Psychedelic Stocks

Estonian Psychiatrists Advocate for the Use of Psychedelics in Treating Mental Health Conditions

Civic activists and psychiatrists in Estonia are calling for the use of psychedelics to treat various mental health conditions. An EMA (Estonian Medicines Agency) representative asserted that psychedelic research is legal in the country and caution needs to be exercised while assessing their adverse effects and therapeutic potential.

Psychedelics have a long history both in their use and in scientific research. For example, many people recall the hippies of the 1960s who used LSD and also have heard about enthusiasts of electronic music that use MDMA. These uses of psychedelics invoke associations with narcotics, but that shouldn’t detract from the medicinal potential of these substances. On the research front, scientists started studying psychedelics back in the 1950s, but the war on drugs triggered by President Nixon of America put a halt to these studies. Another wave of research started in the 1990s and this has carried on to this date.

In the U.S., scientific research into the use of MDMA as a treatment for post-traumatic stress disorder has advanced to Phase 3, and the U.S. FDA has gone as far as designating psilocybin, LSD and MDMA as “breakthrough therapies.” This designation paves the way for accelerated consideration of any research data on these substances so that they can easily be approved as new treatments.

TAIP (The Foundation for the Development & Innovation of Psychedelic Therapy), a professional group advocating for scientific approaches to be used in assessing the medicinal potential of psychedelics in Estonia, had its maiden seminar in the country. Its chair, Viljar Veede, explains that this foundation was established to create awareness of the necessity to incorporate psychedelics in mental health care. The group wants to see psychedelic compounds used either as a complement to existing mental health treatments or even as a primary treatment protocol.

Anne Kleinberg, who heads the Estonian Psychiatric Association, agrees with Veede. She says current treatments aren’t accessible to many who need mental health care, and those treatments are at most 60% effective. About 33% of patients don’t respond to current therapies, and this makes it urgent to find new alternative treatment options. Kleinberg adds that conventional treatments are very slow to produce desirable effects and consequently, it is important to come up with new lines of treatment that can help those in urgent need, such as those who are severely depressed.

These experts point out that psychedelics have proven in clinical trials that they can treat conditions like addiction, chronic depression and anxiety disorders. They hope that Estonia, and Europe in general will move faster in considering the integration of psychedelics in mental health care in just the same way that the U.S. has progressed.

The work that is being done by psychedelics medicine startups like Seelos Therapeutics Inc. (NASDAQ: SEEL) is likely to trigger further awareness about the potential of these substances. As a result, more jurisdictions around the world could consider revising their drug laws to accommodate this changing reality.

About PsychedelicNewsWire

PsychedelicNewsWire (“PNW”) is a specialized communications platform with a focus on all aspects of psychedelics and the latest developments and advances in the psychedelics sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, PNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, PNW brings its clients unparalleled recognition and brand awareness. PNW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from PsychedelicNewsWire, text “Groovy” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.PsychedelicNewsWire.com

Please see full terms of use and disclaimers on the PsychedelicNewsWire website applicable to all content provided by PNW, wherever published or re-published: https://www.PsychedelicNewsWire.com/Disclaimer

PsychedelicNewsWire
San Francisco, CA
www.PsychedelicNewsWire.com
415.949.5050 Office
Editor@PsychedelicNewsWire.com

PsychedelicNewsWire is powered by IBN

Chris@PNW

Share
Published by
Chris@PNW

Recent Posts

NRx Pharmaceuticals Inc. (NASDAQ: NRXP) Files Abbreviated New Drug Application for Preservative-Free IV Ketamine NRX-100 Amid Ongoing Shortage

The company targets all current ketamine indications, including anesthesia and pain management. The U.S. is…

4 days ago

NRx Pharmaceuticals Inc. (NASDAQ: NRXP) Signs Agreement to Acquire Kadima to Launch $100M Psychiatry Clinic Network

The Kadima Neuropsychiatry Institute acquisition is part of NRx subsidiary HOPE Therapeutics’ model for a…

1 week ago

NRx Pharmaceuticals Inc. (NASDAQ: NRXP) Announces $10.3 Million Financing to Expand HOPE Clinic Network, Advances FDA Drug Approval

Subsidiary HOPE Therapeutics signed a $7.8 million debt financing term sheet with Universal Capital. Combined…

3 weeks ago

NRx Pharmaceuticals Inc. (NASDAQ: NRXP) Subsidiary, HOPE Therapeutics, to Expand Interventional Psychiatry Treatment with Kadima Institute Acquisition

Kadima Neuropsychiatry Institute is expected to become the clinical model for HOPE Therapeutics’ nationwide network…

3 weeks ago

NRx Pharmaceuticals Inc. (NASDAQ: NRXP) Is ‘One to Watch’

NRx Pharmaceuticals is advancing a pipeline of innovative therapies targeting multibillion-dollar unmet needs in central…

4 weeks ago

Republican Lawmakers Embrace Psychedelic Therapies in Shift Toward Veteran Mental Health Reform

Rep. Morgan Luttrell (R-Texas), a retired Navy SEAL, is part of a rising wave of…

4 weeks ago