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ATAI Has A Majority Stake Within The Start-up Psyber For Brain-computer Interfaces • MV TELEGRAPH

ATAI Life Sciences, a Peter Thiel-supported biopharmaceutical company developing psychedelics for the treatment of mental health, has acquired a majority

Peter Thiel-Backed Firm Takes Majority Stake in a Brain Computer Interface Start-Up

ATAI, which describes itself as a drug development platform, was set up to acquire, incubate and develop psychedelics and other drugs that can be used to treat depression, anxiety, addiction and other mental health conditions. The Berlin-headquartered company founded in 2018 by entrepreneurs Christian Angermayer, Florian Brand, Lars Wilde and Srinivas Rao announced its majority stake in Psyber on Wednesday. It declined to specify what it offered Psyber in exchange for the majority stake. In theory, a brain computer interface allows direct communication between a human brain and an external device. ATAI said that Psyber s brain computer interface technology, which is in the early stages of development, could one day help patients understand how drugs impact activity in their brain, while also improving the efficacy and safety of its drugs.

Peter Thiel-Backed Firm Takes Majority Stake in a Brain Computer Interface Start-Up

Peter Thiel-Backed Firm Takes Majority Stake in a Brain Computer Interface Start-Up
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Peter Thiel-Backed Firm Takes Majority Stake in a Brain Computer Interface Start-Up

Peter Thiel-Backed Firm Takes Majority Stake in a Brain Computer Interface Start-Up
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Peter Thiel-backed firm takes majority stake in a brain computer interface start-up

Peter Thiel-backed firm takes majority stake in a brain computer interface start-up
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