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'Psychedelics renaissance': Startups turning magic mushrooms into medicine are racing to go public

6 days ago   |   By Business Insider

Summary List Placement
The psychedelics industry is booming.
Compass Pathways , a London-based psychedelics giant, raised $146.6 million in its US initial public offering last month, and is valued at more than $1 billion. Psychedelics companies Field Trip Health and Havn Life Sciences recently started trading in Canada, following MindMed, which secured a Canadian listing in March.
Meanwhile, the psychedelics industry is drawing attention from biotech investors , as well as from cannabis companies looking for fresh opportunities.
The total market for psychedelics-related medicines could...
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Healthcare startups are racing to the public markets. The CEO of 98point6 shares why that didn't make sense and why decided to raise $118 million from private investors instead

Healthcare startups are racing to the public markets. The CEO of 98point6 shares why that didn't make sense and why decided to raise $118 million from private investors instead

6 days ago   |   By Business Insider

Summary List Placement
Just six months after raising $43 million in Series D funding, telemedicine startup 98point6 is back with $118 million in Series E financing, the startup said Thursday.
Investors L Catterton and Activant Capital led the latest influx of funding and came with an undisclosed valuation, cofounder and CEO Robbie Cape told Business Insider.
The startup, which provides virtual primary care through text messaging, wasn't actively seeking new funding, Cape said, so the new funds will be largely allocated to funding research and development of new tools and features...
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