Subject category:
Strategy and General Management
Published by:
Harvard Business Publishing
Version: 1 February 2024
Length: 26 pages
Data source: Published sources
Abstract
This case follows Compass Pathways, a pioneering company developing treatment for depression based on psilocybin, the compound found in 'magic mushrooms.' Psilocybin was a federally illegal substance in the US, and a 'Schedule I' drug, defined as a drug 'with no currently accepted medical use and a high potential for abuse.' As the case opens in 2023, CEO Kabir Nath is preparing for the release of the company's Phase 3 clinical trial results, expected to lead to FDA clearance and the 're-scheduling' of the company's product. As Nath and his team prepare for commercialization, they grapple with decisions that balance short-term success and long-term sustainability in an uncertain, stigmatized industry.
Locations:
Industry:
Size:
< 50 million; Start-up
Other setting(s):
2023
About
Abstract
This case follows Compass Pathways, a pioneering company developing treatment for depression based on psilocybin, the compound found in 'magic mushrooms.' Psilocybin was a federally illegal substance in the US, and a 'Schedule I' drug, defined as a drug 'with no currently accepted medical use and a high potential for abuse.' As the case opens in 2023, CEO Kabir Nath is preparing for the release of the company's Phase 3 clinical trial results, expected to lead to FDA clearance and the 're-scheduling' of the company's product. As Nath and his team prepare for commercialization, they grapple with decisions that balance short-term success and long-term sustainability in an uncertain, stigmatized industry.
Settings
Locations:
Industry:
Size:
< 50 million; Start-up
Other setting(s):
2023