/20 Global shares to its shareholders in the future. With 75.77% of 20/20 Global's shares tied up with one shareholder, this stock could get some legs on any positive news. https://www.mycotopiatherapies.com

    Compass Pathways (NASDAQ:CMPS) is based in the U.K. and has a patented, synthesized investigational psilocybin formulation named COMP360, which is under phase 2 investigation for targeting treatment-resistant depression. Compass Pathways' biggest draw is its patent. It owns the patent for "methods of treating drug-resistant depression with a psilocybin formulation." Compass Pathways is testing a synthetic form of psilocybin as a therapy for treatment-resistant depression. Most of the other companies are testing the organic version of the psychedelic compound that occurs naturally in magic mushrooms.

    Even though Compass Pathways is a development-stage company with only one drug, in our opinion, the stock will be a home run if COMP360 can treat depression. If Compass Pathways gets approval for COMP360, it should be able to protect and commercialize the drug, since the Company should be able to receive up to 7.5 years of intellectual property protection in the U.S. and up to 11 years in the E.U. for COMP360. The Company was funded by investors like PayPal billionaire Peter Thiel and Christian Angermayer, the founder of Apeiron Investment Group. Compass Pathways lost $41.5 million in the first nine months of the year, versus a loss of $12 million in the same period in 2019. Compass had $196.5 million in cash at the end of the third quarter, which is enough to keep the Company afloat until 2023. If the sight of red ink makes your stomach queasy, take a look at Compass Pathways' website and its world class Board of Directors and Scientific Advisory Board might quell your fears. https://compasspathways.com

    Numinus Wellness Inc. (OTC:LKYSF) is a Canadian that has been granted a license by Health Canada to cultivate, extract, and sell "naturally sourced, sustainable psilocybin", otherwise known as hallucinogenic magic mushrooms. According to the Company, it's the only publicly traded company in Canada that is allowed to do so. Numinus Wellness is also the owner of a dealer's license under which it's allowed to "import, export, possess, test and distribute MDMA, psilocybin, psilocin, DMT, and mescaline." Numinus aims to make psychedelic-assisted psychotherapy accessible through a network of health centers that provide safe, controlled, and therapeutic environments in which patients can heal and become well. Numinus offers three pathways for psychedelic-assisted psychotherapy. First, a recent acquisition of Mindspace clinics allows Numinus to offer ketamine-assisted psychotherapy, which can be prescribed to address treatment-resistant depression. Second, Numinus plans to support patients in obtaining Special Access to psychedelic-assisted psychotherapies, pending approval of regulatory change, which will be offered through its clinics in Vancouver and Montreal. Third, Numinus is undertaking two compassionate access clinical trials for psilocybin & MDMA, which will be conducted in its Vancouver clinic.

    Numinus Wellness has been trading high six-figure and low seven-figure dollar volume on a daily basis, so we want to mention it here. While Numinus Wellness appears to have a great business plan and some credible advisors, it does not file audited financials on the U. S. Securities and Exchange Commission's EDGAR System. Numinus Wellness has also not upgraded its OTC Markets profile from its predecessor company, Lucky Strike Resources. https://numinus.ca

    DISCLAIMER: OTC Stock Review (OTCSR), which owns and operates OTCStockReview.com, is a third- party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. OTCSR is NOT affiliated in any manner with any company mentioned herein. OTCSR and its affiliated companies is a news dissemination solutions provider and are not a registered broker/dealer/analyst/adviser. OTCSR holds no investment licenses and may not sell, offer to sell or offer to buy any security. OTCSR's market updates, news alerts and corporate profiles are not a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is never to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. OTCSR is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed OTCSR was compensated one thousand five hundred dollars for news coverage of current press releases issued by 20/20 Global by a non-affiliated third party. OTCSR DOES NOT HOLD SHARES OF ANY COMPANIES NAMED IN THIS RELEASE.

    This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and OTCSR undertakes no obligation to update such statements.

