Analyzing Possible Industry Implications of FDA Advisory Panel Decision on MDMA

Media Partners, Psychedelic News Wire

This post is presented by our media partner Psychedelic News Wire
View the original article here.

About a week ago, an advisory committee to the U.S. Food and Drug Administration (FDA) rejected evidence supporting the approval of MDMA as an alternative treatment for post-traumatic stress disorder (PTSD). This is a deflating moment for many in psychedelic research who have, for years, conducted trials on the drug in an effort to gain approval for commercial distribution.

The application reviewed by the advisory committee was presented by Lykos Therapeutics, which concluded phase 2 and 3 trials investigating the effectiveness of MDMA-assisted therapy in managing post-traumatic stress disorder. In their report, the advisors revealed that they went through the research and cited various missteps and shortcomings on the trials conducted.

This comes as former participants of the trial claimed that adverse events weren’t reported by the company, including suicidality experienced after the treatment. Additionally, there was bias during the trials that may have skewed the findings.

Other issues with the study included the fact that roughly 40% of trial participants had tried MDMA before the study. Additionally, researchers didn’t conduct lab work on MDMA’s safety profile or collect data on each participant’s experience with the drug. In addition, it doesn’t help that a report released after the trials also questioned the data’s validity, which only increased concerns.

The advisory committee also raised concerns about the future of other psychedelics currently being studied for their therapeutic potential. This comes as scientists globally conduct hundreds of trials on these drugs and investors inject billions into research on psychedelics such as LSD, ketamine and psilocybin.

Despite this setback, some are still hopeful that the Food and Drug Administration will approve the treatment in the future. Dr. Srinivas Rao believes that the probability of complete rejection is low. Rao, CEO of atai Life Sciences N.V. (NASDAQ: ATAI), notes that there is a lot of pressure for the drug to get approved. In the event that the drug is approved, Rao posits that the FDA may provide strict requirements and safeguards to conduct additional research once MDMA is on the market.

Matthew Johnson, a senior researcher for the Center of Excellence for Psilocybin Research and Treatment at mental-health provider Sheppard Pratt, believes that even if the drug isn’t approved by the August deadline, MDMA will get approved eventually.

Alan Davis, Ohio State University’s director of the Center for Psychedelic Drug Research and Education, believes that while the rejection is a setback for Lykos Therapeutics, it isn’t for the field as a whole. Davis notes that the main message to gain from the committee’s report is that research will need to be done more thoughtfully now.

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

This post was originally published by our media partner here.