UK-based Beckley Psytech, with its deep ties to drug policy think tank Beckley Foundation, is a for-profit company with a mission to help patients suffering from neurological and psychiatric disorders. The company is developing a pipeline of psychedelic compounds into licensed pharmaceutical medicines.
Beckley Psytech raises Series B funding
In a recent development, the biomedicine company announced that it has raised $80M (approx €67.89M) in an oversubscribed Series B round of funding. The round was initially set at $50M (approx €42.4M) and was upsized to $80M (approx €67.89M) due to interest from investors to support Beckley Psytech in broadening and accelerating the clinical development of its research pipeline.