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Psychedelic Pioneers Team Up As Sector Consolidates

Beckley To Acquire Eleusis

 
• By Kevin Grogan

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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