The Wall Street Journal: Silicon Valley and Wall Street Elites Pour Money Into Psychedelic Research

Summary: The Wall Street Journal reports on the successful completion of the Capstone Challenge, a fundraising effort to complete Phase 3 clinical trials of MDMA-assisted psychotherapy for PTSD. The article highlights multiple $1M+ donations and the support of the Psychedelic Science Funders Collaborative (PSFC) and author Tim Ferriss, illustrating the rapid mainstreaming of psychedelic research and fundraising. “Psychedelic research has been thought of as ‘fringe’ for a long time. But there’s nothing ‘fringe’ about PTSD,” says Bob Parsons, the MAPS donor who founded GoDaddy and PXG. “There are millions of people with PTSD in the U.S. alone, and that includes veterans like me, first responders like those on the front lines of the Covid-19 pandemic, and survivors of sexual assault and domestic abuse. All of them deserve better, significantly more effective treatment options than we give them today.”

Originally appearing here.