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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Clarify Pharma PLC | AQSE:PSYC | Aquis Stock Exchange | Ordinary Share | GB00BMCD8M81 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.125 | 0.10 | 0.26 | 0.18 | 0.125 | 0.18 | 0.00 | 16:29:52 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPSYC
RNS Number : 4107H
Clarify Pharma PLC
24 November 2022
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014, as retained as part of the law of England and Wales. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
Press Release
24 November 2022
Clarify Pharma PLC
("Clarify Pharma" or "The Company")
Acquisition of Shares in Atai Life Sciences and Compass Pathways
Clarify Pharma (AQSE: PSYC), an investment vehicle specialising in biotech and life sciences companies seeking to prove the safety and efficacy of psychedelic-based substances, is pleased to announce it has acquired shares to the value of GBP250,000 in each of Atai Life Sciences Inc (NASDAQ: ATAI) and Compass Pathways PLC (NASDAQ: CMPS) as part of its investment strategy.
Atai Life Sciences Inc is a leading biotech company specialised in psychedelic-based drugs and has prominent backing from venture capitalists, including entrepreneur and venture capitalist Peter Thiel. Atai's pipeline features nine programs, four of which are in the clinical testing stage. The company's lead drug candidate, RL-007, is being evaluated in a Phase 2 clinical study as a potential treatment for schizophrenia. Furthermore, Atai's Perception Neuroscience unit partnered with Otsuka, the Japanese drugmaker, to develop R-ketamine in treating depression. This represented the first major collaboration between a psychedelic-focused biotech and a big pharmaceutical company. Atai has also acquired and made several strategic investments in companies in the sector.
Compass Pathways PLC was founded in 2015 to support the research and development of psilocybin therapy which combines the pharmacological effects of psilocybin, a psychoactive substance, with psychological support for the treatment of mental health challenges. Compass Pathways conducted the largest clinical trial in the history of psilocybin-assisted therapy with a Phase 2 study evaluating a synthesised formulation of psilocybin, COMP360, in treatment-resistant depression. This research is now into late-stage testing. Compass Pathways has also initiated a Phase 2 study of the therapy in treating post-traumatic stress disorder at The Institute of Psychiatry, Psychology & Neuroscience at King's College London.
Jonathan Bixby, Executive Chairman of Clarify Pharma, said: "I am delighted to announce Clarify Pharma's purchase of shares in two trailblazing companies which are conducting pioneering research into psychedelic-assisted therapeutic treatment. Clarify Pharma continues to pursue new and exciting opportunities in the sector and is focused on delivering value for shareholders as investors continue to gain confidence in the regulatory environment for alternative treatments."
For further information please contact:
Clarify Pharma Jon Bixby via Tancredi +44 207 887 7633 Executive Chairman ------------------------------ First Sentinel ------------------------------ Corporate Adviser Brian Stockbridge +44 7876 888 011 ------------------------------ Tennyson Securities ------------------------------ Corporate Broker Peter Krens +44 207 186 9030 ------------------------------ Tancredi Intelligent Communication ------------------------------ Media Relations Catrina Daly Salamander Davoudi +44 7727 153 868 clarifypharma@tancredigroup.com +44 7957 549 906 ------------------------------
About Clarify Pharma PLC:
Listed on the Aquis Stock Exchange in London , Clarify Pharma is an investment vehicle focusing on investing in biotech and life sciences companies seeking to prove the safety and efficacy of psychedelic-based substances. The Company looks to identify investment opportunities in the life sciences sector within the UK, Canada and other growing markets, with the objective of generating long-term capital growth and building investments in an R&D pipeline of companies which are discovering, developing, or deploying safe and evidence-based psychedelic inspired medicines and experiential therapies that alleviate mental health problems and enhance wellbeing.
The Company's Directors have an established track record, experience and networks in the psychedelic, cannabinoid and media industries, to drive value creation.
https://www.clarifypharma.com/
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November 24, 2022 02:00 ET (07:00 GMT)
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