psychedelic startups

psychedelic startups

Image courtesy of Tripp

Tripp, the Los Angeles-based virtual reality company simulating psychedelic experiences to alleviate depression and anxiety, has acquired VR meditation community EvolVR, it announced Thursday.

Financial terms of the deal were not disclosed. The acquisition comes seven months after Tripp announced an $11 million funding round, as dot.LA reported at the time.

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Once known as a club drug, ketamine is now available as an at-home depression treatment.

With at least $1,500 and a psychiatric prescription, Angelenos can order a concierge at-home I.V. service through The I.V. Doc.

The company is partnering with Pasithea, a Florida-based biotech company focused on therapies for psychological and neurological disorders to deliver treatments for those whose anxiety, depression or PTSD is too crippling for them to leave the house.

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Fifty years after President Nixon announced the war on drugs, changing cultural attitudes around psychedelics have led to a slew of decriminalization and legalization efforts across the U.S. The Food and Drug Administration is now reviewing psychedelic-based drug, a sea change from just a few years ago.

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