5 Best Psychedelic Stocks to Buy Now

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In this article, we discuss the 5 best psychedelic stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Psychedelic Stocks to Buy Now.

5. Cybin Inc. (OTC: CLXPF)

Cybin Inc. (OTC: CLXPF) stock has returned more than 3,485% to investors in the past twelve months. The firm operates as a life sciences company concentrating on the development of psychedelic drugs. It is ranked fifth on our list of 10 best psychedelic stocks to buy now. Some of the leading drug candidates of the firm include CYB001 and CYB003. The former is a treatment for major depressive disorder while the latter aims to tackle alcohol use disorder. 

In early July, Cybin Inc. (OTC: CLXPF) announced that it had entered into an agreement with TMS NeuroHealth Centers to establish Mental Health Centers of Excellence that would facilitate research and development of innovative psychedelic therapies. 

In late March, Cybin Inc. (OTC: CLXPF) had revealed that it signed a deal with Catalent, a US-based biopharma firm, for use of Zydis orally disintegrating tablet technology. The new tech would be used as a delivery mechanism for the CYB003 drug being developed by Cybin. 

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