Psychedelic Pioneers Team Up As Sector Consolidates

Beckley To Acquire Eleusis

The psychedelics sector has been hit hard by lack of funding options of late but the prospects for Eleusis, which had to terminate a SPAC merger in the summer, look brighter with its acquisition by Beckley Psytech.    

Psilocybin is commonly found in Magic mushrooms • Source: Shutterstock

As the psychedelics sector evolves from a stigmatized countercultural phenomenon into a scientifically robust industry, two of its leading players – Beckley Psytech and Eleusis Therapeutics – are joining forces.

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