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News analysis

Personal mental health histories lead to investments in psychedelics research

Written by || 12th October 2021 || News analysis | Companies | Health and science | GeographiesCanada North America United States

Two North American entrepreneurs have put millions of dollars into exploring the treatment efficacy of psychedelics, based on personal experience of using them to help deal with their own mental health issues.

Toronto-based charity the Nikean Foundation has made a CAD $5m donation to research into the use of psychedelics at the Toronto University Health Network (UHN), while Journey Clinical of New York has raised USD $3m for research into psychedelic-assisted psychotherapy.

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Lorraine Mullaney

Senior writer
Lorraine is responsible for writing news analysis and assisting with copy-editing. Lorraine is a copywriter and editor who has written and edited words for a wide range of audiences, from local community newspapers to consumer magazines and trade websites.

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