MDMA is a stimulant drug that causes hallucinations. Researchers have found that the drug, which is also known as ecstasy or molly, may be useful in the treatment of a range of mental health conditions, including anxiety.
A recently conducted medical trial also found that the drug, which is popular in rave culture, could effectively treat post-traumatic stress disorder. Post-traumatic stress disorder is a mental health condition that’s usually triggered when an individual witnesses or experiences a traumatic event. Symptoms may include nightmares, flashbacks and severe anxiety, among other things.
The trial was carried out by Multidisciplinary Association for Psychedelic Studies (MAPS), which is a not-for-profit organization that’s focused on raising awareness of psychedelic substances. For their study, the researchers recruited 90 participants suffering from severe post-traumatic disorder. Each of these patients received either a placebo or a 120 mg or 80 mg dose of MDMA. Once the treatment was administered, the patients were given headphones to listen to music and eye masks to wear while they sat with the researchers to observe how they reacted.
Once two hours had elapsed, the researchers administered an additional booster dose of between 40 to 60 mg, after which the patients went for 90-minute therapy sessions to discuss their experiences.
The trial’s results show that almost 90% of the participants experienced substantial improvements in their symptoms following their third therapy session. Another 67% also noted that there was so much progress that they no longer experienced symptoms that would warrant a post-traumatic stress-disorder diagnosis.
The researchers also observed a separate control group that did not receive MDMA but did receive counseling. They found that of the total number of participants in that group, one-third were cured of their symptoms of PTSD over the same period of time.
In their report, the researchers revealed that they planned to begin the process for obtaining drug approval from the FDA, noting that they planned to file a New Drug Application in the third quarter of 2023. The Food and Drug Administration may take roughly six months to approve or reject the application.
If the drug is approved by 2024, we could see MDMA being administered to millions of adults who suffer from post-traumatic stress disorder. At the moment, however, MDMA is classified as a Schedule I drug under the Controlled Substances Act. Drugs under this classification are not accepted for use in treatment in the United States and are believed to have a high potential for abuse.
If these drugs hit the market, psychedelic startups such as Delic Holdings Corp. (CSE: DELC) (OTCQB: DELCF) are likely to attract a lot more investor interest given the upward potential that approved drugs present.
NOTE TO INVESTORS: The latest news and updates relating to Delic Holdings Corp. (CSE: DELC) (OTCQB: DELCF) are available in the company’s newsroom at https://ibn.fm/DELCF
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