Psychedelic drugs are showing efficacy in clinical trials for a range of conditions, from post-traumatic stress disorder to depression. With the market expected to grow to $6.8 billion by 2027, psychedelics are attracting the attention of large biopharma companies looking to get in on a new growth area. For example, the drug MDMA, in 2021 was shown to have significant benefits in the treatment of PTSD when used in combination with in-patient therapy. As these drugs move from the medical fringes to the mainstream, they have attracted $1.8 billion in venture capital investment. Most big pharma companies have remained on the sidelines until regulators give their approval for a variety of treatments.
If you are interested in the future market for psychedelic drugs for medical purposes, this paper is a chance to find out which companies have taken the forefront in development.