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Pα+ Psychedelic Bulletin #230: Pharma Ramps Up Ad Spend on Psychedelic Keywords; ARPA-H’s Ibogaine Funding; Psychedelics in Medicaid?

2026-09-01 • Psychedelic Alpha

Article summary

Pharma Ramps Up Google Ad Spend on Psychedelic Keywords Large pharmaceutical companies appear to be ramping up U.S. Google ad spend targeting psychedelics-related keywords, with the most common ads pointing to Johnson & Johnson’s Spravato webpage. Searching for more generic terms like “psychedelic” returns results from J&J as well as at-home ketamine providers like Mindbloom […]

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