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Shares of Compass Pathways (CMPS) are rising in premarket trading after the company collaborated with Osmind, one of the largest tech platform networks in the U.S. that supports interventional psychiatry practices offering psychedelic treatment to patients with mental health issues.
The news comes on the heels of President Donald Trump’s executive order to fast-track the FDA review of psychedelic treatments that can be used to cure post-traumatic stress disorder, among other mental health illnesses, and increased federal research funding for such options.
CMPS stock rose as much as 5% on Tuesday before the opening bell, following a 42% rally on Monday, which was its best day in 2026.
As part of the collaboration, the company will inform Osmind on how to administer its psychedelic treatment, COMP360, which currently has a “Breakthrough Therapy” designation from the FDA. COMP360 is a synthetic psilocybin therapy that is being explored to cure treatment resistant depression.
“Through this collaboration, we will support Osmind and their network to prepare for the potential delivery of psychedelic treatments, learning alongside them to better understand the needs of independent practices,” said Dr. Steve Levine, Chief Patient Officer at Compass Pathways. “Together, we aim to inform scalable, patient-centered care models that uphold the highest standards of quality as clinics nationwide prepare for the potential future delivery of COMP360.”
On Stocktwits, retail sentiment remained ‘extremely bullish’ while messaging volumes more than quadrupled over the last 24 hours.
One user on the platform believes CMPS is the only company that has the data needed to be FDA-approved.
CMPS stock has gained more than 37% so far this year, while the S&P 500 has risen about 4% over the same period.
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