Cybin sees third-quarter loss on R&D costs, advances clinical programs

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Clinical-stage biotech Cybin Inc. (NYSE: CYBN) reported a net loss of $10.5 million for its fiscal third quarter ending Dec. 31, but highlighted progress in its lead drug development programs targeting major depressive disorder and anxiety.

The quarterly loss narrowed significantly from $30.3 million in the same period last year. Research…

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