Psychedelics are an exciting development in neuropsychiatry because of their rapid onset and sustained therapeutic effect across multiple disorders, including depression, post-traumatic stress disorder, and substance use disorder. As evidence of safety and efficacy mount, researchers are starting to understand how these drugs work at a molecular level.
The potential for psychedelics to treat multiple under-served neuropsychiatric disorders also means potential blockbuster pharmaceuticals. For instance, Cybin Corp. (NEO: CYBN) (OTC: CLXPF) is planning to begin Phase IIA clinical trials for its psilocybin-based sublingually-delivered treatment for major depressive disorder—a $4+ billion market. |