AJNA BioSciences, based in Colorado, is developing a full-spectrum psilocybin 'novel antidepressant' and aims to capture a high single-digit percentage of the growing psychedelic drugs market, estimated to grow by more than 12% annually through 2027. The company is standardizing botanical materials to meet strict FDA guidelines and is the first biotech company working with botanicals under a DEA Schedule-1 license. AJNA's research team, led by scientists from Harvard, Johns Hopkins, and NYU, is conducting clinical trials similar to large drug manufacturers, focusing on FDA approvals to ensure market acceptance and insurance reimbursement. The company is currently raising capital through a crowdfunding round on Wefunder.