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· Posted on
February 21, 2024

From Pilbara to pills - Andrew Forrest's investment group is launching a new health-tech fund and MDMA research is top of the pops

Andrew Forrest's investment group is launching a new venture capital business focused on health-tech and it's investing in MDMA research.

What's the key learning?

  • Andrew Forrest's investment group Tattarang, is launching a $250 million new venture capital business focused on health-tech
  • One of its first investments is in a Perth-based company called Emyria that works on MDMA-based therapies
  • MDMA and other psychedelic drugs are now poised to enter the mainstream of modern medicine

👉 Background: Andrew ‘Twiggy’ Forrest is the Aussie mining magnate known for founding Fortescue Metals Group. These days, he’s best known for his private investment group Tattarang.

👉 What happened: Tattarang, which owns farms. hotels and RM Williams is launching a $250 million new venture capital business focused on health-tech.

👉 What else: And one of its first investments is in Emyria, a Perth-based company working on MDMA-based therapies.

What's the key learning?

💡After decades of being dismissed for political reasons, MDMA and other psychedelic drugs are now poised to enter the mainstream of modern medicine.

💡 And it makes a whole lot of sense. Psychedelic drugs are showing some signs that they may be able to help with many cases of mental illnesses like depression and PTSD.

💡 The psychedelics market is predicted to be worth over $6.3 billion by 2026.So, we can see why Twiggy would want to get in on this industry.

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