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Compass Antidepression Psychedelic Still On Course Despite Delays

 
• By Kevin Grogan

The company, now the most advanced clinically in the psychedelic space after the rejection of Lykos's MDMA-based post-traumatic stress disorder drug, is cutting its workforce by a third and narrowing its research focus after shifting the timeline for its late-stage depression candidate.

• Source: Shutterstock

Advocates for psychedelics have cast a concerned glance at the news that the leader in the field, Compass Pathways, has again pushed back pivotal data readouts for its treatment-resistant depression (TRD) candidate and announced plans to slash its staff by 30%.

Shares in London, UK-headquartered Compass, which is listed on the NASDAQ and has offices in New York and San Francisco,...

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