COMPASS Pathways announced the finalization of its Phase 3 pivotal program design and progress in clinical trials, including the publication of Phase 2b trial data in The New England Journal of Medicine. The company's cash position at the end of the quarter was $173.1 million. The net loss for the quarter was $18.4 million, or $0.43 loss per share.
Phase 3 pivotal program design finalized and on track to start in 2022; several clinical sites have been initiated
Phase 2b trial data published in The New England Journal of Medicine
Cash position at 30 September 2022 of $173.1 million
Phase 3 program on track to commence in 2022
The COMP360 Phase 3 pivotal program in treatment-resistant depression is designed to generate the evidence required for regulatory approval and to ensure commercial success through integration into healthcare systems. The company is on track to start the Phase 3 program this year and is making steady progress toward establishing the full global footprint for this program, which includes actively initiating new sites and training therapists.
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