23:59:20 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Cybin Inc
Symbol CYBN
Shares Issued 164,640,303
Close 2022-04-08 C$ 0.96
Market Cap C$ 158,054,691
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Cybin applauds WIPO patent application for psychedelics

2022-04-08 09:50 ET - News Release

Mr. Doug Drysdale reports

CYBIN ANNOUNCES PUBLICATION OF INTERNATIONAL PCT PATENT APPLICATION FOR INHALATION DELIVERY OF MULTIPLE PSYCHEDELIC MOLECULES

The World Intellectual Property Organization (WIPO) published an international patent application covering a range of inhalation delivery methods across multiple psychedelic molecules, further strengthening Cybin Inc. long-term intellectual property (IP) position of psychedelic-based programs.

"The publication of this PCT patent application demonstrates our continued commitment to discovering and developing new psychedelic-based treatment options, in addition to identifying and combining potentially improved and well-controlled delivery systems with these clinical candidates," said Doug Drysdale, chief executive officer of Cybin. "In addition, our progress to secure IP for unique psychedelic delivery methods strongly aligns and supports our current CYB004 pipeline program of deuterated DMT via inhalation, which is aimed at overcoming some of the known challenges of oral and IV-administered DMT."

The PCT application, titled "Methods For Delivery Of Psychedelic Medications By Inhalation And Systems For Performing The Methods," allows Cybin to pursue patent applications and seek protection for multiple inhaled forms of psychedelic molecules that are currently being researched and developed or may be developed by the company in the future.

About Cybin Inc.

Cybin is a leading ethical biopharmaceutical company, working with a network of world-class partners and internationally recognized scientists, on a mission to create safe and effective therapeutics for patients to address a multitude of mental health issues. Headquartered in Canada and founded in 2019, Cybin is operational in Canada, the United States, United Kingdom and Ireland. The company is focused on progressing psychedelics to therapeutics by engineering proprietary drug discovery platforms, innovative drug delivery systems, novel formulation approaches and treatment regimens for mental health disorders.

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