Headquartered in Berlin, ATAI is aiming to make psychedelic drugs that can be used to treat mental health disorders. Recognify, meanwhile, is specifically aiming to make a drug that can be used to treat the cognitive impairment associated with schizophrenia, or CIAS.Peter ThielHeadquartered in Berlin, ATAI is aiming to make psychedelic drugs that can be used to treat mental health disorders.
However, Srinivas Rao, ATAI's co-founder and chief scientific officer, told CNBC via Zoom that Recognify had created a "very interesting" compound that's been shown to have benefits. Around 20 million people are affected by schizophrenia, according to the World Health Organization, which causes people to hear voices and see things that aren't real through hallucinations, and can also cause disorganized and confused thinking.from investors including Thiel in November ahead of a planned stock market listing this year. Total investment in the company now stands at over $210 million.
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