Cybin Announces Appointment of Dr Amir Inamdar as Medical Director of European Operations and Dr Geoff Varty as Director of Research and Development
TORONTO – (COMMERCIAL THREAD) – Cybin Inc. (NEO: CYBN) (US NYSE: CYBN) (“Cybine“or the”Society“), a biotechnology company focused on advancing psychedelic therapies, is pleased to announce: the promotion of Lori Challenger to the position of Chief Compliance Officer, Ethics and Administration, and the promotion of Robert Mino as General Counsel Cybin is also announcing today his engagement with ROK Consulting, Inc., a leading capital markets communications company.
Dr Amir Inamdar is a trained psychiatrist and pharmaceutical physician with over 20 years of clinical and drug development experience, covering both the early and late stages. He has advanced numerous drugs, from preclinical development to early phase clinical trials, by designing and successfully performing proof of concept studies and leading teams to market authorization applications. Working in multiple indications in psychiatry, including schizophrenia, depression, bipolar disorder, treatment-resistant mental illnesses and substance use disorders, Dr. Inamdar has led multidisciplinary teams, providing strategic direction and clinical and scientific leadership.
Dr Inamdar is the recipient of several research and development awards for his work in clinical drug development. He previously worked at GlaxoSmithKline, where he developed a network of excellence in psychiatry and provided medical leadership to enable the development of drug candidates, from screening to proof of concept testing in various central nervous system indications.
While at Takeda, Dr Inamdar was a key member of a team that successfully obtained marketing authorization for an antipsychotic in Europe, advanced small molecules from candidate selection to first studies in humans and has led clinical teams in the treatment of resistant depression, narcolepsy, and anxiety.
Dr Inamdar joins Cybin from AstraZeneca, where he led a global program in Substance Use Disorders, successfully transitioning a small molecule from a preclinical active to a first clinical trial in humans and received a multi-million dollar grant from the National Institute on Drug Abuse for a project on substance use disorders.
Dr Inamdar completed his medical and specialist training in Psychiatry in India and was a resident in Nephrology and Coronary Care before moving to the UK, where he continued his training as a Pharmaceutical Physician and gained membership in the Faculty of pharmaceutical medicine.
Dr Geoff Varty is a highly experienced neuroscientist and drug discoverer with a proven track record in the progression of new molecular entities into clinical trials and ultimately to the patient. Dr Varty received his BSc in Pharmacology from the University of Manchester in the UK and a PhD. in neuropsychopharmacology at the University of Hertfordshire, where his research has focused on the development of behavioral models for psychosis and cognition, and on preclinical testing of new compounds. After postdoctoral research, Dr Varty began a career of more than 20 years in the pharmaceutical industry with scientific leadership and managerial positions in research and development at Schering Plow, Sanofi and Merck.
While at these companies, Dr. Varty led in vivo research in several areas related to the central nervous system, including pain, anxiety, depression, schizophrenia, Parkinson’s disease, and Alzheimer’s disease. Working with internal cross-functional teams, Dr. Varty has contributed to the clinical trials of several compounds, including adenosine A2A receptor antagonists, BACE inhibitors, metabotropic glutamate receptor modulators, and glutamate receptor antagonists. neurokinin NK1. One of these NK1 antagonists, SCH 619734 (rolapitant), has been shown to be effective in clinical trials and is approved and marketed as VARUBI for the treatment of chemotherapy-induced nausea and vomiting. During his time at Merck, Dr. Varty also managed the outsourcing of in-vivo studies for major therapeutic areas, in collaboration with selected contract research organizations, both domestically and around the world. Dr Varty has published his research in over 130 journal articles and abstracts.
The company is also pleased to announce the promotion of Lori Challenger to the position of Chief Compliance Officer, Ethics and Administration and the promotion of Robert Mino to the position of General Counsel.
Cybin is also pleased to announce that it has retained the services of ROK Consulting Inc. (âRepublic of KoreaÂ»), A leading investor communication and public relations company, to play a key role in helping the Company improve its market knowledge, its communication strategy and its engagement with the main players in the financial and institutional market.
ROK has agreed to comply with all applicable securities laws and the policies of all applicable stock exchanges in providing services to the Company. Under the terms of the ROK Commitment, which is for an initial period of three months, ROK will be paid US $ 500,000 per month (excluding applicable taxes) and will be granted options to acquire up to 500,000 common shares in the capital of the Company (the “Ordinary actionsâ) Exercisable at a price of CA $ 2.78 per share until December 31, 2022.
Cybin is a leading biotechnology company focused on advancing psychedelic therapies using proprietary drug discovery platforms, innovative drug delivery systems, novel formulation approaches and treatment regimens for psychiatric disorders.
Cautions and forward-looking statements
Certain statements contained in this press release constitute forward-looking information. All statements other than statements of historical fact contained in this press release, including, without limitation, statements regarding the future, strategy, plans, objectives, goals and targets of Cybin, and all statements preceded, followed or which include the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “could”, “could “,” Anticipate “,” estimate “,” anticipate “,” predict “,” project “,” seek “,” should “or similar or negative expressions thereof, are forward-looking statements. this press release include statements regarding the Company’s proprietary drug discovery platforms, innovative drug delivery systems, new formulation approaches and treatment regimens to potentially treat psychiatric disorders.
These forward-looking statements are based on reasonable assumptions and estimates of the management of the Company at the time these statements were made. Actual future results may differ materially, as forward-looking statements involve risks, uncertainties and other known and unknown factors that may cause the actual results, performance or achievements of the Company to differ materially from the results, performance or achievements. futures expressed or implied by these forward-looking statements. These factors include, among others: the implications of the COVID-19 pandemic on the Company’s operations; fluctuations in general macroeconomic conditions; fluctuations in the securities markets; expectations regarding the size of the psychedelics market; the Company’s ability to successfully achieve its business objectives; growth plans; political, social and environmental uncertainties; employee relations; the presence of laws and regulations that may impose restrictions on the markets in which the Company operates; and the risk factors set out in the Company’s management report for the period ended June 30, 2021 and the Company’s listing statement dated November 9, 2020, which are available under the Company’s profile at www.sedar. com and from US Securities and Exchange Commission on EDGAR at www.sec.gov. Although the forward-looking statements contained in this press release are based on what the management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with these. forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or expected. Readers should not place undue reliance on the forward-looking statements and information contained in this press release. The Company assumes no obligation to update forward-looking statements of beliefs, opinions, projections or other factors, if they change, except as required by law.
Cybin makes no medical, therapeutic or health claims regarding the products offered by Cybin. The United States Food and Drug Administration, Health Canada, or other similar regulatory authorities have not evaluated claims regarding psilocybin, psychedelic tryptamine, tryptamine derivatives, or other psychedelic compounds or nutraceuticals. The effectiveness of these products has not been confirmed by approved research. There can be no assurance that the use of psilocybin, psychedelic tryptamine, tryptamine derivatives or other psychedelic or nutraceutical compounds will diagnose, treat, cure or prevent any disease or condition. Vigorous scientific research and clinical trials are needed. Cybin has not conducted clinical trials for the use of its offered products. Any reference to the quality, consistency, efficacy and safety of potential products does not imply that Cybin has verified them in clinical trials or that Cybin will complete such trials. If Cybin cannot obtain the necessary approvals or research to market its business, it could have a material adverse effect on Cybin’s performance and operations.
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