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November 23, 2020

Peter Thiel backs psychedelic drug developer Atai in $125m raise

The biotech firm will use the funding to developing drugs including ketamine, MDMA and psilocybin


Freya Pratty

4 min read

Berlin, Germany, March 19, 2014. Hy! Summit - Image by Dan Taylor. www.heisenbergmedia.com

According to Florian Brand, cofounder of global biotech firm Atai Life Sciences, current mental health treatments are failing patients.

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The Atai Life Sciences team
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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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