Pioneering collaboration with King’s Faculty London
and South London and Maudsley NHS Basis Belief
London, UK, 24 March 2022
COMPASS Pathways plc (Nasdaq: CMPS) (“COMPASS”), a psychological well being care firm devoted to accelerating affected person entry to evidence-based innovation in psychological well being, has fashioned a long-term strategic partnership to launch The Centre for Psychological Well being Analysis and Innovation (“the Centre”) to speed up psychedelic analysis and develop new fashions of look after psychological well being within the UK.
Along with South London and Maudsley NHS Basis Belief (SLaM), the biggest psychological well being belief within the UK Nationwide Well being Service (NHS) and the Institute of Psychiatry, Psychology & Neuroscience (IoPPN) at King’s Faculty London, this pioneering collaboration will present affected person entry to innovative analysis research in a number of areas of excessive unmet want in psychological well being.
The Centre will speed up analysis of rising psychedelic therapies, assist therapist coaching and certification, consider real-world proof, and prototype digital applied sciences to allow personalised, predictive and preventative care fashions.
George Goldsmith, Chairman, CEO and Co-founder, COMPASS Pathways, stated, “In 2021, the UK Authorities included psychological well being care as a core pillar of its Life Sciences Imaginative and prescient – a sign of how essential a problem that is turning into. We’re grateful to have the ability to play an element on this, and to be working with SLaM and the IoPPN, UK leaders in affected person care and analysis in psychological well being. The Centre will speed up the mixing of modern psychedelic therapies into the NHS following regulatory approval and reimbursement. It’s a key a part of our technique to work with well being techniques to develop modern evidence-based therapies, and guarantee they attain those that may profit from them as rapidly as potential.”
Analysis will initially deal with COMPASS’s investigational COMP360 psilocybin remedy and supportive applied sciences, and also will cowl different novel therapeutic approaches being researched and developed by COMPASS, in areas of great unmet psychological well being want together with treatment-resistant despair (TRD), post-traumatic stress dysfunction (PTSD) and anorexia nervosa.
The ambition is for the Centre to be a beacon of modern psychological well being care fashions, and assist encourage and speed up the event of such public-private partnerships amongst business sponsors, educational investigators and the NHS below the Psychological Well being Mission throughout the new UK Authorities Life Sciences Imaginative and prescient. The Centre will initially be positioned at Maudsley Hospital, London, whereas state-of-the-art amenities are constructed inside a 200 acre woodland at Bethlem Royal Hospital, London. This devoted and purpose-built area for late-stage medical trials can be managed by main medical investigators with intensive expertise in conducting psychedelic medical trials, and can present entry to COMP360 psilocybin remedy to an estimated 650-700 sufferers over a five-year time period.
David Bradley, Chief Government of South London and Maudsley NHS Basis Belief, stated, “We’re seeing a speedy progress within the variety of individuals with psychological well being care wants, in South London and throughout the UK. We’re proud to proceed our legacy of innovation and analysis by partnering with COMPASS Pathways to immediately translate analysis into healthcare remedy and considerably enhance care in our communities.”
Professor Allan Younger, Head of Tutorial Psychiatry at King’s IoPPN, stated, “This new Centre is all about placing sufferers first. The collaboration with COMPASS Pathways will deal with growing new and efficient therapies, in addition to contemplating the affected person expertise in the true world. We hope it’ll pave the best way for the way analysis and improvements partnerships are developed sooner or later.”
