Arcadia Medicine, a San Francisco-based biotech company backed by Sam Altman, has received FDA approval to begin Phase 1 clinical trials of AM-1002, a reformulated version of MDMA designed to reduce neurotoxicity and cardiovascular side effects.
The company plans to initiate clinical trials for Generalized Anxiety Disorder treatment, with early-stage results expected within a year and eventual goals of at-home prescription use.
AM-1002 belongs to the empathogen class of psychoactive drugs and has been engineered to maintain therapeutic effects while minimizing traditional MDMA risks including overheating, high heart rate, and dehydration.
The company has secured $10 million in investment from notable tech industry figures including OpenAI's Sam Altman, Coinbase co-founder Fred Ehrsam, and Figma founder Dylan Field.