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This Biotech Stock Was a Winner Last Night

TheMotleyFool

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This Biotech Stock Was a Winner Last NightPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Biotech startup Compass Pathways (NASDAQ: CMPS) got good news in the U.S. election last night when Oregon became the first state in the nation to legalize the use of psilocybin -- the active ingredient in psychedelic mushrooms -- as a therapeutic treatment in mental healthcare.

Oregon Measure 109, named the Psilocybin Program Initiative, was approved with 56% of the vote, according to the Associated Press. Compass Pathways is in phase 2b of clinical trials for the use of psilocybin therapy to treat mental illness.

Source Fool.com

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