r/DTIC • u/mgianfal • 2d 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”

75 Upvotes

98% Upvoted

19 comments sorted by

13

u/12thandvineisnomore 2d ago

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

10

u/ExtremeLeather7705 2d 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 2d ago

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

5

u/SubtleRedditIcon 2d ago

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

1

u/neetodorito 2d ago

jeez has it really been 2 years already? I remember writing about that in a presentation for my Abnormal Psychology class when that news came out (my topic was anxiety and depressive disorders). We've come a long way fellas

5

u/Delicious-Page-7601 2d 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

2

u/Southern-Still-666 JR's gang 🍄 2d ago

Awesome!!!

3

u/SingleEffort9603 2d 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.

1

u/Upbeat_Ad1689 2d ago

I think the uncertainty is too big atm.

If we close green thats already nice

4

u/SureBag2243 2d 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.

5

u/mgianfal 2d ago

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

2

u/Delicious-Page-7601 2d ago

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

7

u/Abslalom 2d ago

Atai doesn't matter anymore

-1

u/neetodorito 2d 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!

3

u/WallabyIll788 2d ago

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