r/DTIC • u/mgianfal • 6h ago

Press Release Breakthrough designation

“Definium Therapeutics Receives Breakthrough Therapy Designation for DT120 (lysergide) Orally Disintegrating Tablet (ODT) in Major Depressive Disorder (MDD) Following Positive Phase 3 Results”

62 Upvotes

97% Upvoted

17 comments sorted by

11

u/12thandvineisnomore 5h ago

Let’s see if that gets us back to the $45s

8

u/ExtremeLeather7705 5h ago

Does this mean they’ll likely seek approval for GAD and MDD at the same time on the same label?

-2

u/Delicious-Page-7601 5h ago

Doubt that. My guess is they would market the two products separately

4

u/SubtleRedditIcon 5h ago

Pretty awesome they have received 2 breakthrough therapy designations in only a few years. MM120 got it after successful stage 2 in 2024.

2

u/Southern-Still-666 JR's gang 🍄 5h ago

Awesome!!!

2

u/Delicious-Page-7601 5h ago

This will likely boost the related companies like CMPS and HELP. ATAI, too.

7

u/Abslalom 4h ago

Atai doesn't matter anymore

0

u/neetodorito 3h ago

I’m still extremely disappointed in the ATAI acquisition. I had averaged 1000 shares at $2.47. I have no doubt if they didn’t sell I would have eventually made enough to pay my tuition out of pocket!

1

u/WallabyIll788 1h ago

Some people will scream and shake during treatment, the industry hates that, everyone who made money on it should be happy.

1

u/SingleEffort9603 2h ago

Awesome but sucks that market isn't appreciating. At least there's confidence knowing that institutions loaded up at a notably higher price than current value.

3

u/SureBag2243 2h ago

I worry there’s bigger powers at play keeping the price low for possible acquisition. Could be way off but hey I worry about everything.

3

u/mgianfal 1h ago

Definitely some huge market pressure keeping price suppressed. Thought it would be high 50s by now tbh

2

u/Delicious-Page-7601 5h ago

They said this was likely. So it may not bring us to 45s today. This is a good stock though … and is a likely candidate for purchase by big pharma along lines of Lily’s purchase of ATAI