NewsRoom Articles - Page 52 of 154 - PsychedelicNewsWire (PNW)

WednesdayAug 03, 2022 12:33 pm

New Poll Finds Most Americans Support Research on Psychedelics for Military Members

A recently conducted poll has found that most Americans support the study of substances such as MDMA and psilocybin as alternative options for mental health treatment for military service members. Bipartisan legislators championing for policy issues such as the promotion of research on psychedelics and the legalization of cannabis appear to have plenty of support from Americans, despite Congress receiving criticism for not aligning with its constituents on such matters. The YouGov poll, which was conducted between July 22—25, 2022, found that nearly 55% of Americans were in favor of permitting studies into the therapeutic potential of a range of…

WednesdayAug 03, 2022 12:00 pm

Silo Pharma Inc.’s (SILO) Ketamine Study Produces Positive Endpoint Results, Suggests Topical Formulation Reduces Neuropathic Nerve Pain

Silo recently completed ketamine study showing neuropathic nerve pain reduction when administered with patented, partnered delivery system Results of study demonstrated Silo’s topical ketamine formulation reduced mechanical allodynia and hyperalgesia at both the pre-and post-dosing time points, mechanical hyperalgesia reduced on day seven at the pre-dose time point Ketamine typically used to induce and maintain anesthesia, drug use expanding to include depression and chronic pain treatment at subanesthetic doses Silo Pharma (OTCQB: SILO), a developmental stage biopharmaceutical company, recently completed a study of its ketamine formulation, showing nerve pain reduction when administered using a patented delivery system developed in partnership…

TuesdayAug 02, 2022 1:22 pm

Fruitfly Research Model Finds That Single Psilocybin Dose Has Long-Lasting Antidepressant-Like Effects

A new study has looked into the effects of psilocybin at a genetic and cellular level using fruit flies, because their neurotransmitter systems are similar to those of mammals. This has led to the discovery that one dose of the active compound produces a long-lasting, antidepressant-like effect in fruit flies. Psilocybin is the active compound found in magic mushrooms that produces changes in time perception, sensory perception, mood and sense of self. This can alter the way an individual experiences the world around them. Preliminary studies have shown that administering psilocybin in conjunction with psychotherapy may result in lasting improvements…

MondayAug 01, 2022 11:37 am

The DEA Rescinds Proposal to Ban Five Psychedelics

The Drug Enforcement Administration (DEA) recently withdrew a proposal to ban certain psychedelics, stating that it had instead decided to request for an updated review of the psychedelic compounds from the Department of Health and Human Services (DHHS). The DEA had first proposed that the DiPT, 5-MeO-DET, 5-MeO-MiPT, 5-MeO-AMT and 4-OH-DiPTtryptamines be scheduled earlier in the year. Tryptamines are psychedelic and hallucinogenic drugs that cause users to experience hallucinations as well as euphoria. However, after the announcement, the agency faced criticism on the matter and received hundreds of messages opposing the change and asking for a hearing. Through its own…

FridayJul 29, 2022 12:03 pm

Research Finds Psychedelics May Open Door to Self-Actualization

According to Maslow’s Hierarchy of Needs, self-actualization is the realization of an individual's full potential and the complete development of their ability to enjoy and appreciate life. The highest level of psychological development, self-actualization, is only achievable once an individual have met their physiological, safety, belongingness, love and esteem needs. However, life tends to throw plenty of trials and tribulations that act as barriers to self-actualization, with Maslow estimating that just 1% of adults have self-actualized. Recent research into a federally controlled class of drugs has revealed an interesting fact: psychedelics have the ability to help people self-actualize. Individuals who…

ThursdayJul 28, 2022 11:26 am

DEA Sued Again for Denying Terminally Ill Patients Access to Psilocybin Therapy

The United States Drug Enforcement Administration (DEA) has been sued again for refusing to permit a doctor to treat patients with terminal illnesses using psilocybin therapy in accordance with state and federal Right To Try laws. Numerous trials have found that psilocybin, as well as MDMA, possess the potential to treat a range of mental health conditions, with the United States Food and Drug Administration (FDA) designating them as breakthrough therapies. Right To Try laws are aimed at increasing access to Schedule I investigational therapies that haven’t received approval for general use. The DEA is also facing political pressure from…

ThursdayJul 28, 2022 10:30 am

Cybin Inc. (NEO: CYBN) (NYSE American: CYBN) Cleared for Historic Study, Begins Enrolling Participants

Company receives FDA “may proceed” letter and investigational new drug (“IND”) application clearance Enrollment for Phase 1/2a trial has already started Upcoming trial is first time a psilocybin analog will be evaluated for MDD treatment Studies show psychedelic-based treatments may have potential to revolutionize mental healthcare, but few companies have assessed limitations of oral psilocybin In a first-ever milestone, Cybin (NEO: CYBN) (NYSE American: CYBN) received approval from the U.S. Food and Drug Administration (“FDA”) (https://ibn.fm/QfXhX) to proceed with its planned phase 1/2a first in-human clinical trial and has started enrollment (https://ibn.fm/HxkKp). The study is designed to evaluate Cybin’s proprietary deuterated…

WednesdayJul 27, 2022 1:02 pm

Measure to Legalize Psychedelics Qualifies for November Ballot in Colorado

Voters in the state of Colorado now have the chance to vote for the legalization of psychedelics after a measure advocated for by the Natural Medicine Colorado campaign was approved for the November ballot. This approval comes less than a month after activists in the state submitted an estimated 100,000 more signatures for the legalization initiative than was required for it to qualify for the ballot. In a press release, Kevin Matthews, one of the initiative’s designated representatives, stated that the group of activists were proud of the work done and argued that psychedelic medicines held great promise for individuals…

TuesdayJul 26, 2022 2:36 pm

Compass Pathways Appoints New CEO

Compass Pathways has announced that it will be replacing its chief executive officer by the end of the month. The company’s founder, CEO and chair, George Goldsmith, will be replaced as CEO by Kabir Nath, effective Aug. 1, 2022. The mental health company announced on its website that George Goldsmith will continue serving as executive chair from Aug. 1 to Dec. 31, 2022, to assist in the transition. Goldsmith will retain his position as the executive chair once the handover is complete. He cofounded Compass Pathways PLC (NASDAQ: CMPS) in 2016 and led the firm from a startup to a…

MondayJul 25, 2022 1:12 pm

What You Should Know, Do Before Investing in Psychedelics Stocks

With speculation about psychedelics at an all-time high and the market projected to grow exponentially in the next few years, psychedelic stocks have been a draw for many investors. However, given that the market is still new and has plenty of legal and regulatory challenges to surpass, investors interested in psychedelic stocks should exercise caution when investing their hard-earned cash. Most psychedelic companies are young with no record of success; many still have to go through long and costly clinical trials as well. This means that many of these fledgling companies are relying on debt to finance research and development.…

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