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  41. Psychedelic drugs have shown a lot of potential with regard to managing various mental health conditions. Canaccord Genuity Capital Markets analyst Tania Gonsalves states that more investors are getting into the psychedelic space, which may be worth nearly $100 billion. The psychedelic space is also becoming more mainstream as more and more cities decriminalize psychedelics such as psilocybin. Santa […]

    Psychedelic drugs have shown a lot of potential with regard to managing various mental health conditions. Canaccord Genuity Capital Markets analyst Tania Gonsalves states that more investors are getting into the psychedelic space, which may be worth nearly $100 billion. The psychedelic space is also becoming more mainstream as more and more cities…

    Psychedelic drugs have shown a lot of potential with regard to managing various mental health conditions. Canaccord Genuity Capital Markets analyst Tania Gonsalves states that more investors are getting into the psychedelic space, which may be worth nearly $100 billion. The psychedelic space is also becoming more mainstream as more and more cities decriminalize psychedelics such as psilocybin. Santa […]

    Psychedelic drugs have shown a lot of potential with regard to managing various mental health conditions. Canaccord Genuity Capital Markets analyst Tania Gonsalves states that more investors are getting into the psychedelic space, which may be worth nearly $100 billion. The psychedelic space is also becoming more mainstream as more and more cities decriminalize psychedelics such as psilocybin. Santa Cruz, Denver and Oakland legalized psilocybin use with the state of Oregon becoming the first state in the United States to legalize the use of psilocybin in a therapeutic setting.

    Top psychedelic firms to watch include New Wave Holdings Corp. (CSE:SPOR) (OTC:TRMND) (FWB: 0XM2), COMPASS Pathways Plc (NASDAQ:CMPS), Numinus Wellness Inc. (OTC:LKYSF) (NEO: NUMI) (TSX.V: NUMI), Mydecine Innovations Group Inc. (CSE:MYCO) (OTC:MYCOF) and Mind Medicine Inc. (OTC:MMEDF) (NEO: MMED).

    Numinus Wellness is a firm focused on developing health solutions that support evidence-based, accessible and safe use of psychedelic-assisted therapies. The company recently announced its acquisition of Mindspace Psychology Services Inc. This acquisition joins two organizations that are both working towards developing and delivering evidence-based, psychedelic-assisted psychotherapy.

    Numinus' medical director Devon Christie, MD, stated that the acquisition would provide a strong partnership for both firms. Both firms have homogenous values and compatible strengths, which made the addition of Mindspace to Numinus a strong cultural and corporate fit.

    The managing partner and founder of Mindspace, Joe Flanders, explained that the acquisition was a good opportunity for Mindspace to work jointly with a partner that shared the firm's values and vision.

    Numinus CEO Payton Nyquvest stated that the company was excited to be working with Mindspace, adding that this partnership would propel them forward in their global expansion plan of virtual therapy and clinics that generate revenue.

    Mindspace will continue its operations but under the brand Mindspace by Numinus, with Flanders still at the helm. However, Mindspace corporate practices are not included in this arrangement. The company will continue offering these services under a different brand, which is to be announced soon.

    Apart from the progress made with Mindspace and Numinus, New Wave Holdings Corp reported that it had entered into a partnership with the University of West Indies, Jamaica, to carry out drug discovery and underline the knowledge of medicinal plants in the aforementioned country.

    Mydecine Innovations Group Inc. also reported that it had finalized its first commercial harvest of psilocybin mushrooms weighing 20 kilograms at its cultivation and research facility in Jamaica. The firm is now working on exporting its harvest to its facility in Canada that has a Schedule 1 dealer's license from Health Canada, which allows it to legally import the psychedelic mushrooms. Could this be the beginning of a major boom in this market?

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  42. ATLANTA, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Santa Claus came early this year as shares in psychedelic companies like Mind Medicine (MindMed) Inc. (OTCQB:MMEDF), Ehave, Inc. (OTC:EHVVF), Compass Pathways (NASDAQ:CMPS), and HAVN Life Sciences (OTC:HAVLF) gave investors double and triple digit percentage returns over the past few months. In our opinion, the longer-term trend still remains higher and it looks like shares of the leading psychedelic stocks are consolidating at this point in time after having had a very nice move. Additionally, many money managers are the most bullish on the market that they have been in some time. One of the main factors driving bullish sentiment in the intermediate term is the Covid-19 vaccines, which could allow…

    ATLANTA, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Santa Claus came early this year as shares in psychedelic companies like Mind Medicine (MindMed) Inc. (OTCQB:MMEDF), Ehave, Inc. (OTC:EHVVF), Compass Pathways (NASDAQ:CMPS), and HAVN Life Sciences (OTC:HAVLF) gave investors double and triple digit percentage returns over the past few months. In our opinion, the longer-term trend still remains higher and it looks like shares of the leading psychedelic stocks are consolidating at this point in time after having had a very nice move. Additionally, many money managers are the most bullish on the market that they have been in some time. One of the main factors driving bullish sentiment in the intermediate term is the Covid-19 vaccines, which could allow the world to return to normal in 2021. As far as psychedelic stocks are concerned, most U.S. large-cap and technology stocks have growth targets priced into valuations that leave little room for shortfalls. U.S. small cap stocks, which include the leading psychedelic plays, could have more upside than large cap stocks.

