With prominent backing from venture capitalists, including billionaire Peter Thiel, it’s not surprising that Atai Life Sciences ranks as the biggest biotech stock focused on psychedelic drugs. Want to compare brokerages? Atai Life Sciences Operates therapy centers and is developing psychedelic drugs based on MDMA (Ecstasy) and psilocybin.ĭeveloping four clinical-stage programs, including an intranasal ketamine drug. Market caps as of March 4, 2022.ĭeveloping multiple drugs based on psychedelic substances, including ibogaine and ketamine.ĭeveloping one psilocybin therapy, COMP360.ĭeveloping one clinical-stage psilocybin therapy, CYB001, with other psychedelic candidates in preclinical testing.ĭeveloping three clinical-stage programs, two of which focus on LSD, with the third including the psychedelic substance ibogaine. Here are six of the best psychedelic stocks: Data sources: Yahoo! Finance and company websites. However, many of them are growing rapidly. Because the area is still relatively new, most of the companies have relatively low market capitalizations. Best psychedelic stocksĪll psychedelic stocks are simply healthcare stocks that focus on the use of hallucinogens in treating diseases. Learn more below about six of the best publicly traded psychedelic companies on the market today. Whether you call them magic mushroom stocks, ‘shroom stocks, or psilocybin stocks, psychedelic stocks are hot right now. Cannabis was once on the fringe but is now a significant and growing industry. We’ve seen a similar phenomenon with marijuana stocks over the past several years. Several of these drugmakers are publicly traded, and they’re receiving increased attention from investors. Hallucinogens, including psilocybin, are showing considerable promise in treating illnesses such as depression and schizophrenia. Quite a few psychedelic pharmaceutical companies are developing drugs that follow the legal regulatory pathway to approval. Psychedelics have gone from countercultural fad of the 1960s to mainstream medicine in the 2020s.
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