Psilocybin is under clinical development by Compass Pathways and currently in Phase III for Treatment Resistant Depression. According to GlobalData, Phase III drugs for Treatment Resistant Depression have a 75% phase transition success rate (PTSR) indication benchmark for progressing into Pre-Registration. GlobalData’s report assesses how Psilocybin’s drug-specific PTSR and Likelihood of Approval (LoA) scores compare to the indication benchmarks. Buy the report here.
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GlobalData tracks drug-specific phase transition and likelihood of approval scores, in addition to indication benchmarks based off 18 years of historical drug development data. Attributes of the drug, company and its clinical trials play a fundamental role in drug-specific PTSR and likelihood of approval.
Psilocybin overview
Psilocybin is under development for the treatment of treatment-resistant depressive disorder (P-TRD), autism, anorexia nervosa, obsessive-compulsive disorder (OCD) and body dysmorphic disorder. It is formulated as the capsule and administered by oral route. The drug candidate is a tryptamine alkaloid which is a psychedelic prodrug compound acts by targeting 5hydroxy tryptamine 1A and 2A.
The drug candidate was under development for the treatment of major deprresive disorder (MDD).
Compass Pathways overview
Compass Pathways is a biotechnology company that carries out the development of mental health treatments. The company provides the development of COMP360 psilocybin treatment, a novel approach to mental health care that combines a proprietary psilocybin formulation with psychological support. Compass Pathways products are designed for use in the healthcare industry for the treatment of mental health conditions. It collaborates with research institutions and partners. Compass Pathways is headquartered in Altrincham, Cheshire, the UK.
For a complete picture of Psilocybin’s drug-specific PTSR and LoA scores, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Likelihood of Approval analytics tool dynamically assesses and predicts how likely a drug will move to the next stage in clinical development (PTSR), as well as how likely the drug will be approved (LoA). This is based on a combination of machine learning and a proprietary algorithm to process data points from various databases found on GlobalData’s Pharmaceutical Intelligence Center.
