Hedge fund billionaire Steve Cohen donated $5 million to psychadelic advocacy non-profit MAPS, which is working to get MDMA — also known as ecstasy or molly — approved by the FDA for PT…
New York Mets owner Steve Cohen and his wife dished out $5 million to fund the effort to bring mind-bending psychedelic drugs into the mainstream.
MAPS’ public-benefit-corporation subsidiary plans to submit a new drug application for MDMA — also known as ecstasy or molly — to the FDA later this year, the organization toldHedge fund billionaire Steve Cohen donated $5 million to psychedelic advocacy non-profit MAPS, which is working to get MDMA — also known as ecstasy or molly — approved by the FDA for PTSD treatment.
While Cohen was never personally charged, the hedge fund was ordered to pay a record $1.8 billion in 2013, and Cohen was banned from managing outside money for two years.
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