$40m psychedelic medicine institute launches in Melbourne

CANNANNEW REPORT

A world-first global research institute that aims to develop new pharmaceutical-grade psychedelic medicine to treat mental health disorders is launching in Melbourne on Friday. The Psychae Institute, a collaboration between researchers from leading world universities, plans to advance clinical studies of psychedelics, such as psilocybin, the active ingredient found in “magic mushrooms”; MDMA, also known as ecstasy; and DMT, an ingredient in South American psychoactive brew ayahuasca. More at  https://www.smh.com.au/national/40m-psychedelic-medicine-institute-launches-in-melbourne-20210728-p58dlo.html

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