Compass Pathways

Compass Pathways

CMPS
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CMPS · Stock Price

USD 9.39+3.98 (+73.57%)
Market Cap: $1.3B

Historical price data

Market Cap: $1.3BFounded: 2016HQ: London, United Kingdom

Overview

Compass Pathways is a clinical-stage biotech company on a mission to accelerate patient access to evidence-based innovation in mental health. Its core strategy is the development of COMP360, a proprietary synthetic psilocybin, integrated with psychological support, currently in a global Phase 3 program for treatment-resistant depression (TRD). The company aims to establish a new paradigm in mental healthcare by addressing conditions where existing treatments are inadequate, leveraging rigorous science and a patient-centric approach.

PsychiatryMental Health

Technology Platform

Proprietary, high-purity synthetic psilocybin (COMP360) integrated with a standardized, psychologically supported therapeutic protocol and digital/training infrastructure.

Funding History

3
Total raised:$251.6M
IPO$146.6M
Series B$80M
Series A$25M

Opportunities

The primary opportunity is addressing the massive, underserved global market for treatment-resistant depression, with potential expansion into PTSD and anorexia nervosa.
Success could establish a new, high-value treatment paradigm in mental health and position Compass as a sector-defining leader.

Risk Factors

Key risks include clinical trial failure in ongoing Phase 3 studies, regulatory hurdles due to psilocybin's controlled substance status, challenges in achieving payer reimbursement, and scaling a complex therapy delivery model.
Intellectual property protection for a known molecule is also a significant risk.

Competitive Landscape

Compass is a clinical leader in pharmaceutical-grade psilocybin development, with its main competition from public biotechs in earlier stages (e.g., Cybin, MindMed) and non-profit research institutes. Its competitive moat relies on regulatory exclusivity, protocol patents, and a vertically integrated delivery system.

Company Timeline

2016Founded

Founded in London, United Kingdom

2018Series A

Series A: $25.0M

2020IPO

IPO — $146.6M

2020Series B

Series B: $80.0M