If you want an example of what the big money is doing in psychedelics, apparently Blackrock have just taken an initial position in CybinInc, $CYBN.
And remember last week Cathie Wood’s fund $ARKG bought an initial position in $ATAI which is run by Christian Angermayer. $ATAI are running a number a mental health trials using psychedelics and they also own 20% of Compass Pathways.
When the big money starts building positions it’s a very very good sign that the sector is getting traction.
IHL is in the box seat with 6 clinical programs and soon to be 7. OSA results imminent and the psychedelic sector starting to move.
