Issue 118

The rescheduling of psychedelic medicines in Australia

Psychedelic medicines rescheduled in Australia

From 1 July, psychiatrists in Australia will be able to prescribe MDMA for PTSD and psilocybin for treatment-resistant depression.

The Therapeutic Goods Administration, Australia’s medical regulator, rescheduled the psychedelic medicines from Schedule 9 to Schedule 8, to enable their application in a medical environment.

The regulatory reform was instigated by patient advocacy groups and supported by clinical trials which substantiate the treatments’ safety and efficacy.

Over one million Australians have PTSD, and approximately 20% of Australians will be diagnosed with a depressive disorder. Furthermore, suicide rates in indigenous populations are among the highest in the world.

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AWAKN GRANTED INNOVATION PASSPORT FOR KETAMINE THERAPY

The MHRA has granted Awakn an Innovation Passport for its ketamine-assisted therapy for alcohol use disorder.

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PSYCHED WELLNESS RELEASES AMANITA MUSCARIA EXTRACT

Psychedelic Health spoke with CEO Jeff Stevens on the launch of the company’s Amanita muscaria extract in the USA.

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BUSINESS AND INVESTMENT

Journey Clinical raises US$8.5m in Series A funding.

COMP360 therapy reduces depression three weeks after dosing.

Historical insights on the psychedelic renaissance.

Delivering psychedelic-assisted therapy at scale.

Optimi to study combination of MDMA and psilocybin.

On Thursday, 6 July, industry leaders will converge at the iconic British Museum for PSYCH Symposium: London 2023.

Early Bird tickets on sale for £299 + VAT.

TICKET REGISTRATION

SCIENCE AND RESEARCH

University of California, Davis launches psychedelic research institute.

Ketamine’s mechanism of action as an antidepressant.

Neural mechanisms of psychedelic medicine.

In 2023, the psychedelic healthcare industry is expected to be worth £1 billion.

With data cited by The Economist, The Psychedelics As Medicine Report provides market intelligence, empowering investors to make informed decisions.

COMPLIMENTARY DOWNLOAD

REGULATION AND LEGISLATION

Regulatory reform in New Hampshire, West Virginia and Utah.

Hawaii Senate Committee approves bill to study the potential of psilocybin.

Virginia Senate approves bill to reschedule psilocybin.

Would your organisation benefit from engaging with Europe’s psychedelic medicine community?

Event partnership provides the opportunity to engage with an audience ready to support the development of psychedelic healthcare.

Previous partners include COMPASS Pathways, Beckley Psytech and Awakn Life Sciences.

PARTNERSHIP OPPORTUNITIES

ARTICLES OF INTEREST

UK provides £53m to improve housing for addiction recovery.

Pharmacists to receive more mental health training.

Study reveals link between mental health and air pollution.

Psychedelic medicine and the mental health crisis.

Do you know a spokesperson who could provide insights on the future of psychedelic healthcare?

Previous symposium speakers include:

  • Rick Doblin – Founder, MAPS
  • Cosmo Feilding Mellen – CEO, Beckley Psytech
  • Carol Routledge – Chief Medical and Scientific Officer, Small Pharma
  • MP Crispin Blunt – Chair, The Conservative Drug Policy Reform Group
SPEAKING OPPORTUNITIES