Investor Tim Ferriss funds world’s first research center on psychedelics in London

May 25, 2019

The magic mushrooms of the Ecuadorian Andes are said to be the most potent in the world.

By Erin Brodwin

One podcast episode was all it took to hook the best-selling author and investor Tim Ferriss on the topic of psychedelics.

For one of his recent shows, Ferriss interviewed author Michael Pollan about his latest book, “How to Change Your Mind,” which details Pollan’s experiences trying several psychedelic drugs including magic mushrooms and LSD. After talking through Pollan’s trips and diving into the science of how the drugs appear to impact the brain, Ferriss’ interest was piqued.

On Friday, with Ferriss’ financial backing, researchers will open the doors to the world’s first research hub dedicated exclusively to psychedelics.

Author and investor Tim Ferriss

Located in London, the Imperial Center for Psychedelic Research will be home to scientists studying the potential to turn drugs like ecstasy, magic mushrooms, and LSD into approved medical treatments. Scientists will focus on addressing severe brain diseases which remain difficult to treat, such as depression and the eating disorder anorexia.

“Current treatments aren’t cutting it. They’re not making the difference we need,” Robin Carhart-Harris, the head of the new center and a neuroscience and pharmacology researcher at London’s Imperial College, told Business Insider.

The center’s other funders include Canadian businessperson and founder of audiobooks.com Sanjay Singhal, banker-turned-philanthropist and Google advisor Shamil Chandaria, British executive Anton Bilton, and venture capitalist Bohdana Tamas.

While psychedelics like ayahuasca have played a medical and spiritual role in indigenous cultures across the globe for centuries, the new center will be the first formal hub of its kind.

“These compounds may help treat intractable conditions affecting tens of millions of people, and they may help us better understand the nature of consciousness itself,” Ferris said in a statement.

Renewed interest in psychedelics as medicine

The center’s opening comes on the heels of a flurry of renewed interest in psychedelics’ potential to treat thorny brain diseases like depression.

Up until last month, there had been essentially only one kind of federally-approved antidepressant for decades. That drug is a pill called an SSRI. It is commonly sold under brand names like Lexapro and Prozac. But in March, the US Food and Drug Administration approved the first new non-SSRI depression drug: a nasal spray inspired by the semi-psychedelic drug ketamine.

“Things have really started to gain momentum,” Carhart-Harris said.

With nearly $4 million from its five founding donors, the center’s researchers also aim to open a clinic. Ideally, the clinic would function as a prototype for future psychedelic medical facilities. Carhart-Harris said he hopes the space could serve simultaneously as a clinic for treating illness and also for helping to keep healthy people well.

Building on a foundation of pioneering work on psychedelics

In Carhart-Harris’ view, the new center will help build on a foundation of pioneering efforts into studying psychedelics’ medical potential.

Under his leadership, scientists at Imperial College were the first to study whether psilocybin, the main psychoactive component of magic mushrooms, had a positive impact on patients with severe depression. They were also global leaders in exploring the impacts of LSD on the human brain using modern brain-imaging technology.

Based on that work, researchers in New York and Baltimore launched their own clinical trials designed to further probe the drugs’ therapeutic potential. They’ve now studied psilocybin in cancer patients facing severe anxiety about death; ecstasy in veterans with PTSD; and ayahuasca in people with depression.
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Credit: Business Insider, www.businessinsider.com

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