Compass Pathways Says FDA Accepts Application for PTSD Treatment; Shares Up Pre-Bell

MT Newswires Live

01/07

Compass Pathways (CMPS) said Wednesday the US Food and Drug Administration accepted the investigational new drug application for COMP360 as a potential treatment of post-traumatic stress disorder, or PTSD.

The move allows the company to proceed with a phase 2b/3 trial in patients with PTSD.

Compass Pathways also said it amended its current term loan facility with Hercules Capital (HTGC), increasing the facility to up to $150 million and helping the company maintain cash into 2027.

Compass Pathways shares were up 5% in recent premarket activity.

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