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.