    If we look at the chart pattern on any of the leading psychedelic stocks, we should see a nice series of higher highs and higher lows. The reason for this increased interest in psychedelics is improved mental health. More than 264 million people worldwide suffer from depression and mental health disorders are on the rise in every country in the world. Mental health is something every one of us should be talking about. Since serotonin and norepinephrine reuptake inhibitors came to market in the 1980s and 1990s, we have not seen a lot of life changing new pharmacological therapies for mood disorders, until the FDA approved esketamine in March 2019. Esketamine is related to the drug ketamine. Johnson & Johnson developed the ketamine derivative and sell it as a nasal spray called Spravato. Esketamine targets treatment-resistant depression, a form of depression that doesn't get better even after the patient has tried at least two antidepressant therapies. Most important, esketamine represents the first psychedelic treatment approved by the FDA for a psychiatric condition.

    MindMed (OTCQB:MMEDF) recently announced the successful completion of a pre-IND (Investigational New Drug) meeting with the U.S. Food and Drug Administration (FDA) regarding the development of lysergic acid diethylamide (LSD) assisted therapy for an anxiety disorder. MindMed said in a press release the successful completion of this engagement with the FDA was an important milestone for the company and provides regulatory clarity and confidence as MindMed advances its lead clinical development program in the U.S. MindMed intends to open the IND with the FDA in August 2021, with a Phase 2b clinical trial evaluating experiential doses of LSD in an anxiety disorder.

    In the same press release MindMed said preliminary data has been analyzed for its addiction treatment program evaluating the ibogaine derivative 18-MC, which the company named Project Layla. The preliminary data from the Phase 1 Multiple Ascending Dose (MAD) and Single Ascending Dose (SAD) study has shown that the drug is safe and well tolerated at the doses tested to date, and no Serious Adverse Events (SAEs) have been reported. The press release also said that based on the excellent safety profile observed to date, MindMed's clinical team and 18-MC's Medical Director, Dr. Judy Ashworth, have decided to continue dose escalation in the study to gather higher dosing data. Once that additional data has been reviewed, MindMed will directly thereafter initiate the Phase 2a proof of concept study. A meeting with the FDA has been confirmed to continue discussions regarding the 18-MC clinical development plan. www.mindmed.co

    Ehave, Inc. (OTC:EHVVF) could be launching the Uber Eats or DoorDash of Intravenous based home Ketamine delivery with its KetaDASH subsidiary www.ketadash.com. Ehave announced the acquisition of IV delivery platform CureDash www.curedash.com last week, which will become the backbone of KetaDASH. KetaDASH will provide the software, staffing, protocols, and equipment for medical practitioners to administer Ketamine intravenously to patients at home. Ehave has designed a smart and intuitive dashboard for KetaDASH from where both clients and associated nurses can get detailed insight on how the Ketamine therapy is working. KetaDASH will allow patients who are prescribed Ketamine to receive required treatments in the safety and comfort of their homes major depressive disorder, bipolar disorder, and post-traumatic stress disorder. KetaDASH also provides Ehave the opportunity to build a revenue producing platform.

    Ehave provides evidence-based therapeutic interventions through its Dashboard that can be used by clinicians and researchers to manage data during psychedelic research and trials. Based on BlockChain, the Ehave Dashboard is a cloud-based, data-driven platform that can deliver seamless integration of electronic health records (EHRs) to medical professionals, telehealth providers, psychedelic researchers and clinicians. Developed through years of testing with mental healthcare professionals at one of Canada's largest hospitals, The Ehave Dashboard is both HIPAA and GDPR compliant and keeps data on chain and safe in the cloud. By utilizing BlockChain technology Ehave can offer its medical partners an opportunity to lower their administration costs by up to 90%. Ehave plans to use its Dashboard and digital technologies to build an ecosystem that will assist psychedelic medicine companies change the way mental health is treated. In our opinion, Ehave's dashboard could be compared to MindMed's Albert division, which was formed to help research and develop an integrated platform for delivering psychedelic medicines, experiential therapies, as well as digital therapeutics.

