The Daily Hit: October 31, 2024

The Daily Hit: October 31, 2024

News from: New York, Cookies Retail, Tennessee, Compass Pathways and more. The Daily Hit is a recap of the top financial news stories for Thursday, October 31, 2024. On the Site Report: New York could be a $6 billion market in just two years The New York market has been impacted with the explosion of […]

Compass cuts 30% of staff as late-stage psilocybin drug trials face new delays

Compass cuts 30% of staff as late-stage psilocybin drug trials face new delays

Compass Pathways (NASDAQ: CMPS) plans to cut about 30% of its workforce and halt early-stage research programs as the firm focuses resources on completing late-stage trials of its lead COMP360 program. The London-based company announced the restructuring alongside third-quarter financial results that showed a widening net loss of $38.5 million versus $33.4 million a year […]

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