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As the Focus on Psychedelic Stocks Increases, So Do the Valuations
The only companies that have Phase 2 clinical trials now are Compass Pathways, Mind Medicine, Cybin, and Mydecine Innovations.
With so many new IPOs and companies launching in the psychedelic industry it s important to fully evaluate the major factors of success or failure in the industry. There are various steps that companies take to have a drug approved and to successfully complete them it takes years and tens of millions of dollars. The further ahead a company moves in the approval process, the more valuable the company becomes, and that is why there is so much excitement for Compass Pathways (CMPS) . Institutional and retail investors are in a frenzy to get a position. The company is in Phase 2b and has received a Breakthrough Therapy designation from the FDA, meaning that their therapy has the potential to be more effective than available medications. ....

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