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. UK biotech Compass Pathways is planning a $100 million US IPO as it seeks to further develop its depression treatment based on psilocybin – an … The ADSs … Cut through the shroom stock noise with exclusive news, interviews, data and private financing opportunities. 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Despite having an IPO just three months ago, Compass Pathways (NASDAQ:CMPS) is already up a staggering 224% from its IPO price of $17. Explore the Psychedelic Sector Landscape visually using our new tool. Looking to invest in psychedelics? About COMPASS PathwaysCOMPASS Pathways plc (Nasdaq: CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. The term “Prospectus Regulation” means Regulation (EU) 2017/1129. Compass Pathways PLC raised about $146.6 million in gross proceeds via its IPO on the Nasdaq Global Select Market.. Compass Pathways, a UK startup focused. All ADSs sold in the offering were offered by COMPASS. 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. The total gross proceeds to COMPASS from the offering were $146.6 million. But that IPO was also a catalyst for the entire sector. It appears that some authenticity and validation might be coming to the psychedelics space. George Budwell (TMFGBudwell) Sep 21, … Compass Pathways has closed its IPO financing, raising $146.6 million via the sale of 8,625,000 American Depository Shares. Psilocybin Alpha © 2021, All Rights Reserved. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. British Phase 2 biotech developing a psilocybin-based therapy for depression. After months of sideways trading (on low volume), most psychedelic stocks have exploded higher since September. No spam, just valuable information. 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. 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August 2020 of more than $ 64 million company was formerly known as COMPASS Limited! Dedicated to accelerating patient access to evidence-based innovation in mental health challenges and who are with... Based on an initial share price of $ 17.00 Regulation ” means Regulation ( EU 2017/1129...
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