The World of Mental Health Will Never Be the Same
Take a look at those prices… and then imagine if this was all over a stock that is, as of writing, sitting at about $2. Can you imagine what it would be like to get in on this before the rest of the world catches on?
But what exactly IS this stock? Read on to get the latest scoop.
The Revolution in Mental Health
The COVID-19 pandemic is what we in the investing world would call a transformative event. It made everyone stop and take stalk of what they took for granted – especially in the field of health. In particular, the world has had to take a stark look at the state of mental health care, given all the additional stress. It’s clear that previous methods of handling depression aren’t going to cut it.
This is the reason you see many companies trying to make their forays into the mental health space. There is a huge need here that requires innovation and creativity to address. Only the best of the best can hope to succeed here – and Cybin is a name that you should be watching, existing on the cutting edge of psychedelic biotech.
Classifying the scope of mental health issues can be tricky, as many overlap. This can make this field of mental health and their treatments sometimes difficult for innovators and investors to get a good “reading on”.
At any given time, roughly 300M individuals in the world are suffering from Major Depressive Disorder, making it a severe health concern across the globe. In 2017 it was estimated that 7% of American adults had an episode of Major Depressive Disorder. Beyond MDD there are countless people worldwide suffering from mental health concerns such as Alcohol Use Disorder and Anxiety.
These are certainly imposing problems, but there are equally innovative solutions being created to address them. Cybin is working with psychedelics such as psilocybin and developing ways to use them to combat conditions such as MDD. While psilocybin has long been known to have beneficial effects against depression, its exact mechanics were hard to pin down. Cybin has isolated the effects of psilocybin on helpful mood-boosting chemicals such as serotonin and dopamine, creating the synthetic CYB001. This is a variation of psilocybin without the side effects, designed to maintain the mind in a state of equilibrium during the healing process.
Not only is NSYE: CYBN developing treatments for MDD, but it’s also isolating related tryptamine-based substances (CYB003 and CYB004) for the treatment of Alcohol Use Disorder and Anxiety. This is just the tip of the iceberg of [potentially transformative new treatments Cybin is developing for the mental healthcare industry.
A major hurdle was recently crossed when Cybin was granted approval for Phase II clinical trials of CYB001 at the University of the West Indies in Jamaica. At this very moment, Cybin is planning a major clinical study that could revolutionize mental healthcare and bring forward a momentous shift in psychedelic treatments.
The Cybin Team
When innovation is being driven forward this fast, it’s comforting to find an outstanding leadership team in charge. Cybin far and away exceeds all expectations when it comes down to high-quality management. Cybin’s leadership team is proven, capable, and has the pedigree of greatness. It’s a combination of innovative science and corporate titans they have recruited to join in this quest for change that makes this story so compelling.
CEO Dough Drysdale was the former head of M& A at Actavis – where he managed fundraising totally $3 Billion. Actavis is just one of his accomplishments. In his 30 years in the healthcare sector, he’s turned around three pharmaceutical companies and completed 15 corporate acquisitions.
Meanwhile, Chief Clinical Officer Alex Belser Ph. D. is a psychedelic researcher at Yale University in psilocybin clinical trials. He has over two decades of experience in the field and has been featured in the New York Times, the Atlantic, the New Yorker, The Guardian, VICE, and in Michael Pollan’s book, How to Change Your Mind.
Cybin has even added a former FDA Psychiatry Division Director to its board, in the person of Dr. Thomas Laughren. For 29 years it was Luaghren’s job to approve all psychiatric drug developments and won numerous awards for his regulatory accomplishments. When it comes to drug quality and safety, there is no one more qualified.
The Analyst’s Dream
Right now the Analysts are all over Cybin, and it’s not hard to see why. The use of psychedelics to treat severe mental illness has always been a popular idea to throw around. But Cybin is, right now, undergoing the trials to make it a reality. And the Analysts have listened. Remember those analyst price targets?
It’s not just the analysts who are getting excited. Many major figures in the investing world are showing their interested – including Kevin O’Leary of Shark Tank fame.
To many, O’Leary’s involvement seems shocking, considering that he’s constantly warned off investors from similar medical drug investment deals, particularly in cannabis. However, when it comes to the psychedelics wave, he’s making it clear that he trusts it’s clear sailing ahead – and he’s getting on that boat early.
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