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Naveen Rao's avatar

Hooray Neurotech!

The overlap between psychedelics and neurotechnology is already big and growing bigger.

On the clinical/care delivery side, last month, the biggest TMS vendor Neuronetics acquired the biggest TMS clinic, Greenbrook, who also happens to be the largest Spravato clinic provider as per J&J data.

Greenbrook's last 10-Q offers some great tea leaves; in 2023, as they cut their total clinics from 180 to 130, but meanwhile their total number of Spravato sites increased to 91. My take is that Greenbrook strategically cut underperforming TMS clinics to become a Spravato first company.

From their filing (August 2024): “Management believes that offering Spravato® treatments resulted in the capture of a wider range of patients suffering from treatment-resistant depression.”

So much additional synergy across indications, clinical models, emerging treatments...

And then the research side has enormous potential to generate value, as clinical trials measurement remains in the stone age, particularly for biomarkers pertinent to the psychedelic experience.

See here Amit Etkin's recent paper for Alto Neuroscience's POV on the use of neuroimaging for de-risking drug development and boosting stratification and eligibility screening:

https://www.nature.com/articles/s41386-024-01970-8

Thanks for featuring this topic Zach - let's find ways to collaborate on future analysis :)

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Tarik Najeddine's avatar

Given cannabis is a really weak psychedelic instead of a psychomotor depressant, I am surprised he thinks he's never had a trippy experience.

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