The Psychedelics Newsletter, Issue 109

The Psychedelics as Medicine Report: Fourth Edition

On Tuesday, 29 November, PSYCH released the fourth edition of The Psychedelics as Medicine Report.?

The report, expanded to include data on adult-use frameworks, contains market valuations and contributions from business leaders, researchers and regulators, empowering investors to make informed decisions.

It revealed the industry is currently worth US$650 million, and is expected to exceed US$3 billion by 2026.

The next three years will be pivotal in the adoption of psychedelic healthcare, with MDMA and psilocybin-assisted therapies expected to be regulated on both sides of the Atlantic.?

To navigate the rapidly changing landscape, The Psychedelics as Medicine Report provides a holistic overview of the interventions poised for market approval, and a balanced perspective of the related socioeconomic opportunities.

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PSYCHEDELIC HEALTHCARE AND THE MENTAL HEALTH CRISIS

Current treatments for mental health conditions are often ineffective, with psychedelic medicines representing significant innovation.

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RISE IN LONG-TERM SICKNESS POSES A THREAT TO UK ECONOMY

The Psychedelics as Medicine Report revealed psychedelic healthcare could save European economies US$130 billion?in lost productivity.

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BUSINESS AND INVESTMENT

• Psychedelic healthcare industry to reach?US$3b by 2026.
• Emyria raises A$3m?in private placement.
• Awakn expands?operations in Scandinavia.
• Braxia reports Q3?2022 financial results.
• Psychedelic medicines and?treatment-resistant depression.
• Sintalica approved to cultivate psilocybin-producing?fungi in Italy.
• Investment opportunities?in psychedelic healthcare.
• The route-to-market?for psychedelic medicines.
• The rise of?at-home ketamine treatments.
• Ketamine and?esketamine safety concerns.
• KGK Science and Nova Mentis to study psilocybin for?Fragile X?Syndrome.
• Psilocybin services expand?tourism in Jamaica.?

Following the success of the SOLD OUT PSYCH Symposium in 2022, the industry-leading conference returns to the iconic British Museum?on Thursday, 6 July 2023.

Super Early Bird tickets now on sale for ￡249 + VAT.

SCIENCE AND RESEARCH

• NIMH outlines priorities?for psychedelic research.
• Race and ethnicity considerations?in psychedelic research.
• The impact of?ketamine on synaptogenesis.
• Beckley Foundation studies LSD?for Alzheimer’s disease.
• Psilocybin induced changes in?music-evoked emotion.
• Electroshock therapy compared with?ketamine-assisted therapy.?
• Literature review on altered?states of consciousness.

For industry intelligence, The Psychedelics as Medicine Report features contributions from and interviews with prominent business leaders, regulators, researchers and politicians.

Complimentary download:?https://psych.global/report/

REGULATION AND LEGISLATION

• New York’s regulation?of psychedelic healthcare.
• TheraPsil petitions for psilocybin?accessibility in Canada.
• Move to decriminalise?LSD in Berkeley.
• Colorado governor appoints psychedelic?healthcare advisory panel.

ARTICLES OF INTEREST

• UK loses 17 million working days to stress,?depression and anxiety.
• Music programming for?psilocybin-assisted therapy.