Cybin Corp.: A Psychedelics Pioneer Led by a Biotech Veteran
Ryan Allway
September 22nd, 2020
App, Psychedelics, Top Story, Uncategorized
Cybin has become one of the most popular psychedelic companies over the past year. With a unique approach to the market and an experienced management team, the company aims to bring a breakthrough psychedelic therapy to market for those suffering from Major Depressive Disorder and other mental health conditions—and build value for shareholders in the process.
CEO Doug Drysdale provides an overview of Cybin
Let’s take a closer look at CEO Doug Drysdale’s experience in building value for shareholders in the pharmaceutical and biotech industries and his role at Cybin.
A Turnaround Expert
Doug Drysdale has always been drawn to businesses that were undermanaged, distressed or startups. With some financial and operational discipline, these companies had the potential to realize significant growth compared to their peers. He helped these companies form cohesive management teams, recruit board members, complete acquisitions and raise capital.
In 2008, Drysdale brought Avogen from inception to $450 million in revenue across 35 countries and turned around Norwich Pharmaceuticals in the process. In addition to transforming Norwich’s manufacturing and R&D capabilities, he built an R&D facility in New Jersey, a Contract Research Organization in India, and a pipeline of over 50 products in the U.S.
Click here to receive an investor presentation and receive corporate updates
In 2014, Drysdale led the turnaround of NASDAQ-listed Pernix Therapeutics by raising $465 million in capital, rebuilding the management team from the ground up, consolidating locations, divesting non-profitable assets, building a 220-person sales team, and ultimately, growing its enterprise value from $80 million to around $800 million.
Between 2017 and 2020, Drysdale was Director and CEO of Tedor Pharma, a contract manufacturing business that it turned around to generate 60% revenue growth in 2019 and achieve recognition as one of America’s fastest growing companies on the 2020 Inc. 5000 list before joining Cybin as CEO in 2020 to start on a new venture.
CEO Doug Drysdale shares some details about his professional experience
Cybin’s Unique Fit
Doug Drysdale is uniquely suited to lead Cybin Corp. given his experience in biotech and his background in molecular biology. After meeting Cybin’s founders, Drysdale immediately found a mutual appreciation for mental illness, but it was the science that hooked him—in particular, the company’s leading development program for Major Depressive Disorder.
CEO Doug Drysdale shares some reasons why he decided to join Cybin
Drysdale and the Cybin team are focused on a sublingual formulation of psilocybin. While psilocybin has shown strong promise in other clinical trials, the unique sublingual format dissolves rapidly and avoids the impact of first-pass metabolism in the liver. The goal is to dose 8X to 10X less active drug to improve safety and reduce side-effects.
Click here to receive an investor presentation and receive corporate updates
In addition, the company is developing programs geared toward creating novel molecules with improved side effect profiles. The opportunity to treat depression or addiction with just one or two treatments is clearly transformational and could have a significant impact on how mental illnesses are treated in the U.S. and around the world.
Cybin is currently in the middle of a capital raise and plans to go public. Management hopes to complete its capital raise, finish its sublingual formation work, and dose its initial study participants near the end of 2020. The company may also enter into a number of transactions to acquire and license additional capabilities, drug candidates and intellectual property.
With the success of COMPASS Pathways Inc.’s (NASDAQ: CMPS) public debut, where shares rose nearly 30%, there seems to be a strong appetite among investors for psychedelic opportunities.
Looking Ahead
Cybin is uniquely positioned to bring new psychedelic treatments to market, particularly under the leadership of CEO Doug Drysdale. With a history of successful turnarounds in the pharmaceutical and biotech sectors, Drysdale could be instrumental in helping to bring therapies to market while building value for shareholders.
To learn more about Cybin, visit the company’s website or download their investor presentation.
Click here to receive an investor presentation and receive corporate updates
Disclaimer
The above article is sponsored content. CannabisFN.com and CFN Media, have been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: https://cannabisfn.com/legal-disclaimer/
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
Search CannabisFN
Press Coverage
Psychedelics Index
Top Videos
Tom Zuber is Zuber Lawler & Del Duca’s Managing Partner. He has a degree with highest honors in biomedical engineering and has advised some of the most iconic companies in the world on their patent and trademark portfolios. He is at the cutting edge of cannabis patent and trademark law. He holds degrees from Harvard University and Columbia Law […]
Matt Hawkins is the founder and managing principal of Cresco Capital Partners, LLC (“Cresco”), a private equity firm focused specifically on investing in the legalized cannabis industry. Since its inception in the summer of 2015, Cresco has made 14 investments out of its first fund and is currently raising this fund, Fund II. Prior to the […]
The Yield Growth Corp. is a diverse team of business executives dedicated to rapid, sustainable financial growth for businesses with viable models for success.
JWC is a Licensed Producer under the ACMPR with the goal of helping patients by providing clean, consistent medical cannabis products.
Network Partners
About CFN Media Group
CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.
Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer
