A 36-year-old CEO saw how psychedelics treated his best friend’s mental illness. Now his Peter Thiel-funded firm wants to bring the drugs to the masses

December 5, 2022 · Fortune

Florian Brand knows that there aren’t many people with his profile in biopharma. “You would probably consider me an outlier,” says the 36-year-old chief executive of Germany’s up-and-coming Atai Life Sciences. He doesn’t have a Ph.D. or any scientific background. His previous gig was running an online cookware retailer. But he does possess a history of profound experiences with mental health—experiences that left such an impression that four years ago he dropped everything to cofound Atai, a biopharmaceutical company now backed by investors including Peter Thiel and Cathie Wood. 

Berlin-based Atai is at the forefront of a broadening push to tackle mental health disorders with substances like psilocybin (“magic mushrooms”) and ketamine that have been illegal in many countries for decades. Atai employs an unusual “hub-and-spoke” model, acting as an umbrella for a collection of companies—that Atai either founded or bought a large stake in—each conducting trials on individual substances. Brand’s leadership of this unusual company has landed him on the latest Fortune 40 Under 40 list(Full Story)

In categories:Psychedelics Research
Next Post

Numinus In Strong Position To Capture US$2.5 Billion Psychedelic-Assisted Therapy Market

As the COVID pandemic broke open quite clearly, never has there been a greater need for innovation to treat psychological disorders. With the World Health Organization (WHO) declaring mental health disorders as the leading cause of disability worldwide – nearly a billion…
Read
Previous Post

How Psychedelics Can Transform End-of-Life Care

Welcome to State of Mind, a new section from Slate and Arizona State University dedicated to exploring mental health. Follow us on Twitter. If you’re on TikTok or Instagram, you may have encountered one of nurse Julie McFadden’s viral videos about all…
Read
Random Post

Marijuana dispensaries could replace two defunct Burlington County diners

The sites of two defunct South Jersey diners may soon go from serving breakfast to bud as cannabis businesses in the Garden State look to give them new life as marijuana dispensaries. Plans are underway to convert the closed Marlton…
Read
Random Post

From Perpetual Otherness To Artistic Triumph: Exploring Identity Through Psychedelic Art With SpookyGirl’s Andi Astra

Stepping into the world of illustrator Andi Astra, founder and creative director of SpookyGirl, a colorful home decor, art and apparel brand that boasts more than 150.000 social media followers, is like taking a journey to a different universe. From their…
Read
Random Post

Only One In 10 Ohio Prosecutors Say They’ll Seal Drug Records Under Reform Law, With Most Eyeing Relief For Marijuana Convictions, Study Finds

As Ohio voters prepare to decide on a marijuana legalization initiative on the November ballot, only about one in 10 Ohio prosecutors say they’re likely to take advantage of a separate recently enacted law that allows them to independently seal the records…
Read
Random Post

Marijuana Advocates Plan ‘Largest Bipartisan’ Push For Federal Reform At Pre-4/20 Event In D.C. As Rescheduling Decision Looms

A leading cannabis group is planning to mobilize the “largest bi-partisan coalition of cannabis advocacy, industry, and grassroots organizations” that will convene in Washington, D.C. to push for federal reform just ahead of the marijuana holiday 4/20 this year. Organized…
Read