Compass Pathways shares surged over 30% on Tuesday after the company announced positive results from COMP006, the second of two pivotal Phase 3 trials for its psilocybin-based therapy COMP360 in treatment-resistant depression.

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Compass Pathways shares surged over 30% on Tuesday after the company announced positive results from COMP006, the second of two pivotal Phase 3 trials for its psilocybin-based therapy COMP360 in treatment-resistant depression.

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Compass Pathways announced that the US FDA has accepted its Investigational New Drug application for COMP360, a psilocybin-based therapy for PTSD.

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COMPASS PATHWAYS FAST-TRACKS COMP360 LAUNCH BY UP TO A YEAR

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Compass Pathways shared updates on its clinical pipeline and regulatory progress, highlighting momentum around its lead candidate COMP360 for treatment-resistant depression (TRD).

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Psychedelic drug stocks surged after Bloomberg News reported AbbVie is in talks to acquire Gilgamesh Pharmaceuticals in a ~$1B deal.

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Compass Pathways shares fell ~46% on Monday after releasing Phase 3 data for its psilocybin-based treatment (COMP360) targeting treatment-resistant depression, which met its primary endpoint but disappointed investors expecting stronger efficacy.

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