    Also last week, Ehave CEO Ben Kaplan issued a letter to shareholders. The letter said, "From a corporate standpoint, we are a fully reporting company with the SEC. We have applied for OTCQB registration and anticipate filing with the Canadian Securities Exchange by the end of the year." In January, 2020 Ehave purchased a 10 percent stake in Psychedelitech, Inc. through the Mycotopia Therapy subsidiary. Psychedelitech is the parent company of PsyTech, the world's most recognized psychedelic conference. As a result of a recent financial transaction, Psychedelitech is valued at $15 million, making Ehave's investment worth $1.5 million. https://www.ehave.com

    Compass Pathways (NASDAQ:CMPS) is testing a synthetic form of psilocybin as a therapy for treatment-resistant depression. Most of the other companies are testing the organic version of the psychedelic compound that occurs naturally in magic mushrooms, aka shrooms. The way Psilocybin works is it binds to the serotonin receptors in the brain that regulate an individual's mood, sleep, and appetite. Compass Pathways is emerging as one of the leaders in psychedelic medicine, since its synthetic psilocybin, COMP360, was granted breakthrough therapy status in 2018 by the FDA. The company is currently testing COMP360 in a phase 2b clinical trial.

    Compass Pathways has only been public a few months, but it is backed by investors like PayPal billionaire Peter Thiel and Christian Angermayer, the founder of Apeiron Investment Group. Atai Life Sciences, a company that backs Compass Pathways and other psychedelic drug developers recently closed a $125 million funding round, which was another fist bump for the industry that more investors believe has the potential for mental-health breakthroughs. This was actually more than the $80 million raised by Compass, as well as the $30 million raised by nonprofit groups the Multidisciplinary Association for Psychedelic Studies and the Psychedelic Science Funders Collaborative. Atai is Compass Pathways' biggest shareholder. https://compasspathways.com

    Havn Life Sciences (OTC:HAVLF) is a Canadian biotechnology company pursuing standardized extraction of psychoactive compounds, the development of natural healthcare products, and innovative mental health treatment to support brain health and enhance the capabilities of the mind. Havn Life recently announced the first preclinical study to focus on the effects of psilocybin on the immune system, in partnership with Dr. Geoffrey Bove, Dr. David Mokler and Susan Chapelle, eMBA. The Company's science division, Havn Research, is undertaking a study to determine if a single dose of psilocybin extract can impact the body's inflammatory response and regulate the human immune system. The Havn Life team will begin this preclinical study in Q1 2021. This study is the first step required to file an application for the development of psilocybin delivery methods that could address inflammatory and immune diseases such as arthritis.

    As we have said previously, Havn Life Sciences is another psychedelic stock with seasoned management. Executive Chairman Vic Neufeld was the CEO of Aphria for 5 years from 2014 to 2019. Prior to Aphria he served as CEO at Jamieson Laboratories, which is one of Canada's largest manufacturers and distributors of natural vitamins, food supplements, herbs, and botanical medicines. Under his leadership Jamieson Laboratories went from $20 million in annual sales to over $250 million and expanded its distribution network to more than 40 countries. Chief Executive Officer Tim Moore was the former CEO of Green Growth Brands, from IPO through to Jan 2019, leading the Company to $1 Billion market cap. Gary Leong, Chief Scientific Officer, was formerly Chief Scientific Officer at Aphria Inc. where he established and oversaw the Quality Assurance, Quality Control, Regulatory Affairs & Research and Development functions. https://havnlife.com

    DISCLAIMER: OTC Stock Review (OTCSR), which owns and operates OTCStockReview.com, is a third- party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. OTCSR is NOT affiliated in any manner with any company mentioned herein. OTCSR and its affiliated companies is a news dissemination solutions provider and are not a registered broker/dealer/analyst/adviser. OTCSR holds no investment licenses and may not sell, offer to sell or offer to buy any security. OTCSR's market updates, news alerts and corporate profiles are not a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is never to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. OTCSR is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed OTCSR was compensated one thousand five hundred dollars for news coverage of current press releases issued by Ehave, Inc. by a non-affiliated third party. AN AFFILIATE OF OTCSR HOLDS SHARES OF EHAVE, INC. AND MINDMEDICINE, INC., BUT NOT IN THE OTHER COMPANIES NAMED IN THIS RELEASE. ALL SHARES WERE PURCHASED IN THE OPEN MARKET.

