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Cybin Inc. (NEO: CYBN) Looking to Solve Long-Standing Problem with MDD Treatment

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NEW YORK, Dec. 18, 2020 (GLOBE NEWSWIRE) — NetworkNewsAudio – Cybin Inc. (NEO: CYBN) announces the availability of a broadcast titled, “Hope on the Horizon: Psychedelics Offer Potential for Transforming Mental Health Treatments.”To hear the AudioPressRelease, please visit: The NetworkNewsAudio News PodcastTo view the full editorial, please visit: https://nnw.fm/RTJ3wMore than 700 million people dealing with illnesses takes a toll on health-care systems. By 2030, it is estimated that the aggregate cost of mental health maladies to the global economy could reach a stunning $16 trillion. The problem is not that there aren’t options to treat a disease such as depression; there are many. . . . The problem lies more in conventional drugs often being accompanied by negative side effects and doing more to mask the disease rather than get to the root of the condition.Toronto-based Cybin Inc. (NEO: CYBN) is developing technologies and delivery systems, aiming to improve bioavailability to potentially achieve the desired medicinal effects of psychedelics at low-dosage levels. In its latest move, the company acquired Adelia Therapeutics. The acquisition combines two talented management and scientific teams while also bringing an attractive intellectual property portfolio of seven patent filings with further IP development and expanding Cybin’s focus beyond treatment of MDD to include multiple indications.About Cybin Inc.Cybin is a mushroom life-science company advancing psychedelic and nutraceutical-based products. The company expects to launch psilocybin-based products in jurisdictions where the substance is not prohibited. Simultaneously, the company is structuring and supporting clinical studies across North America and other regions through strategic academic and institutional partnerships. For more information about the company, visit www.Cybin.com.NOTE TO INVESTORS: The latest news and updates relating to CYBN are available in the company’s newsroom at http://nnw.fm/CybinAbout NetworkNewsWireNetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)For more information please visit https://www.NetworkNewsWire.comPlease see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/DisclaimerNetworkNewsWire (NNW)
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