Northwire Canada EditionFriday, October 16, 2026
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GOLD 4188.40 +0.4% SILVER 57.15 −0.0% COPPER 6.56 +0.1% OIL 98.94 +1.0% PALLADIUM 1115.50 −1.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% BVA 0.780 +2.6% ONAU 0.530 +1.9% FMR 0.225 +0.0% GSVR 0.350 +2.9% PHNM 0.345 +1.5% GOLD 4188.40 +0.4% SILVER 57.15 −0.0% COPPER 6.56 +0.1% OIL 98.94 +1.0% PALLADIUM 1115.50 −1.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% BVA 0.780 +2.6% ONAU 0.530 +1.9% FMR 0.225 +0.0% GSVR 0.350 +2.9% PHNM 0.345 +1.5%
Management

Cybin appoints Cola CEO

HELP · Price

Executive Summary

  • Cybin Inc., doing business as Helus Pharma, has appointed Michael Cola as its new Chief Executive Officer, effective immediately.
  • The appointment coincides with a pivotal phase in the company's development pipeline, specifically targeting key clinical milestones including Phase 2 data for HLP004 expected this quarter and Phase 3 top-line data for HLP003 in Q4 2026.
  • CEO Eric So highlights Cola’s background in neuroscience, commercialization, and capital markets as critical for leading the company’s transition from early clinical development to later-stage execution and global scale-up.

Key Details

  • Appointment: Michael Cola appointed as Chief Executive Officer of Helus Pharma (Cybin Inc.), effective immediately.
  • Pipeline Milestones:
    • Expected release of Phase 2 data for HLP004 this quarter.
    • Expected Phase 3 top-line data for HLP003 in the fourth quarter of 2026.
  • Intellectual Property: The company has filed more than 350 patent applications globally and has over 100 patents granted.
  • Strategic Focus: The company is shifting focus toward global regulatory engagement and long-term commercial planning as it moves from early clinical development to later-stage execution.
  • CEO Background: Michael Cola has over 30 years of experience in neuroscience, rare disease, and specialty pharmaceuticals, with senior leadership roles in R&D, commercialization, corporate strategy, and capital formation.
  • CEO Education: Bachelor’s degree in biology from Ursinus College; Master of Science in biomedical science and engineering from Drexel University; studied bioengineering at the University of Pennsylvania.

Notable Quotes

  • Eric So, Co-founder and Executive Chairman: "Michael brings a rare combination of deep neuroscience expertise, global commercialization experience and proven capital markets leadership... his track record of building first-in-class CNS franchises and scaling global organizations makes him uniquely suited to lead Helus as we work to translate our science into meaningful therapies for patients and long-term value for shareholders."
  • Michael Cola, CEO: "I am honoured to join Helus at a pivotal and energizing moment... With highly differentiated HLP003 clinical data already in hand and a robust pipeline of novel compounds in development, Helus is uniquely positioned to advance a new paradigm in the treatment of serious mental health disorders."
Read the original news release →

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