Compass's Psychedelic Drug Achieves Key Phase 3 Success in Depression Treatment

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Source: Yahoo Finance
Compass's Psychedelic Drug Achieves Key Phase 3 Success in Depression Treatment
Photo: Yahoo Finance
TL;DR Summary

Compass Pathways' psilocybin drug for treatment-resistant depression met its primary goal by reducing symptoms, but fell short of investor expectations, leading to a significant drop in stock price. The trial showed a modest 3.6-point improvement, with sustained benefits observed six weeks after a single dose, highlighting potential in psychedelic therapy for mental health treatment.

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