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Benzinga
Benzinga
Business
Lara Goldstein

Compass Pathways Will Lead Two Concurrent Phase 3 Trials On Psilocybin-Assisted Therapy For Depression

Compass Compass Pathways Depression CMPS Nasdaq FDA

Psychedelics biotech company Compass Pathways (NASDAQ:CMPS) announced it will conduct two separate Phase 3 clinical trials to study psilocybin-assisted therapy on Treatment-Resistant Depression (TRD), reported Microdose. 

Assuming positive results, Compass will work with the FDA to help legalize psilocybin for TRD treatment, possibly as early as 2025.

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