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Back in November, we reported that newly un-retired director Steven Soderbergh’s next film would be a thriller about the world of psychopharmacology called Bitter Pill. Following Soderbergh’s projects has been kind of a roller coaster ride lately though, so having faith that Bitter Pill was actually going to get made was kind of a…ahem, tough pill to swallow. But things are now looking a lot better on that front.

While this is still the Scott Z. Burns script that Soderbergh intends to work on, the film has now been retitled Side Effects, a seemingly arbitrary change that at least points to the fact that active work is being done on development. And that’s not even the big news. The big news is that heiress Megan Ellison’s Annapurna Pictures is stepping up to fund the film, alongside Open Road Films, who will be handling the domestic distribution. That kind of makes this one a lot more official, and seeing as Open Road is hoping for a release in the first half of 2013, shooting is scheduled to start in April and the casting process should begin ASAP. I would imagine that Soderbergh is calling up Matt Damon and George Clooney as we speak. [THR]