Wondermed pulls $4,600K out of a hole to ply you with ketamine – TechCrunch
Summary
For those of us whove been a little bit wobbly on the mental health front over the past couple of years, there are a bunch of options starting to crop up. Weve seen Mindbloom and Fieldtrip Health taking pole position, and recently, Wondermed announced it raised $4.6 million to join the ketamine-powered bandwagon.The services are all minor variations on a very similar theme. Suffice it to say; Im a little suspicious of how easy it is to get approved for at-home Ketamine treatment my experience with Mindbloom reminded me of the early days of the medical marijuana process, where youd essentially have to try pretty hard not to be approved but the mental health breakthroughs I experienced in the treatments are undeniable.Wonder Sciences is joining the rapidly filling market with its Wondermed product, and what it calls the most accessible ketamine solution on the market, which, as far as I can tell, is mostly based on price. For returning customers, Mindbloom costs around $230 per month), and Field Trip clocks in at $1,250 for a comparable at-home package (around $410 per month).On the one hand, Im whole-heartedly excited that these treatments are becoming more available, and Im curious whether this is the beginning of a race to the bottom from a pricing point of view, with the inevitable FDA/DEA intervention that is bound to follow.Whereas ketamine clinics often cost upwards of $1,500 per treatment and is delivered intramuscular or intravenously (i.e. an injection in your muscles via a drip straight into your bloodstream), at-home Ketamine is usually done by way of a pressed powder capsule that users hold in their mouth for a period of time to let it be absorbed sublingually (under the tongue).Recent clinical studies prove ketamines efficacy as a fast-acting therapeutic treatment option for anxiety and depression, especially compared to more traditional treatment methods. Were honored to play a role in impacting countless lives by helping people unlock their self-healing potential with a safe, scientifically-proven protocol.Wondermed is currently accepting patients in California, New York, Florida and Texas, and will be expanding into Illinois, Arizona and Connecticut later this quarter.