Helus Pharma Closes $50 Million Underwritten Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 25 2026
0mins
Source: Newsfilter
- Successful Financing: Helus Pharma has successfully closed an underwritten offering of 10,309,280 common shares at $4.85 per share, raising a total of $50 million, which enhances the company's financial strength to support its R&D efforts.
- Investment in R&D: The net proceeds from this offering will be used to advance projects like HLP003, HLP004, and HLP005, particularly with Phase 3 clinical data for HLP003 expected in Q4 2026, indicating the company's strategic focus in the mental health sector.
- Market Expansion: The common shares were offered only in the U.S. and certain other jurisdictions, complying with the Multijurisdictional Disclosure System, which highlights the company's compliance and potential for international market expansion.
- Underwriter Support: Cantor and Barclays acted as joint bookrunning managers for the offering, reflecting market confidence in Helus Pharma, while the company paid $3 million in cash commissions to underwriters, further solidifying its relationships with financial institutions.
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Analyst Views on HELP
Wall Street analysts forecast HELP stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 5.890
Low
22.00
Averages
41.17
High
55.00
Current: 5.890
Low
22.00
Averages
41.17
High
55.00
About HELP
Cybin Inc. is a Canada-based clinical-stage biopharmaceutical company. The Company creates psychedelic-based therapeutics to address the unmet need for treatment options for people who suffer from mental health conditions. Its N, N-dimethyltryptamine (DMT) and dDMT programs create a dataset of systematic research on these psychedelic molecules. The Company is developing CYB003, a proprietary deuterated psilocybin analog for the treatment of major depressive disorder, and CYB004, a proprietary deuterated dDMT molecule for generalized anxiety disorder and has a research pipeline of investigational psychedelic-based compounds. CYB003 moves to Phase III and CYB004 moves to Phase II.CYB005 is in Preclinical stage. It has an intellectual property portfolio in the psychedelic drug development sector with over 80 patents granted and over 230 patent applications pending. The Company operates in Canada, the United States, the United Kingdom, the Netherlands, and Ireland.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Significant Efficacy: Phase 2 data for HLP003 demonstrated a ~23-point reduction in MADRS score at 12 months after two 16mg doses, achieving a 100% response rate and 71% remission rate, indicating its potential in treating treatment-resistant depression.
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See More
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- Cautious Market Reaction: The worsening financial situation has dampened investor confidence in Cybin, potentially leading to downward pressure on stock prices, especially as the company has yet to achieve profitability, making the market outlook more cautious.
- Leadership Changes Impact: Helus Pharma's CEO Michael Cola has stepped down, with Eric So taking over as interim CEO, creating uncertainty in the company's strategic direction, which may affect investor confidence in future growth prospects.
- Funding Initiative Launched: Helus Pharma successfully priced a $50 million public offering at $4.85 per share, providing essential funding to support operations and drive future growth amid competitive market conditions.
See More
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- Clinical Trial Significance: Eric So noted that the continued enrollment progress underscores the execution of the clinical program, bringing them closer to the anticipated topline data release, which could provide a transformative treatment option for patients with major depressive disorder, enhancing the company's position in a competitive market.
- FDA Breakthrough Designation: HLP003 has received FDA Breakthrough Therapy Designation, aimed at expediting development and review, signaling significant improvement potential in treating major depressive disorder, thus boosting investor confidence in the program.
- Strong Market Demand: Major depressive disorder affects hundreds of millions globally, with traditional treatments offering limited relief; if HLP003 can validate its efficacy in Phase 3 trials, it could reshape the management of depression.
See More
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- Clinical Data Highlights: HLP003 demonstrated substantial efficacy in Phase 2 trials, with a ~23-point reduction in MADRS scores at 12 months, and an 18-week response rate of 75%, improving to 100% at 12 months, laying a solid foundation for the upcoming Phase 3 trial.
- Strong Market Demand: With millions affected by major depressive disorder and existing treatments often inadequate, HLP003's fast-acting, neuroplasticity-oriented approach could reshape depression management, addressing the urgent need for novel therapies in the market.
- Far-reaching Strategic Implications: The Breakthrough Therapy designation accelerates HLP003's development, positioning Helus Pharma to carve out a niche in a competitive landscape, and successful Phase 3 data could pave the way for future commercialization efforts.
See More
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