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In the year ending in November 2nd, 2020, will the combined U.S. investment in psychedelics research and psychedelics-focused startups exceed $100M?
Psychedelics are a class of drug whose primary action is to trigger psychedelic experiences via serotonin receptor agonism, causing thought and visual/auditory changes, and altered state of consciousness. Common psychedelic drugs include mescaline, LSD, psilocybin and DMT.
Many psychedelic drugs are illegal worldwide under the UN conventions, occasionally excepting use in a religious or research context. Despite these controls, recreational use of psychedelics is common, with Krebs and Johansen, 2013 estimating that there are over 30 million psychedelic users in the United States.
This year, a group of private donors has given $17 million to start the Center for Psychedelic and Consciousness Research at Johns Hopkins Medicine, to start, what is claimed to be the first such research center in the U.S. and the largest research center of its kind in the world (John Hopkins, 2019).
The corporate side has also taken interest in psychedelics. In March, pharmaceutical and consumer goods firm Johnson & Johnson received FDA approval for a new nasal spray using esketamine, a derivative of ketamine, to help treat patients suffering from depression. Similarly, Atai Life Sciences has reportedly raised $25 million to finance research on the effects of psychedelics and other drugs on depression and other mental illnesses.
In the year ending in November 2nd, 2020, will the combined U.S. investment in psychedelics research and psychedelics-focused startups exceed $100M, in 2019 USD?
This question resolves positively if credible news reports or credible financial reports indicate that the combined U.S. investment in psychedelics research and psychedelics-focused startups exceed $100M. Psychedelics here include:
- Serotonergic psychedelics, such as psilocybin, psilocin and LSD;
- Empathogens, such as MDMA;
- Dissociatives, such as ketamine.
Note that this list excludes cannabinoids. U.S. investment here is taken to mean investment (by any party) in companies registered in the U.S., research organisations registered in the U.S. Note: admins should take care to avoid double counting in case U.S., companies receive funding to subsequently fund research by U.S. research organisations.
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