OCLN - Cybin Inc. (NEO: CYBN) (NYSE American CYBN) Adelia Acquisition Making Impact Reaching Milestones
- Cybin subsidiary achieved certain milestones as outlined in acquisition agreement
- Adelia brought numerous advantages to company
- Acquisition may advance “Cybin’s ability to innovate our psychedelic drug development program and diversify beyond major depressive disorder,” says CEO
Cybin's (NEO: CYBN) (NYSE American CYBN) most recent acquisition, Adelia Therapeutics Inc., is already reporting success for the company (https://ibn.fm/ZtWL2). Cybin recently announced that the wholly controlled subsidiary had achieved certain milestones for the year as outlined in the acquisition agreement, resulting in Adelia shareholders receiving common shares in Cybin.
Cybin closed on the acquisition of Adelia late last year, with the company noting several key advantages gained through the transaction (https://ibn.fm/KZusD). In part, the benefits include novel psychedelic molecules that diversify Cybin’s development portfolio and provide access to multiple future indications; a range of technologies related to novel therapeutics, delivery methods and therapeutic regimens, including six patent applications; an expanding library of psychedelic derivative...
NOTE TO INVESTORS: The latest news and updates relating to CYBN are available in the company’s newsroom at http://ibn.fm/CYBN
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