The Multidisciplinary Association for Psychedelic Studies Raises $30M to Complete MDMA Study
On Thursday, the Multidisciplinary Association for Psychedelic Studies (“MAPS”) reported it had collected $30 million in donations, which will be used in the completion of a study on the use of MDMA to help remedy PTSD, or post-traumatic stress disorder. MAPS stated that the funds would be used in the MDMA trials, which is a Phase 3 study, in a bid to secure approval from the FDA. The FDA had before identified MDMA, commonly referred to as ecstasy, as “breakthrough therapy” using earlier trials as their basis. In total, an estimated 2,500 individuals donated to help MAPS get to their…