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A comment on California study begins screening for MDMA-assisted therapy for PTSD. Parent comment

Re:California study begins screening for MDMA-assisted thera... by clsec on Wednesday March 30, 2022 @09:23AM (#30854867)
MAPS is not a pharmaceutical company! MAPS stands for Multidisciplinary Association for Psychedelic Studies. It is a non-profit 501(c)(3).

https://maps.org/about-maps/

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Re:California study begins screening for MDMA-assisted thera... by sjburt on Wednesday March 30, 2022 @11:17AM (#30856350)
Agreed that they are not a pharmaceutical company, but the Phase 3 trial is being sponsored by MAPS PBC which is the for-profit subsidiary and I assume has some sort of revenue motive.
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Re:California study begins screening for MDMA-assisted thera... by pmoriarty on Wednesday March 30, 2022 @12:03PM (#30857082)
The for-profit subsidiary is 100% owned by the non-profit.

Here's what Rick Doblin, the founder of MAPS had to say about this:

"MAPS has started the MAPS Public Benefit Corporation, which is for-profit corporation. It's 100% owned by the non-profit, but still we have a for-profit arm, and the goal of that is to sell MDMA at a profit and then whatever the profits are to fuel more research and more public education."[1]

[1] - From about 54 minutes in to https://www.youtube.com/watch?v=xZxRxJrSSPg

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