Tryp Therapeutics (CSE: TRYP) (OTCQB: TRYPF), a clinical-stage biotechnology company focused on developing psilocybin-based compounds for diseases with unmet medical needs, has announced the results gathered from the first patient dosed in its phase II STOP clinical trial. According to the announcement, initial data indicates that psilocybin and psilocybin-related compounds such as Tryp’s TRP-8802 have potential for the treatment of binge eating disorder (“BED”). The trial, titled STOP for Study of the Treatment of Overeating utilizing Psilocybin, is being conducted in collaboration with the University of Florida and is the first use of psilocybin in conjunction with psychotherapy as a therapeutic intervention in patients with BED. Specific results show that immediately following the post-dosing integration session with the trial’s psychotherapists and continuing throughout the four-week time period post dosing, the first patient in the STOP trial exhibited significant results, including reduced overall anxiety, reduced anxiety around food, reduced compulsion to overeat, and improved self-image and confidence; in addition, there were no drug-related adverse events observed throughout the four-week period. These results align with those seen in similar clinical studies. The patient will continue to be monitored for an additional eight weeks. “While we are mindful to not draw too many conclusions from the first patient at four weeks, we are excited with the results to date and look forward to the potential replication of these results in additional patients,” said Tryp interim CEO and chief scientific officer Jim Gilligan in the press release. “Based on our understanding of psychotherapy in BED patients and our discussions with our colleagues at the University of Florida, we believe that the improvements witnessed in this patient following a single intervention with TRP-8802 in combination with tailored psychotherapy are on par with what might be possible in 12 months of extensive psychotherapy alone.”

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About Tryp Therapeutics Inc.

Tryp Therapeutics is a clinical-stage biotechnology company focused on developing psilocybin-related molecules, including TRP-8803, for the treatment of diseases with unmet medical needs through accelerated regulatory pathways. Tryp’s Psilocybin-for-Neuropsychiatric-Disorders, or PFN(TM) (“PFN”), program is focused on the development of synthetic psilocybin-related molecules as a new class of drug for the treatment of binge eating, chronic pain and other indications. The company has begun enrolling patients in its phase II trial for the treatment of binge eating disorder at the University of Florida and recently announced an upcoming phase IIa clinical trial with the University of Michigan to evaluate TRP-8802 for fibromyalgia. TRP-8803 is a proprietary psilocybin-based product that uses a novel formulation and route of administration to potentially improve efficacy, safety and the patient experience. For more information about the company, please visit www.TrypTherapeutics.com.

NOTE TO INVESTORS: The latest news and updates relating to TRYPF are available in the company’s newsroom at https://ibn.fm/TRYPF

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