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Benzinga
Benzinga
Business
Lara Goldstein

Australia: An Initial $700K In Funding For Observational Trials Of Psychedelic-Assisted Therapies

Registered charity Mind Medicine Australia (MMA) seeks to help alleviate the suffering and suicide caused by mental illness through expanding novel treatment options to medical practitioners and patients. To that end, it has received new funding support for the development of observational trials of psychedelic-assisted therapies. 

The initial funding commitment of $690,600 (AU$1,000,000) will be provided by the Hunt Family Foundation, the largest available philanthropic grant for the rapidly emerging therapeutic psychedelics field in Australia. The charity intends to seek matching funding from other philanthropists, in order to leverage the impact of this initiative.

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