$80m Raised Will Further the Development of Psilocybin Therapy

LONDON, April 27, 2020 /PRNewswire/ — COMPASS Pathways, a mental health care company, announced today that it has completed a successful $80m Series B investment round. This funding will expand upon COMPASS’s lead programme in psilocybin therapy for treatment-resistant depression, supporting research into additional indications for psilocybin therapy, advancing the company’s preclinical pipeline, developing digital technologies, and establishing new academic and clinical research partnerships.

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The Series B funding comes from existing investors, such as ATAI Life Sciences; and new investors, including the McQuade Center for Strategic Research and Development, LLC (a member of the global Otsuka family of pharmaceutical companies), Founders Fund, Able Partners, Camden Partners Nexus, Perceptive Advisors, Skyviews Life Science, and Soleus Capital. The fundraising