Canadian tech entrepreneur and venture capitalist Sanjay Singhal gives $5 million to help launch a new psychedelic psychotherapy research centre for mental health at Toronto’s University Health Network.
TORONTO -- Canadian tech entrepreneur and venture capitalist Sanjay Singhal was in his early 30s when he was first diagnosed with bipolar disorder. It had been a lifelong struggle -- one moment feeling great, then suddenly mentally paralyzed and unable to get out of bed for three straight days.
“I was very aware of what mental illness can do,” he said in his very first on-air interview about the subject and his personal struggles with it. But Singhal is quick to note that at the Canadian research centre, psychedelic medicine will only be used alongside therapy in a controlled setting. “There truly is a signal that there is something to this. And, really, every major academic center in mental health in the world is trying to begin to conduct research in psychedelic, particularly psychedelic assisted psychotherapy.”
It also hopes to research a separate psychedelic called 5-MeO-DMT, also called “The God Molecule'' due to the profound psychoactive effects on the user, as a potential therapy for PTSD. Found in a wide variety of plants, it is also secreted by the glands of the Sonoran Desert Toad. It is illegal in the United States and Canada . BuzzFeed News once described it as
Singhal’s original intent when he decided to try psilocybin as a therapy was to find out why he sometimes drank too much and to get a handle on that aspect of his life. He had already been seeing a therapist for 20 years, and while it has helped him get through some of the most depressed periods of his life, psilocybin was different. Suddenly, he felt liberated, he said.
5-MeO-DMT lasts just 15 minutes, which makes potential treatment significantly more affordable, he said.
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