The Abandoned Frontier: Why Biotech Stopped Betting on the Brain
Depression and anxiety collectively disable tens of millions of Americans each year, yet the last genuinely novel class of psychiatric medication emerged more than a generation ago. As traditional pharmaceutical companies quietly retreated from neuropsychiatry, a combination of biological complexity, regulatory uncertainty, and risk-averse capital allocation created a treatment void that patients are still living inside. A new generation of researchers is now asking whether genomics, psychedelic