 Magic mushrooms, shrooms, ketamine, psilocybin, or whatever you want to call them, are the new frontier of mental health. Psychedelics are anticipated to be phenomenal in changing the landscape of how to treat many mental health disorders such as depression, anxiety, and addiction. According to market research site Fact.MR, the psychedelic drug market is expected to reach a valuation of $603.1 million this year. Growing at a 7% compound annual growth rate, the market could hit $1.18 billion by the end of 2034! With such a big market, one little-known biotech firm is aiming to bring promising psychedelic drugs to market and is currently in the final stages of getting a psilocybin drug approved by the FDA! This emerging Berlin-based company was the very first to have the idea to bring back psychedelics into the medical world. Some of these psychedelics, such as magic mushrooms (psilocybin) had been medically used in the last century for mental health issues. Despite political issues keeping these drugs out of the medical world for decades, they have been recently staging a major comeback. Something noteworthy about this company is that its pipeline and compounds are already in clinical trials! The company's drug candidates make it one of the strongest contenders to become a frontline leader in the psychedelics boom!
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