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About COMPASS Pathways
COMPASS Pathways plc (Nasdaq: CMPS) is a psychological well being care firm devoted to accelerating affected person entry to evidence-based innovation in psychological well being. Our focus is on enhancing the lives of those that are struggling with psychological well being challenges and who should not helped by present therapies. We’re pioneering the event of a brand new mannequin of psilocybin remedy, by which our proprietary formulation of artificial psilocybin, COMP360, is run together with psychological assist. COMP360 has been designated a Breakthrough Remedy by the US Meals and Drug Administration (FDA), for treatment-resistant despair (TRD), and now we have accomplished a section IIb medical trial of psilocybin remedy for TRD, in 22 websites throughout Europe and North America. This was the biggest randomised, managed, double-blind psilocybin remedy medical trial ever performed, and our topline information confirmed a statistically vital (p<0.001) and clinically related enchancment in depressive symptom severity after three weeks for sufferers who obtained a single excessive dose of COMP360 psilocybin with psychological assist. We’re additionally operating a section II medical trial of COMP360 psilocybin remedy for post-traumatic stress dysfunction (PTSD). COMPASS is headquartered in London, UK, with workplaces in New York and San Francisco within the US. Our imaginative and prescient is a world of psychological wellbeing. www.compasspathways.com
Availability of different details about COMPASS Pathways
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Ahead-looking statements
This press launch comprises forward-looking statements throughout the that means of the Personal Securities Litigation Reform Act of 1995, as amended. In some instances, forward-looking statements might be recognized by terminology corresponding to “might”, “may”, “will”, “might”, “would”, “ought to”, “anticipate”, “intend”, “plan”, “goal”, “anticipate”, “consider”, “ponder”, “estimate”, “predict”, “potential”, “proceed” and “ongoing,” or the detrimental of those phrases or different comparable terminology, though not all forward-looking statements comprise these phrases. Ahead-looking statements embrace categorical or implied statements referring to, amongst different issues, the security or efficacy of psilocybin remedy, together with COMP360, as a remedy for despair, COMPASS’s enterprise technique and objectives, together with its capacity to launch and commercialise merchandise, COMPASS’s expectations and plans relating to the Centre, COMPASS’s expectations for the timing of its pivotal section III programme and the potential for that or different trials to assist regulatory filings and approvals, COMPASS’s capacity to proceed to advance its analysis or develop plans to convey its product candidates to sufferers, and COMPASS’s expectations relating to the advantages of psilocybin remedy. 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: preclinical analysis and medical growth is prolonged and unsure, and due to this fact our preclinical research and medical trials could also be delayed or terminated, or might by no means advance to or within the clinic; and people dangers and uncertainties described below the heading “Threat Components” in COMPASS’s annual report on Type 10-Okay filed with the US Securities and Change Fee (SEC) on 24 February 2022 and in subsequent filings made by COMPASS with the SEC, which can be found on the SEC’s web site at www.sec.gov. Besides as required by regulation, 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 based mostly on COMPASS’s present expectations and converse solely as of the date hereof.
About King’s Faculty London and the Institute of Psychiatry, Psychology & Neuroscience
King’s Faculty London is without doubt one of the high 35 UK universities on this planet and one of many high 10 in Europe (QS World College Rankings, 2020/21) and among the many oldest in England. King’s has greater than 31,000 college students (together with greater than 12,800 postgraduates) from some 150 international locations worldwide, and eight,500 workers. King’s has an impressive popularity for world-class instructing and cutting-edge analysis. The Institute of Psychiatry, Psychology & Neuroscience (IoPPN) at King’s is the premier centre for psychological well being and associated neurosciences analysis in Europe. It produces extra extremely cited outputs (high 1% citations) on psychological well being than some other centre (SciVal 2019) and on this metric now we have risen from sixteenth (2014) to 4th (2019) on this planet for extremely cited neuroscience outputs. World-leading analysis from the IoPPN has made, and continues to make, an impression on how we perceive, forestall and deal with psychological sickness and different situations that have an effect on the mind.
www.kcl.ac.uk/ioppn @KingsIoPPN
About South London and Maudsley NHS Basis Belief
South London and Maudsley NHS Basis Belief is a big and complicated multi-site supplier of psychological well being providers – offering the widest vary of NHS psychological well being providers within the UK. We intention to make a distinction to individuals’s lives by in search of excellence in all areas of psychological well being and wellbeing. Our 6,000 workers serve an area inhabitants of 1.3 million individuals and we provide greater than 260 providers together with inpatient wards, outpatient and group providers throughout Lambeth, Lewisham, Southwark and Croydon. We additionally present substance misuse providers for people who find themselves hooked on medication and alcohol. In addition to serving the communities of south London, we offer greater than 20 specialist providers for kids and adults throughout the UK together with perinatal providers, consuming problems, psychosis and autism.
Enquiries
Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024
Buyers: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401 290 7324
Movies accompanying this announcement can be found at:
https://www.youtube.com/embed/rdg2EncqE4I
https://www.youtube.com/embed/pTHytMEft48