    This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and OTCSR undertakes no obligation to update such statements.

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  43. ATLANTA, Dec. 08, 2020 (GLOBE NEWSWIRE) -- One day we are all going to look back at psychedelic stocks and realize the Grateful Dead was right. What a long strange trip it's been! Psychedelic stocks came into play after Forbes ran an article about Johns Hopkins University announcing a $17 million commitment for its Center for Psychedelic and Consciousness Research. Next up was about a year and a half ago when Johnson & Johnson's ketamine-derived nasal spray Spravato, which was the first materially new depression treatment in decades, was approved by the FDA. Since then, money has poured into psychedelic research and an entire new industry was created in the stock market. Even though it is now legal to take psychedelics in Oregon and parts…

    ATLANTA, Dec. 08, 2020 (GLOBE NEWSWIRE) -- One day we are all going to look back at psychedelic stocks and realize the Grateful Dead was right. What a long strange trip it's been! Psychedelic stocks came into play after Forbes ran an article about Johns Hopkins University announcing a $17 million commitment for its Center for Psychedelic and Consciousness Research. Next up was about a year and a half ago when Johnson & Johnson's ketamine-derived nasal spray Spravato, which was the first materially new depression treatment in decades, was approved by the FDA. Since then, money has poured into psychedelic research and an entire new industry was created in the stock market. Even though it is now legal to take psychedelics in Oregon and parts of Canada the recreational market is not where the big money will be made. The real money in psychedelics will be made from FDA approved drugs for the treatment of depression and mental health. Depression is a common mental disorder affecting more than 264 million people worldwide. Mental health disorders are on the rise in every country in the world and could cost the global economy up to $16 trillion annually by 2030.1 Mental health is something every one of us should be talking about.

    Investor interest in psychedelics for mental health is snowballing as many big-name executives and celebrities are investing in the sector's future. Industry analysts believe the psychedelic sector could bring in over $6.85 billion by 20272 and that number does not take into consideration a blockbuster drug being approved that will make life easier for those 264 million people suffering from depression! We have seen some well-funded leaders emerge, but there are also some lesser known names with tremendous potential. Shark Tank's Kevin O'Leary, former Canopy Growth CEO Bruce Linton, and PayPal billionaire Peter Thiel have all made significant investments in companies doing psychedelic research. Companies like Mind Medicine (MindMed) Inc. (OTCQB:MMEDF), Ehave, Inc. (OTC:EHVVF), Compass Pathways (NASDAQ:CMPS), and HAVN Life Sciences (OTC:HAVLF) have the potential to show big returns to patient investors.

    Mind Medicine (MindMed) Inc. is one of the names that comes up first in discussions about psychedelic research. The Company was backed by Shark Tank's Kevin O'Leary, aka Mr. Wonderful, who made a strategic investment in MindMed in its $24.2 million funding round before going public on Canada's NEO Exchange. MindMed recently completed a Phase 1 LSD study in partnership with University Hospital Basel's Liechti Lab in Switzerland. Now MindMed's research scientists are preparing for Phase 2b of Project Lucy, which intends to evaluate the efficacy of LSD-assisted therapy for anxiety disorders and other medical conditions. The Phase 1 study used a double-blind, randomized, placebo-controlled, crossover design in 16 healthy participants to measure LSD dose-dependently induced subjective responses starting at microdoses (25 ug) up to experiential doses (200 ug).

