Psilocybin
An Interview with Psychedelic Investor Cody Shandraw
Cody Shandraw is a managing partner at Ambria Capital and Co-Founder of Healing REIT, both of which are working to provide better solutions to healthcare….
Cody Shandraw is a managing partner at Ambria Capital and Co-Founder of Healing REIT, both of which are working to provide better solutions to healthcare. Cody’s position gives him a unique view of the psychedelic industry and unparalleled insights.
- Why are you excited about psychedelics?
There are honestly so many reasons to be excited. I think the improved quality of life for millions of people struggling with mental/behavioral indications is what excites me the most. As we see 21 million people suffering from depression alone and the rates increasing year over year, the promise of a new treatment couldn’t be more exciting.
- What do you think the main appeal of psychedelics is for investors?
Billions of dollars have already been poured into this industry, so luckily for any new investors, you will know the real players in each vertical. A lot of the early investors like Iter, Negev, Palo Santo and such have forged the path for what a good investment or investor looks like. The guesswork has been drastically reduced.
- How do you see the psychedelic industry developing over the next ten years?
I see four distinct verticals being developed.
1. The Drug Development Route – Companies creating new chemical entities for specific indications.
2. The Medical Infrastructure – 10s of thousands of clinics will need to be built and or renovated for these new therapies to take place in. Think along the lines of dialysis centers or urgent care clinics, aka treatments moving out of the hospital.
3. The Technologies – Assistance with people pre and post-journeys and follow-ups on their recovery will ease the burden of healthcare workers.
4. The Natural Route – Across states, legislation similar to Oregon’s Measure 109 and Colorado’s Prop 122 is gaining approval, establishing a legal foundation for the immediate accessibility of psilocybin-assisted therapy. In these regions, the utilized medicine remains in its natural form, diverging notably from the synthetic alternatives currently under FDA development. The latter is expected to take an additional 3-4 years before becoming available for therapeutic use, creating a notable time difference in access to these therapeutic interventions
- What do you think will be the most transformative new psychedelic pharmaceutical to the market?
MDMA with MAPS. There are more than 3M diagnosed cases of PTSD every year in the US. We are coming out of a 20-year war in the Middle East, so I’m sure the number will continue to rise. The amount of additional issues created by PTSD for wives, husbands, children, brothers, and sisters of those suffering from it is awful. Right now, there are organizations like No Fallen Heroes (Matthew “Whiz” Buckley) and Heroic Hearts Project (Jesse Gould) doing the work with veterans and psychedelics, but with limited funding, they can only treat so many people.
- Do you anticipate any major hurdles for the industry?
Scaling treatments into existing infrastructure and training will be the biggest hurdles this industry faces, and there isn’t a close second. Look at how well Spravato did this year. Why is that? When Spravato was launched, less than 100 places in the country offered it. Today, there are over 2500 clinics in the US, and the drug is a blockbuster.
- How do you see the underground psychedelic culture coexisting with the emerging pharmaceutical side?
I think there is always going to be a certain demographic that doesn’t trust a “white coat” to provide treatment. Having options to choose the best treatment for you with trusted practitioners inside or outside a clinic is important to me. It doesnt do anyone any good to sling mud at either side of the aisle.
-
Psilocybin7 days ago
The Psychedelic Scene in Oaxaca, Mexico
-
Law & Regulation1 week ago
GH Research advances depression therapies, burns cash
-
Psychedelics1 week ago
MindBio Therapeutics Scientists Present Landmark Women’s Health Trials, Company to Release Phase 2A Depression Trial Secondary Data This Month
-
Psychedelics4 days ago
Numinus Wellness Focused on Boosting Profitability and Expanding Community Support
-
Psychedelics1 week ago
PharmAla Launches Prescriber’s Portal for Medical Professionals Focused on MDMA Therapy
-
Law & Regulation4 days ago
FDA to weigh safety, impact of MDMA therapy for PTSD at June meeting
-
Psychedelics4 days ago
MindMed Reports First Quarter 2024 Financial Results and Business Updates
-
Psychedelics6 days ago
Oprah Daily’s Comprehensive Guide to Psychedelics: A Milestone for Industry Acceptance