Psychedelics Firms Race to Shorten Therapeutic Trips’ Duration

Research on psychedelics has grown tremendously these past few years, as more about potential health benefits are discovered. For instance, substances such as psilocybin and MDMA have shown potential in the treatment of various conditions, including post-traumatic stress disorder and depression.

Some research has shown that these substances may be even more effective than current treatments for these conditions, which can take weeks to begin working. The primary downside of these substances is the duration of psychedelic trips, which drug=development and biotech companies are working to make shorter. Normally, psychedelic trips range between 4 to 12 hours, depending on the drug administered.

Atai Life Sciences CEO Florian Brand stated that the main hindrance to psychedelics’ mainstream adoption as treatments was the length of the trip itself. The biosciences company, which is based in Germany, is currently focused on shortening the effect of these substances while optimizing the duration of the treatment and maintaining the psychedelic treatment’s effectiveness. Brand believes that shortening the trip by altering psychedelic molecules may make it easier for insurance companies to cover the treatments.

Atai isn’t the only company working to develop a novel short-acting psychedelic. Mental health clinic company Field Trip Health is also planning to introduce altered psychedelic molecules to the market. The Toronto-based firm is currently focused on the development of a psychedelic molecule that targets 5HT-2A receptors in the brain. This is the same receptor that psilocybin targets.

Field Trip plans to submit its compound, which is called FT-104, for FDA approval. Field Trip  chief scientific officer Nathan Bryson stated that reducing the timeframe for the treatment would make psychedelic-assisted therapy more convenient for both doctors and patients.

Another biotech startup based in Boston, Delix Therapeutics, is also focused on developing neuropsychiatric drugs that are based on psychedelic compounds but don’t induce a psychedelic trip. The startup, which was cofounded by David Olson, a professor at the University of California, hopes to bring to market drugs that will treat various conditions, including dementia, substance abuse and depression.

In addition to this, a separate biotech startup based in Toronto, Cybin Inc. (NYSE American: CYBN) (NEO: CYBN), is working to develop a dissolvable oral strip that will be dosed with psilocybin. Cybin CEO Doug Drysdale states that the company’s goal is to introduce to the market a second-generation psychedelic medicine that can be used during a one-hour talk therapy session. Drysdale notes that the company is looking at ways to have a shorter duration and a rapid onset of action.

NOTE TO INVESTORS: The latest news and updates relating to Cybin Inc. (NEO: CYBN) (NYSE American: CYBN) are available in the company’s newsroom at https://ibn.fm/CYBN

About PsychedelicNewsWire

PsychedelicNewsWire (PNW) is a specialized content distribution company that (1) aggregates and distributes news and information on the latest developments in all aspects and advances of psychedelics and their use, (2) creates PsychedelicNewsBreaks designed to quickly update investors on important industry news, (3) leverages a team of expert editors to enhance press releases for maximum impact, (4) assists companies with the management and optimization of social media across a range of platforms, and (5) delivers unparalleled corporate communication solutions. PNW stays abreast of the latest information and has established a reputation as the go to source for coverage of psychedelics, therapeutics and emerging market opportunities. Our team of seasoned journalists has a proven track record of helping both public and private companies gain traction with a wide audience of investors, consumers, media outlets and the general public by leveraging our expansive dissemination network of more than 5,000 key syndication outlets. PNW is committed to delivering improved visibility and brand recognition to companies operating in the emerging markets of psychedelics.

To receive instant SMS alerts, text “Groovy” to 21000 (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

Do you have questions or are you interested in working with PNW? Ask our Editor

PsychedelicNewsWire (PNW)
San Francisco, California
www.PsychedelicNewsWire.com
415.949.5050 Office
Editor@PsychedelicWire.com

PsychedelicNewsWire is part of the InvestorBrandNetwork.

Archives

Select A Month

PsychedelicNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 415.949.5050