    MindMed currently has multiple FDA-approved trials going on in multiple jurisdictions and geographies. The MindMed executive team brings extensive biopharmaceutical experience to the table and seems to be assembling a compelling drug development pipeline of innovative treatments based on psychedelic substances including Psilocybin, LSD, MDMA, DMT and an Ibogaine derivative, 18-MC. www.mindmed.co

    Ehave, Inc. is in the business of delivering evidence-based therapeutic interventions to patients. The Company also has a Dashboard that can be used by clinicians and researchers to manage data during psychedelic research and trials. The Ehave Dashboard is a data driven platform that has been strategically developed to provide better communication among medical practitioners and health care providers. The cloud based platform can deliver critical features and capabilities to healthcare providers, all while enabling seamless integrations with everything from electronic health records (EHRs) to telehealth providers to psychedelic researchers and clinicians. The Ehave Dashboard has been developed through years of testing with mental healthcare professionals at one of Canada's largest hospitals, The Hospital for Sick Children (SickKids) in Ontario. The Ehave Dashboard is a BlockChain based, HIPAA and GDPR compliant global data platform that keeps data on chain and safe in the cloud. Ehave recently announced it would be providing blockchain based identity verification software as a plug-in on its Dashboard. Federal regulations requires all patient information must be kept secure, even during FDA trials.

    Ehave plans to use its Dashboard and digital technologies to assist psychedelic medicine companies in the creation of the new paradigm in how mental health is treated. This aspect of the business is so important that MindMed recently started a division known as Albert to help research and develop an integrated platform for delivering psychedelic medicines, experiential therapies, as well as digital therapeutics. Ehave plans to target patients, doctors, and researchers to help them quickly authenticate or release personal, verified data and give more control in situations where trust cannot be compromised. Utilizing the blockchain technology Ehave can offer its medical partners an opportunity to lower their administration costs by up to 90%. Ehave also owns 10% of the company that produces the PsyTech Psychedelic Industry Virtual lnvestor Conferences and recently announced plans to utilize its mental health informatics platform to offer psychedelic retreats through its wholly owned subsidiary, Mycotopia Therapy.

    U.K.-based Compass Pathways raised $146 million with its initial public offering on Sept. 18, 2020. The deal was priced at $17, but on the first day of trading it opened at $23.40 and closed at $29. Compass Pathways is testing a synthetic form of psilocybin as a therapy for treatment-resistant depression. Most of the other companies are testing the organic version of the psychedelic compound that occurs naturally in magic mushrooms, aka shrooms. The way Psilocybin works is it binds to the serotonin receptors in the brain that regulate an individual's mood, sleep, and appetite. Compass Pathways is emerging as one of the leaders in psychedelic medicine, since its synthetic psilocybin, COMP360, was granted breakthrough therapy status in 2018 by the FDA. The company is currently testing COMP360 in a phase 2b clinical trial.

    Compass Pathways came public a few months ago and went straight to a $1 billion market cap. Before the Company came public it was funded by investors like PayPal billionaire Peter Thiel and Christian Angermayer, the founder of Apeiron Investment Group. That being said, Compass Pathways lost $41.5 million in the first nine months of the year, versus a loss of $12 million in the same period in 2019. Compass had $196.5 million in cash at the end of the third quarter, which is enough to keep the Company afloat until 2023. If the sight of red ink makes your stomach queasy, take a look at Compass Pathways' website and its world class Board of Directors and Scientific Advisory Board might quell your fears. https://compasspathways.com

    Havn Life Sciences is a Canadian biotechnology company pursuing standardized extraction of psychoactive compounds, the development of natural healthcare products, and innovative mental health treatment to support brain health and enhance the capabilities of the mind. According to its website, Havn Life is a part of a global community taking an active part in supporting research for microdosing therapies in treating mental health disorders utilizing psychedelics. Working with Veterans and thought leaders in the military, Havn Life is developing innovative formulations to support clinical trials addressing PTSD recovery and other trauma related disorders.

    Havn Life Sciences is another psychedelic stock with rockstar management, since Executive Chairman Vic Neufeld was the CEO of Aphria for 5 years from 2014 to 2019. Under Mr. Neufeld's leadership Ahria's market cap increased significantly. Prior to Aphria he served as CEO at Jamieson Laboratories, which is one of Canada's largest manufacturers and distributors of natural vitamins, food supplements, herbs, and botanical medicines. Under his leadership Jamieson Laboratories went from $20 million in annual sales to over $250 million and expanded its distribution network to more than 40 countries. Havn recently announced a partnership with Westwood Institute, a veteran's mental health non-profit, to develop a therapy using psychedelics for veterans. https://havnlife.com

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    1 https://www.psychiatrictimes.com/view/mental-illness-will-cost-world-16-usd-trillion-2030

    2 https://www.openpr.com/news/2068844/psychedelic-drugs-market-2020-to-grow-at-16-3-cagr-by-2027



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