UK-based Beckley Psytech is developing a pipeline of psychedelic compounds to eventually create licensed pharmaceutical medicines for neurological and psychiatric disorders including short-lasting unilateral neuralgiform headache attacks (SUNHA), treatment-resistant depression (TRD) and other rare and more common conditions. Its current research is focused on well-characterized psychedelic agents such as psilocybin, but it plans on developing other under researched psychedelic agents as well as new improved versions of existing psychedelics.
The company is currently conducting a Phase 1b trial with low-dose psilocybin to treat SUNHA, and plans to initiate Phase 1 trial with a novel formulation of intranasal 5-MeO-DMT for treatment-resistant depression (TRD).
Funding and financials
Beckley Psytech was formed in 2019, out of Beckley Foundation, a well-established think tank in psychedelic research. In January 2024 , the company raised USD 50 million in strategic investment from Atai Life Sciences. The new funds were allocated towards speeding up the development of Beckley Psytech’s clinical-stage, patent-protected psychedelic candidates, BPL-003 and ELE-101.
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