Cybin Inc. (NEO:CYBN) (NYSE:CYBE) announced that, through its wholly-owned subsidiary Cybin IRL Limited, It has entered into an agreement to acquire a Phase 1 N,N-dimethyltryptamine (“DMT”) study from Entheon Biomedical Corp. (CSE:ENBI) (OTCQB:ENTBF) to accelerate the clinical development path for CYB004, Cybin’s proprietary deuterated DMT molecule for the potential treatment of anxiety disorders.
Both companies confirmed that they will be working together in the phase 1 study addressed at testing the effects of DMT in healthy smokers. Originally named the EBRX-101 study, Cybin’s acquisition changed it to CYB004-E, as it will use the novel CYB004 compound on the 50 volunteers studied.
