Issue 130

Psilocybin therapy for treatment-resistant depression is currently in Phase III clinical trials, and may be approved by the FDA as early as 2025. The US federal department granted Breakthrough Therapy designation to the treatment, with 17 million people suffering from major depressive disorder in the US alone.

Psilocybin is a naturally occurring prodrug found in over 200 species of fungi. When ingested and metabolised, psilocybin converts into the tryptamine alkaloid psilocin, which imitates the neurotransmitter serotonin to produce psychoactive effects.

Brain imaging studies suggest high doses of psilocybin disrupt negative thought patterns through frenzied neurodynamics, which creates different neural pathways than those habitually used. By disrupting default mode networks, psilocybin can lead to a loss of self-awareness, or ego dissolution, considered fundamental to the psychedelic experience.

This triggers opportunities for creativity outside the usual realm of consciousness, which can be particularly beneficial in psychotherapy.

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PARTNERSHIP PLACES LONDON AT THE HEART OF PSYCHEDELIC RESEARCH

Clerkenwell Health and MYndspan are collaborating to use brain scanning technology in clinical trials.

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THE PARLIAMENTARY DEBATE TO RESCHEDULE PSILOCYBIN

The Veterans Minister and the Minister of State for Crime, Policing and Fire, have been urged to improve access to psilocybin.

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BUSINESS AND INVESTMENT

COMPASS Pathways reports Q1 2023 financial results. With a Phase III trial underway, the company still has a cash position of US$117million.

GH Research releases Q1 2023 financial results. The company reported a net loss of US$10.9 million for the quarter, or US$0.21 per share.

atai reports financial results. Following poor outcomes in clinical trials, this year shares in the company are down 27%.

MINDCURE closes private placement. The company issued 2,500,000 shares for gross proceeds of C$125,000.

Ibogaine analogues for addiction and depression. Scientists took inspiration from ibogaine’s impact on serotonin transporters, which is the target of SSRIs.

Cybin doses final patient in DMT study. The company expects to report topline data from the study in Q3 2023.

Filament Health announce Q1 2023 financial results. The company’s psilocybin is being studied in clinical trials for ten different mental health indications.

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

Secure your ticket for just £329 + VAT.

TICKET REGISTRATION

SCIENCE AND RESEARCH

How psilocybin works at the molecular level. Scientists are investigating why the binding of psilocin to serotonin receptors triggers a psychoactive response.

The dark side of early psychedelic research. Early studies were plagued by a number of troubling practices, particularly the treatment of vulnerable populations.

REGULATION AND LEGISLATION

Reforming the UK’s Mental Health Act. The Mental Health Act 1983 has been criticised as being overly restrictive, with inadequate scope for patient choice.

Washington lawmakers pass bill to prevent drug decriminalisation. The governor signed a new drug policy that keeps controlled substances illegal.

Lawmakers in Salem, Massachusetts, vote to decriminalise psilocybin.  Salem becomes the latest Massachusetts city to decriminalise psychedelic medicine.

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

Partnership with PSYCH provides the opportunity to engage an audience ready to support the development of psychedelic healthcare.

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

For more information and to request the PSYCH media kit, please email grace@psych.global.

REQUEST MEDIA KIT

ARTICLES OF INTEREST

Happiness levels in UK fail to recover to pre-pandemic norm. The share of those reporting high levels of happiness was below 30 per cent, down from an average of 35 per cent in 2019.

UK government invites views on how to tackle the mental health crisis. A call for evidence has been launched on how best to prevent, diagnose, treat and manage six major health conditions.

Ministers told to set out plan for hiring mental health nurses. Vacancies for mental health nurses account for nearly a third of all nursing vacancies across England.

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

For more information and to request the PSYCH media kit, please email grace@psych.global.

SPEAKING OPPORTUNITIES