The Billion-Dollar Magic Mushroom Enterprise | COMPASS Pathways (CMPS)

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Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.

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The Billion-Dollar Magic Mushroom Enterprise | COMPASS Pathways (CMPS)
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COMPASS Pathways PLC (NASDAQ:CMPS) is a mental healthcare company focused on accelerating patient access to evidence-based medical innovation. That is a fancy way of saying the company is using magic mushrooms to treat what is largely untreatable; depression and specifically treatment-resistant depression (TRD).

There is an ongoing crisis in mental health, exasperated by the pandemic. New approaches to helping mental health issues are required because current medicines aren’t effective for enough people. Psilocybin, coupled with psychological support, has been proven to become a new tool that can actually help patients.
But, that requires evidence. COMPASS is undergoing the largest trials ever conducted in psychedelics in 10 different countries 22 sites.

If COMPASS successfully demonstrates its proprietary formulations can aid patients with depression in its ongoing Phase II and, eventually, Phase III clinical trials, the potential for the company huge. Results of its Phase IIB clinical trials are expected to be released at the end of FY 2021.

“Psilocybin was numerically superior on many dimensions on anxiety and depression, but also well being, a sense of flourishing, with a really different side effect profile. We are really focused on seeing what happens when we have the industrial-strength study that will out at the end of the year. But, a lot of promising signals” – COMPASS Pathways PLC CEO George Goldsmith

Watch the full interview to see why CEO George Goldsmith is so passionate about the psychedelic space, the need for new medical innovations, and its current COMP360 psilocybin clinical trials.

Transcript

00:51 – Business of COMPASS Pathways

02:05 – Timeframe before psilocybin can be prescribed

03:12 – What drove shift in regulators approach to psychedelic drugs

05:30 – How COMPASS Pathways got involved with psychedelics

07:15 – Psilocybin results to treat depression

09:51 – Capital raises & expenses for further research

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.