Helus Pharma Prices $50 Million Underwritten Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2026
0mins
Source: Newsfilter
- Offering Size: Helus Pharma has announced the pricing of an underwritten offering of 10,309,280 common shares at $4.85 per share, raising a total of $50 million, which is expected to close on June 25, 2026, providing crucial funding for the company's clinical development.
- Use of Proceeds: The company intends to utilize the proceeds to advance HLP003 into Phase 3 clinical trials for major depressive disorder, with data expected in Q4 2026, while also supporting the development of HLP004 and HLP005 programs, as well as general working capital.
- Regulatory Compliance: The offering is subject to customary closing conditions, including approvals from Cboe Canada and notification to Nasdaq, highlighting the company's commitment to regulatory compliance to ensure a smooth financing process.
- Strategic Focus: Helus Pharma is dedicated to developing novel serotonergic agonists to address the unmet medical needs of patients suffering from depression and anxiety, aiming to enhance the treatment landscape and strengthen its competitive position in the market.
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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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- Vireo Expands into Pennsylvania: Vireo Growth signs an agreement with Hive Holdings to acquire a retail license for approximately $20 million, allowing the establishment of up to six medical cannabis dispensaries in Pennsylvania, further expanding its footprint in the U.S. market.
- Optimi Health Export: Optimi Health completes its third commercial shipment of 1,000 capsules of 5mg psilocybin to Australia, reflecting growing demand for psychedelic treatments for treatment-resistant depression in the country.
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See More
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- Market Growth Potential: The global Major Depressive Disorder treatment market is projected to grow from approximately $20 billion in 2026 to nearly $36 billion by 2033, reflecting strong long-term demand and attracting billions in investment.
- Clinical Trial Progress: Helus Pharma's HLP003 has surpassed 88% enrollment in the Phase 3 APPROACH study for MDD, with topline data expected in Q4 2026, marking a significant step towards commercialization.
- 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.
- Strategic Partnerships: Helus Pharma has partnered with TARA Mind to enhance access to mental health treatment for veterans and collaborates with leading mental health organizations to support HLP003 Phase 3 recruitment, further expanding its market impact.
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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- Enrollment Milestone: Helus Pharma's HLP003 Phase 3 trial has surpassed 86% enrollment, keeping the FDA Breakthrough-designated program on track for a topline data readout in Q4 2026, indicating the company's potential in the mental health treatment space.
- 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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- Significant Trial Progress: Helus Pharma's HLP003 Phase 3 trial has surpassed 86% enrollment, keeping the FDA Breakthrough Therapy program on track for a topline data readout in Q4 2026, potentially offering a new treatment option for depression.
- 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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- Cost Savings Expectations: Merck KGaA anticipates achieving approximately €140 million in annual cost savings by the third year post-transaction, indicating significant operational efficiency gains that will further bolster the company's financial health.
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