Discover business models competing in the psychedelic market
Companies Cybin/Helus from Canada and Compass Pathways from the UK have reported promising data about psychedelics for depression.
Cybin/Helus, a Canadian company, and Compass Pathways from the UK have emerged as key players in the burgeoning psychedelic market focused on treating depression. They have developed synthetic formulations, SPL026 and COMP360, utilizing N,N-dimethyltryptamine (DMT) and psilocybin, respectively, rather than relying on natural products. The recent publication by Cybin in Nature Medicine highlights their phase 2 clinical trial that involved a ten-minute infusion of DMT, which resulted in a significant reduction in depression severity after two weeks.
The clinical test featured 34 participants suffering from moderate to severe depression, and the results indicated an impressive seven-point decrease on the MADRS scale. The innovative delivery method used for the DMT infusion induces a psychedelic experience lasting between 20 to 30 minutes. This technique is akin to vaporization methods being tested at the Universidade Federal do Rio Grande do Norte (ICe-UFRN) under the leadership of Dr. Dráulio de Araújo, showcasing a collaborative effort in psychedelic research across different institutions.
As these companies continue to explore and expand their offerings of psychedelic treatments, their success could signal a turning point in how depression and similar mental health conditions are treated globally. The implications for the mental health industry and regulatory frameworks will likely evolve alongside these advancements, raising both anticipation and scrutiny regarding the future of psychedelic therapies.