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Mernova Continues Sturdy Progress in Q1 FY24

admin by admin
February 12, 2024
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Mernova Continues Sturdy Progress in Q1 FY24
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Hackensack Meridian Well being gives a whole vary of medical providers, modern analysis and life-enhancing care. The community has 18 hospitals and greater than 500 affected person care places. The community’s notable distinctions embrace having the one #1 ranked grownup and kids’s hospitals in New Jersey, as ranked by U.S. Information & World Report, 2023-24. Hackensack College Medical Middle is nationally-ranked by U.S. Information & World Report in six specialties.

“We’re proud to collaborate with Compass Pathways, a number one biotechnology firm aiming to create actual change for folks struggling with a few of the most difficult-to-treat psychological well being circumstances,” stated Robert C. Garrett, FACHE, CEO of Hackensack Meridian Well being . “Our community’s management in psychological well being and in depth expertise in treating melancholy in medical observe will inform how new psychological well being therapies could also be accessed by sufferers sooner or later.”

“Our collaboration with Hackensack Meridian Well being will assist us perceive how investigational COMP360 psilocybin therapy, if authorized, might be delivered to sufferers, and represents one other necessary milestone in our mission to offer higher therapy choices for individuals who urgently want them,” stated Kabir Nath, CEO of Compass Pathways. “As one of many largest, most complete and really built-in well being care networks within the US, with a powerful mission to enhance medical outcomes and remodel healthcare supply, HMH is a superb collaboration accomplice for Compass.”

About Compass Pathways

Compass Pathways plc (Nasdaq: CMPS) is a biotechnology firm devoted to accelerating affected person entry to evidence-based innovation in psychological well being. Our focus is on bettering the lives of those that are struggling with psychological well being challenges and who are usually not helped by present therapies. We’re pioneering the event of a brand new mannequin of psilocybin therapy, by which our proprietary formulation of artificial psilocybin, COMP360, is run along side psychological assist. COMP360 has been designated a Breakthrough Remedy by the U.S. Meals and Drug Administration (FDA) and has acquired Revolutionary Licensing and Entry Pathway (ILAP) designation within the UK for treatment-resistant melancholy (TRD).

We’ve commenced a section 3 medical program of COMP360 psilocybin therapy in TRD, the most important randomized, managed, double-blind psilocybin therapy medical program ever performed. Beforehand, we accomplished a section 2b examine with prime line knowledge exhibiting a statistically vital (p

Compass is headquartered in London, UK, with places of work in New York and San Francisco in the US. Our imaginative and prescient is a world of psychological wellbeing. www.compasspathways.com .

About Hackensack Meridian Well being

Hackensack Meridian Well being is a number one not-for-profit well being care group that’s the largest, most complete and really built-in well being care community in New Jersey, providing a whole vary of medical providers, modern analysis and life-enhancing care. The community has 18 hospitals and greater than 500 affected person care places, which embrace ambulatory care facilities, surgical procedure facilities, house well being providers, long-term care and assisted residing communities, ambulance providers, lifesaving air medical transportation, rehabilitation facilities, pressing care facilities, doctor observe places, and a health and wellness heart. With greater than 35,000 staff members and seven,000 physicians, Hackensack Meridian Well being is a distinguished chief in well being care philanthropy and dedicated to the well being and well-being of communities all through New Jersey.

The community’s notable distinctions embrace having the one #1 ranked grownup and kids’s hospitals in New Jersey, as ranked by U.S. Information & World Report, 2023-24. Hackensack College Medical Middle is nationally-ranked by U.S. Information & World Report in six specialties. To study extra, go to www.hackensackmeridianhealth.org .

Availability of different details about Compass Pathways

Traders and others ought to word that we talk with our traders and the general public utilizing our web site ( www.compasspathways.com ), our investor relations web site ( ir.compasspathways.com ), and on social media (LinkedIn), together with however not restricted to investor displays and investor truth sheets, US Securities and Change Fee filings, press releases, public convention calls and webcasts. The knowledge that we submit on these channels and web sites might be deemed to be materials data. Consequently, we encourage traders, the media, and others involved in us to overview the data that’s posted on these channels, together with the investor relations web site, regularly. This record of channels could also be up to date occasionally on our investor relations web site and will embrace further social media channels. The contents of our web site or these channels, or every other web site that could be accessed from our web site or these channels, shall not be deemed included by reference in any submitting below the Securities Act of 1933.

Ahead-looking statements

Compass Pathways:

This press launch accommodates forward-looking statements throughout the that means of the Personal Securities Litigation Reform Act of 1995, as amended. In some circumstances, forward-looking statements could be recognized by terminology resembling “might”, “will”, “might”, “would”, “anticipate”, “intend”, “plan”, “anticipate”, “consider”, “potential” and “proceed” and “ongoing,” or the destructive of those phrases or different comparable terminology, though not all forward-looking statements include these phrases. Ahead-looking statements embrace specific or implied statements regarding, amongst different issues, the protection or efficacy of investigational COMP360 psilocybin therapy as a therapy for melancholy, post-traumatic stress dysfunction or anorexia nervosa, the potential for the pivotal section 3 program or different trials to assist regulatory filings and approvals, Compass’s enterprise technique and targets, Compass’s plans, expectations and talent to realize its targets associated to this analysis collaboration settlement; Compass’s means to proceed to advance its analysis, get hold of regulatory approval or develop plans to deliver COMP360 psilocybin therapy to sufferers, and Compass’s expectations relating to the advantages of its investigational COMP360 psilocybin therapy. The forward-looking statements on this press launch are neither guarantees nor ensures, and you shouldn’t place undue reliance on these forward-looking statements as a result of they contain identified and unknown dangers, uncertainties, and different elements, a lot of that are past Compass’s management and which might trigger precise outcomes, ranges of exercise, efficiency or achievements to vary materially from these expressed or implied by these forward-looking statements.
These dangers, uncertainties, and different elements embrace, amongst others: medical growth is prolonged and outcomes are unsure, and due to this fact Compass’s medical trials could also be delayed or terminated; the outcomes early-stage medical trials of investigational COMP360 psilocybin therapy is probably not predictive of the outcomes of later stage medical trials; Compass’s efforts to acquire advertising approval from the relevant regulatory authorities in any jurisdiction for COMP360 or any of future product candidates could also be unsuccessful, and Compass’s efforts to acquire protection and reimbursement for its investigational COMP360 psilocybin therapy, if authorized, could also be unsuccessful; the chance that this analysis collaboration with Hackensack Meridian Well being is not going to proceed or is not going to achieve success; and people dangers and uncertainties described below the heading “Threat Components” in Compass’s most up-to-date annual report on Kind 10-Ok or quarterly report on Kind 10-Q and in different stories we’ve got filed with the U.S. Securities and Change Fee (“SEC”) , which can be found on the SEC’s web site at www.sec.gov . Besides as required by legislation, Compass disclaims any intention or accountability for updating or revising any forward-looking statements contained on this press launch within the occasion of latest data, future developments or in any other case. These forward-looking statements are primarily based on Compass’s present expectations and converse solely as of the date hereof.

Enquiries

Compass Pathways:

Media: Amy Lawrence, media@compasspathways.com , +44 7813 777 919
Traders: Stephen Schultz, stephen.schultz@compasspathways.com , +1 401 290 7324

Hackensack Meridian Well being :

Media: Jessica Nussman, jessica.nussman@hmhn.org , 551-237-0984; Elizabeth Llorente, Elizabeth.Llorente@hmhn.org , 646-573-8487

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