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Psilocybin trial shows moderate benefit for depression

June 24, 2025
Biotech Correspondent

Morning! Today, we talk about the readout of Compass Pathways' psilocybin trial for major depressive disorder, see more vaccine concern and turnover at the FDA, and report from the American Diabetes Association. 

The need-to-know this morning


psychedelics

Positive Compass therapy disappoints Wall Street

Compass Pathways said its Phase 3 trial of psilocybin for treatment-resistant depression met its primary endpoint, with a 3.6-point improvement on the MADRS scale over placebo — just above the company's predefined threshold of success.

But the modest effect size spooked investors, halving the stock's value on Monday; they had been looking for results closer to a 4-point improvement, as was seen in earlier studies. Safety data were encouraging, with no imbalance in suicidal ideation. The trial, the largest of its kind, remains blinded for 26 weeks, with more data expected later this year, STAT's Olivia Goldhill writes.

"The key finding here is safety," Compass CMO Guy Goodwin told STAT. The results, he said, were similar to studies of Spravato, Janssen's esketamine product, which would be a competitor should the Compass treatment ultimately win approval.

Read more.


oncology

A targeted therapy advances

From STAT's Matthew Herper: The biotech firm Nuvalent said this morning that new data indicate its targeted drug zidesamtinib could help patients with a rare form of lung cancer that has failed other targeted treatments.

For 1% to 2% of patients with non-small cell lung cancer, tumors test positive for alterations in a gene called ROS1. ROS1-positive tumors often respond to one of five targeted therapies on the market. Hopes for zidesamtinib and another targeted cancer medicine have led Nuvalent to have a market capitalization of $5.5 billion.

Nuvalent says zidesamtinib was designed to target ROS1 more specifically, causing less toxicity. Among 117 patients that had been treated with the drug in its hybrid Phase 1/2 trial, there was an objective response rate of 44%, meaning 51 patients saw the volume of their tumors shrink by at least a third on scans. Side effects included peripheral edema, elevated levels of a blood test used to track kidney function, constipation, and fatigue.

More here.


vaccines

RFK Jr.'s fractured vaccine policy concerns experts

The U.S. vaccination landscape is splintering under HHS Secretary Robert F. Kennedy, Jr., who has fired members of the CDC's advisory panel and replaced them in some cases with vaccine skeptics. This is prompting fears of eroded trust, falling vaccination rates, and the resurgence of preventable disease, STAT's Helen Branswell writes.

Long-standing national guidelines risk being supplanted by competing recommendations from professional societies like the AAP and ACOG, with no guarantee that insurers or federal programs will continue covering vaccines removed from official CDC schedules. This growing confusion that stems from politicized science could lead to diminished protection from dangerous diseases — particularly for vulnerable populations, experts warn.

"And that's what the public has to understand: That these diseases are here. They've never gone away," a former director of the CDC's National Center for Immunization and Respiratory Diseases said. "These are diseases that will come back quickly if we stop vaccinating for them."

Read more.


REGULATION

Another notable departure at FDA

Jacqueline Corrigan-Curay, acting head of the FDA's drug center CDER, is retiring in July, making yet another high-level departure under Commissioner Marty Makary. In an email to staff, Corrigan-Curay she made the decision after a vacation and called it "difficult," citing staff support during "challenging times."

Her exit follows a string of forced resignations and early retirements, as Makary and newly empowered deputy Vinay Prasad consolidate influence. Career scientists say they fear a continued erosion of expertise and autonomy, particularly after top gene therapy regulator Nicole Verdun was fired. Makary is reportedly eyeing ex-Amarin CEO Karim Mikhail as a replacement, STAT's Lizzy Lawrence writes.

Read more.



glp-1 drugs

GLP-1 drugs show promise in type 1 diabetes

A new trial suggests GLP-1 drugs like semaglutide could significantly improve blood sugar control and aid weight loss in people with type 1 diabetes using automated insulin delivery, research presented at the American Diabetes Association meeting shows. This is sparking calls for larger studies, STAT's Elaine Chen writes.

Thirteen of 36 participants on semaglutide met all endpoints, compared to none on placebo, with no increase in serious side effects like diabetic ketoacidosis. With over 60% of type 1 patients now overweight or obese, researchers say it's time to expand past insulin alone — especially as off-label GLP-1 use rises and pharma gears up for longer trials.

Read more.


vaccines

Vaccine developer raises $45M for influenza drug trial

From my colleague Allison DeAngelis: What are vaccine developers prospects under the leadership of Robert F. Kennedy Jr. and other vaccine skeptics? Well, some companies are finding they're still able to raise money from investors.

San Francisco startup Centivax has raised $45 million to further develop its lead drug, a universal flu vaccine, its chief executive told STAT. The company anticipates starting its first clinical trial for that vaccine early next year. Centivax is also advancing a universal antivenom.

Centivax isn't alone: Earlier this year, Curevo Vaccine raised $110 million from a group of VC firms.

These financings aside, many vaccine developers and proponents are still trying to read the tea leaves of the government's attitudes towards vaccines, particularly following the move to cut a $766 million contract to develop vaccines for future flu pandemics.


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Thanks for reading! Until tomorrow,


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