Yeji Jesse Lee
Yeji Jesse Lee
Korean-Canadian covering cannabis & psychedelics @businessinsider @thisisinsider | formerly @globeandmail @Newsday @columbiajourn | ylee@insider.comSource
New York City, NY
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What to know about the booming psychedelics industry, where companies are racing to turn magic mushrooms and MDMA into approved medicines

What to know about the booming psychedelics industry, where companies are racing to turn magic mushrooms and MDMA into approved medicines

The psychedelics space is booming. Over the past few years, startups focused on turning psychedelic compounds into approved medicines have raised hundreds of millions of dollars from private investors and dozens have gone public. Research on compounds like psilocybin, the active compound found in magic mushrooms, and MDMA is resurfacing after years of neglect amid the war on drugs. As companies get closer to receiving approval from the Food and Drug Administration to bring their psychedelic treatments to patients, they've also been planning out their patent strategies to carve out their...

Jan 14
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