Compass Pathways to Be Added to the NASDAQ Biotechnology Index (NBI)
18 December 2024 - 10:30PM
Business Wire
Compass Pathways plc (Nasdaq: CMPS), a biotechnology company
dedicated to accelerating patient access to evidence-based
innovation in mental health, announced today its common stock will
be added to the NASDAQ Biotechnology Index (Nasdaq: NBI), effective
prior to market open on Monday, December 23, 2024.
The NASDAQ Biotechnology Index is designed to track the
performance of a set of securities listed on The NASDAQ Stock
Market® (NASDAQ®) that are classified as either biotechnology or
pharmaceutical companies and is a modified market capitalization
weighted index. The NBI is reconstituted annually in December in
accordance with a set of eligibility criteria including minimum
market capitalization and average daily trading volume, among other
criteria.
To learn more about the NASDAQ Biotechnology Index, visit this
link.
About Compass Pathways
Compass Pathways plc (Nasdaq: CMPS) is a biotechnology company
dedicated to accelerating patient access to evidence-based
innovation in mental health. Our focus is on improving the lives of
those who are living with mental health challenges and who are not
helped by existing standards of care. We are pioneering the
development of a new model of psilocybin treatment, in which our
proprietary formulation of synthetic psilocybin, COMP360, is
administered in conjunction with psychological support. COMP360 has
Breakthrough Therapy designation from the US Food and Drug
Administration (FDA) and has received Innovative Licensing and
Access Pathway (ILAP) designation in the UK for treatment-resistant
depression (TRD).
We have commenced a phase 3 clinical program of COMP360
psilocybin treatment in TRD, the largest randomized, controlled,
double-blind psilocybin treatment clinical program ever conducted.
Previously, we completed a phase 2b study with top line data
showing a statistically significant (p<0.001) and clinically
relevant improvement in depressive symptom severity after three
weeks for patients who received a single 25mg dose of COMP360
psilocybin with psychological support. We have completed an open
label phase 2 study of COMP360 psilocybin treatment for
post-traumatic stress disorder (PTSD), and we are currently
conducting a phase 2 clinical study in anorexia nervosa.
Compass is headquartered in London, UK, with offices in New York
and San Francisco in the US. Our vision is a world of mental
wellbeing.
Availability of other information about Compass
Pathways
Investors and others should note that we communicate with our
investors and the public using our website
(www.compasspathways.com), our investor relations website
(ir.compasspathways.com), and on social media (LinkedIn), including
but not limited to investor presentations and investor fact sheets,
US Securities and Exchange Commission filings, press releases,
public conference calls and webcasts. The information that we post
on these channels and websites could be deemed to be material
information. As a result, we encourage investors, the media, and
others interested in us to review the information that is posted on
these channels, including the investor relations website, on a
regular basis. This list of channels may be updated from time to
time on our investor relations website and may include additional
social media channels. The contents of our website or these
channels, or any other website that may be accessed from our
website or these channels, shall not be deemed incorporated by
reference in any filing under the Securities Act of 1933.
Forward-looking statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, as amended. In some cases, forward-looking statements can be
identified by terminology such as “may”, “will”, “could”, “would”,
“expect”, “intend”, “plan”, “anticipate”, “believe”, “potential”
and “continue” and “ongoing,” or the negative of these terms or
other comparable terminology, although not all forward-looking
statements contain these words. Forward-looking statements include
express or implied statements relating to, among other things,
statements that relate to the anticipated inclusion in the Nasdaq
Biotechnology Index following the annual reconstitution, risks and
uncertainties relating to the anticipated trading of Compass
securities, and other information that is not historical
information. The forward-looking statements in this press release
are neither promises nor guarantees, and you should not place undue
reliance on these forward-looking statements because they involve
known and unknown risks, uncertainties, and other factors, many of
which are beyond our control and which could cause actual results,
levels of activity, performance or achievements to differ
materially from those expressed or implied by these forward-looking
statements.
These risks, uncertainties, and other factors include, among
others: risks relating to becoming included and remaining included
in the Nasdaq Biotechnology Index; risks and uncertainties relating
to the trading of our securities as it relates to the Nasdaq
Biotechnology Index annual reconstitution and the inclusion of
Compass Pathways on the Nasdaq Biotechnology Index following such
reconstitution; clinical development is lengthy and outcomes are
uncertain, and therefore our clinical trials may be delayed or
terminated; the results of early-stage clinical trials of our
investigational COMP360 psilocybin treatment may not be predictive
of the results of later stage clinical trials; we will require
substantial additional funding to achieve our business goals and if
we are unable to obtain this funding when needed and on acceptable
terms, we could be forced to delay, limit or terminate our clinical
development and commercial planning efforts; our efforts to obtain
marketing approval from the applicable regulatory authorities in
any jurisdiction for COMP360 or any of future product candidates
may be unsuccessful; our efforts to commercialize and obtain
coverage and reimbursement for our investigational COMP360
psilocybin treatment, if approved, may be unsuccessful; our ability
to successfully manage senior management changes and our ability to
retain key personnel; and those risks and uncertainties described
under the heading “Risk Factors” in our most recent annual report
on Form 10-K or quarterly report on Form 10-Q and in other reports
we have filed with the U.S. Securities and Exchange Commission
(“SEC”) , which are available on the SEC’s website at www.sec.
Except as required by law, we disclaim any intention or
responsibility for updating or revising any forward-looking
statements contained in this press release in the event of new
information, future developments or otherwise. These
forward-looking statements are based on our current expectations
and speak only as of the date hereof.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241218210915/en/
Enquiries Media: Sally Bain, media@compasspathways.com, +
1 781 458 0443 Investors: Stephen Schultz,
stephen.schultz@compasspathways.com,+1 401 290 7324
COMPASS Pathways (NASDAQ:CMPS)
Historical Stock Chart
From Dec 2024 to Jan 2025
COMPASS Pathways (NASDAQ:CMPS)
Historical Stock Chart
From Jan 2024 to Jan 2025