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New Research Finds Promise in Psychiatric Use Of Psilocybin North American Companies Explore Full Potential


(MENAFN - Baystreet.ca) A new study led by the Imperial College London s Centre for Psychedelic Research has yielded promising results for the use of psilocybin in psychiatric therapy.
Psilocybin, the psychoactive compound of magic mushrooms - was pitted up against popular SSRI (selective serotonin reuptake inhibitor) escitalopram. Results were measured through scoring tallied after surveying participants on their sleep, energy, appetite, mood and suicidal ideations.
The largely-negatively focused questionnaire attained similar results for both the SSRI and the psilocybin group - an already promising result. However, some markers that were not originally part of the study showed far superior results in the psilocybin group. Namely, measures of work and social functioning, mental well-being and the ability to feel happy. ....

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List of top psychedelics startups that raised the most funding in 2020


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The psychedelics industry has ramped up over the past year as institutional investors entered and several companies have gone public.
Insider identified the top 14 startups that are working to turn psychedelics into approved medicines for conditions like depression, opioid use disorder, and anxiety. 
To put together this article, we reached out to companies on our list from last year, used data provided by PitchBook, and talked to VCs in the space.
2020 was a booming year for the psychedelics industry.
Money swept through the private side of the space as big names like Atai Life Sciences closed record-breaking rounds of funding and more companies entered, hoping to take part in what could become a $100 billion market, according to a May 2020 report from Canac ....

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Bright Minds Biosciences Inc. Announces Marketed Public Offering