"Advocate Secures $100M for Medical Ecstasy Research"

1 min read
Source: The Wall Street Journal
"Advocate Secures $100M for Medical Ecstasy Research"
Photo: The Wall Street Journal
TL;DR

The Multidisciplinary Association for Psychedelic Studies (MAPS) has successfully raised over $100 million through a Series A private stock sale to fund the final phase of regulatory approval for MDMA (Ecstasy) as a treatment for post-traumatic stress disorder (PTSD). This significant financial milestone underscores the growing interest and investment in the therapeutic potential of psychedelics.

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