Cybin completed the acquisition of Small Pharma for $32m.

Cybin, a clinical-stage biopharmaceutical company committed to revolutionizing mental healthcare by developing new and innovative psychedelic-based treatment options, completed the acquisition of Small Pharma, a biotechnology company focused on short-duration psychedelic therapies for mental health conditions, for $32m. "This transaction creates a clear market leader in novel psychedelic therapeutics. The synergy of Cybin’s and Small Pharma’s development programs, intellectual property, and robust datasets enhances our leadership and expertise in developing potentially best-in-class, optimized psychedelic therapeutics, and positions the combined company to generate long-term value for all stakeholders. Our combined portfolios, having an increased number of potential value-catalysts, also create added opportunities to support future funding activities with no added debt. We look forward to welcoming our Small Pharma colleagues into the Cybin team,”​ ​Doug Drysdale, Cybin Chief Executive Officer.