CaaMTech
CaaMTech is a US psychedelic drug discovery company based in Issaquah, Washington, focused on novel tryptamine chemistry. Founded around 2018, the company raised $22M in a 2021 Series A and holds a CRADA with NIH/NIDA and a research collaboration with UMass Dartmouth. Its two flagship compound series are Prophoria™ (4-AcO-DMT analogues) and Amphoria™ (4-HO-MiPT analogues), which the company is developing as improved psychedelic therapeutics with potentially more targeted and safer profiles than existing compounds.
Development Programmes
1CT-4201 (Psilocin Prodrug)
PsilocybinMajor depressive disorder
Programme Tracker
Major Depressive Disorder (MDD)
IND-enabling studies; FDA endorsed functional unblinding strategy for clinical trials (November 2024); Phase 1 anticipated
Milestones
Funding milestone
CompletedActual: Sep 8, 2021
$22M Series A led by Noetic Psychedelic Fund
Why it matters: Substantial Series A provides multi-year runway for IND-enabling studies and initial clinical development. CaaMTech holds 50+ patents across novel tryptamine chemistry — one of the largest psychedelic IP portfolios in the industry.
regulatory-designation
CompletedActual: Nov 14, 2024
FDA endorses functional unblinding strategy for CT-4201 in MDD clinical trials
Why it matters: Functional unblinding is a critical trial design challenge for psychedelic drugs — patients can typically tell if they received the active dose. FDA endorsement of CaaMTech's blinding strategy clears a major regulatory hurdle that has troubled other psychedelic sponsors. This positions CT-4201 for a rigorous, double-blind Phase 1/2 design.
Company milestone
CompletedActual: Jan 1, 2025
Research paper published with NIDA, RTI International, UMass Dartmouth, and Medical College of Wisconsin on tryptamine structure-activity relationships
Why it matters: Multi-institutional NIDA collaboration validates CaaMTech's tryptamine chemistry expertise and builds the scientific foundation for CT-4201 and the broader pipeline.
Company milestone
CompletedActual: Apr 22, 2025
Spun out Transneural Therapeutics Inc. to develop non-hallucinogenic neuroplastogens (TN-001: dual 5-HT2A partial agonist / 5-HT2B antagonist for MDD/PTSD)
Why it matters: Transneural spinout separates CaaMTech's non-hallucinogenic pipeline into a dedicated entity, allowing CT-4201 (hallucinogenic psilocin prodrug) and TN-001 (non-hallucinogenic) to pursue independent clinical strategies and fundraising. Led by CEO Charmaine Lykins.
Watch next: CT-4201 IND filing; Phase 1 FIH initiation; Transneural TN-001 preclinical data
Recorded Events
Apr 22, 2025: Company milestone
Jan 1, 2025: Company milestone
Nov 14, 2024: regulatory-designation
Sep 8, 2021: Funding milestone
Quick Facts
- Type
- Private Biotech
- Founded
- 2018
- Lead Stage
- Pre-clinical
- Website
- Visit