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Technology & Innovation· Pulse

Eli Lilly Just Paid $3.8 Billion to Bet That Depression's Next Blockbuster Looks Like DMT

Big Pharma didn't wait for psychedelic therapy to get easy, cheap, or fully de-risked. It just bought a seat at the table — the second nine-figure-plus deal in the sector in under a year.

Eli Lilly's up-to-$3.8 billion acquisition of AtaiBeckley, weeks after FDA finalized psychedelic clinical trial guidance, signals mainstream pharma is done waiting on the sidelines of psychedelic medicine.

Jul 312 minRead
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