Cybin Inc. (CYBN) Bundle
An Overview of Cybin Inc. (CYBN)
General Summary of Cybin Inc. (CYBN)
Cybin Inc. is a life sciences company focused on developing psychedelic therapeutics. Founded in 2019, the company specializes in developing innovative mental health treatments utilizing psychedelic molecules.
| Company Detail | Specific Information |
|---|---|
| Headquarters | Toronto, Canada |
| Stock Exchange Listing | NASDAQ: CYBN |
| Year Founded | 2019 |
Key Product Portfolio
- CYB001: Deuterated psilocybin therapeutic
- CYB003: Sublingual ketamine-based treatment
- CYB005: Novel deuterated DMT formulation
Financial Performance 2023
| Financial Metric | Amount |
|---|---|
| Total Revenue | $4.2 million |
| Research & Development Expenses | $18.3 million |
| Net Loss | $22.5 million |
Industry Leadership Indicators
Cybin Inc. has positioned itself as a pioneer in psychedelic therapeutics, with multiple clinical-stage drug candidates targeting mental health disorders.
- 3 active clinical trials in 2024
- 10+ proprietary molecular compounds
- Strategic partnerships with leading research institutions
Current Market Standing
| Market Indicator | Statistic |
|---|---|
| Market Capitalization | $95.6 million |
| Institutional Ownership | 22.4% |
| Current Stock Price | $0.47 USD |
Mission Statement of Cybin Inc. (CYBN)
Mission Statement of Cybin Inc. (CYBN)
Cybin Inc. mission statement focuses on advancing psychedelic therapeutics through innovative research, development, and clinical trials targeting mental health conditions.
Core Mission Components
| Component | Specific Focus | Quantitative Metrics |
|---|---|---|
| Psychedelic Therapeutics Research | Neurological & Mental Health Treatments | 7 active clinical trials as of Q4 2023 |
| Drug Development | Proprietary Psychedelic Molecules | 3 lead drug candidates in development |
| Clinical Innovation | Mental Health Solutions | $24.3 million R&D investment in 2023 |
Research & Development Strategy
- Focus on psilocybin-based therapeutic interventions
- Develop proprietary drug delivery technologies
- Target treatment-resistant depression
- Explore potential applications in anxiety disorders
Clinical Pipeline Metrics
| Program | Phase | Target Condition |
|---|---|---|
| CYB001 | Phase 2 | Major Depressive Disorder |
| CYB002 | Preclinical | Anxiety Disorders |
Financial Investment in Mission
Cybin allocated $24.3 million towards research and development in 2023, representing 68% of total operational expenditure.
Key Research Partnerships
- University of Toronto neuropsychiatry research collaboration
- Johns Hopkins Center for Psychedelic Research partnership
- Imperial College London neuroscience research alliance
Vision Statement of Cybin Inc. (CYBN)
Vision Statement of Cybin Inc. (CYBN) in 2024
Global Mental Health Innovation LeadershipCybin Inc. focuses on developing innovative psychedelic therapeutics targeting mental health disorders. As of Q4 2023, the company's research pipeline concentrates on:
- Major depressive disorder
- Anxiety disorders
- Substance use disorders
| Category | Measurement | 2024 Status |
|---|---|---|
| Clinical Trials | Active Trials | 3 Phase 2 trials |
| Research Investment | Annual R&D Budget | $12.4 million |
| Patent Portfolio | Registered Patents | 17 unique molecular compounds |
Cybin's proprietary drug delivery technologies include:
- CYB001 sublingual film technology
- Neuroplasticity-focused molecular modifications
- Advanced pharmacokinetic optimization
Cybin's vision encompasses developing breakthrough therapeutics with:
- Reduced side effects
- Improved patient outcomes
- Innovative molecular engineering
| Financial Metric | 2024 Value |
|---|---|
| Market Capitalization | $124.6 million |
| Cash Reserves | $38.2 million |
| Research Expenditure | $14.7 million |
Core Values of Cybin Inc. (CYBN)
Core Values of Cybin Inc. (CYBN) in 2024
Innovation and Scientific Excellence
As of Q1 2024, Cybin Inc. invested $8.3 million in research and development.
| R&D Investment | Percentage of Revenue |
|---|---|
| $8.3 million | 22.7% of total revenue |
- Developed 3 novel psychedelic-based therapeutic compounds
- Filed 7 new patent applications in neurotherapeutics
Patient-Centered Approach
Clinical trial participation metrics for 2024:
| Clinical Trial | Number of Participants |
|---|---|
| Depression Study | 247 participants |
| Anxiety Treatment | 189 participants |
Ethical and Responsible Research
Compliance and ethical research investments:
- $1.2 million allocated to ethical research protocols
- 4 independent ethics review board consultations
Collaborative Scientific Ecosystem
| Research Partnerships | Number |
|---|---|
| Academic Institutions | 6 active collaborations |
| Pharmaceutical Research Centers | 3 strategic partnerships |
Sustainability and Corporate Responsibility
Environmental and social governance metrics:
- Carbon neutrality goal: 65% achieved by 2024
- $750,000 invested in sustainability initiatives
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