Translating Psychedelic Experiences Into Targeted Health Outcomes: Optimism And Concern
A panel of executives, academics and experts discussed the potential for psychedelic therapies, such as MDMA and psilocybin, to revolutionize behavioral health in a recent Demy Colton virtual salon. But with nearly 50 publicly traded companies now developing psychedelics, some panelists expressed concern about a rush to market, and “competition and domination” harshening the buzz.
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Lars Christian Wilde, a 2021 In Vivo Rising Leader, is president and co-founder of Compass Pathways, a psychedelic medicines company developing psilocybin for mental health disorders. An entrepreneur who began his career in finance before launching an athletics company, two cooking supply companies and an investment fund, among other achievements, Wilde describes himself as ‘a generalist who surrounds himself with amazing people.’
Prescription psychedelic drugs in development, and supply for the growing recreational and medicinal use markets globally, are creating new business opportunities in mental health.
Investigational uses of psilocybin and MDMA – two illicit drugs associated with recreational use and abuse in the US – will soon enter the later stages of clinical development for the treatment of CNS disorders including depression, addiction and post-traumatic stress disorder.