Chamath-led SPAC Takes Prescription Video Game Company 'Akili Interactive' Public
“That’s not a typo. Akili Interactive, the maker of prescription video games, announced plans to go public by merging with a SPAC run by billionaire investor Chamath Palihapitiya. It values Akili at $1 billion.
Akili’s video game, ‘EndeavorRx’, became the first video game to be approved as a medical treatment when it was greenlit by the FDA to treat ADHD in 2020. The game hasn’t been commercialized yet, but more than 1,000 doctors have already prescribed it. Next up, the company is working on tech to treat autism spectrum disorder, depression, multiple sclerosis, and other cognitive issues.”
Morning Brew, By Jamie Wilde, 01/26/22