07/17/2026
HOLY MOLY. This is the God Molecule- 5 meO-dmt we are talking about…..
Eli Lilly, maker of Zepbound and Mounjaro, is buying AtaiBeckley for up to $3.8 billion (roughly $2.8 billion upfront, plus $1 billion in milestones), marking one of the biggest bets yet on psychedelic medicine.
The deal hands Lilly BPL-003, a DMT-based nasal spray in late-stage trials for treatment-resistant depression, alongside another DMT compound and an MDMA-related asset, a full pipeline rather than a single drug.
Analysts see BPL-003 alone generating $1-2 billion in sales if trials succeed, with results expected in early 2029. The wider psychedelics market could hit $12 billion by 2034, rivaling today's branded antidepressant market (about $8 billion), per RBC Capital Markets.
The move follows Trump's April executive order speeding regulatory review of psychedelic treatments, and echoes AbbVie's 2025 deal for a Gilgamesh Pharmaceuticals compound. Shares of Enveric Biosciences and GH Research jumped on the news.
For decades, psychedelics were illegal, so there was no money in it for pharma. That left the underground, facilitators, researchers, and communities working outside the law, to carry the research, refine the practice, and prove the healing potential long before anyone in a boardroom cared.
So what do you make of this? Is it overall a positive that psychedelics are being commercialised and medicalised by big pharma? On one hand, it means wider access. On the other, it risks diluting traditional wisdom and overlooking the underground communities who risked their freedom to get us here.
Tell me what you're thinking.