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Psychedelic Bulletin: May 14, 2021


MAPS’ Phase 3 study of MDMA-assisted therapy was published in Nature Medicine on Monday, with a flurry of mainstream media attention following thereafter. In fact, the news adorned the front page of the New York Times’ print edition on Monday, with the headline: Psychedelics Are Poised to Reshape Psychiatry. We used this week’s Weekend Reading section, at the end of this bulletin, to share a few notes on the study and links to some pertinent coverage.

Immediately below, we discuss a handful of key events in the sector this week.


Psychedelic Sector News
 

Numinus’ Hiring Spree

Yesterday, Vancouver-based Numinus Wellness announced the appointments of 5 senior hires:

  • Director of M&A – Wajahat Ali
  • VP of National Clinical Operations – Jason Lapensee
  • Chief Communications Officer – Ian Noble
  • VP of Business Development and Strategic Partnerships – Raseel Sehmi
  • VP of Experience Design and Innovation – Pam Sethi

For those looking for a career in the psychedelics space, Numinus has over 25 open positions at present.

Earlier this week, we learned that Numinus – in collaboration with Optimi Health – has submitted a natural psilocybin extract to Health Canada via a pre-clinical trial application.
 

CB Therapeutics Closes Series A, Reveals Atai Connections

Earlier this week, CB Therapeutics announced the closing of an oversubscribed Series A. The round was filled entirely by re.Mind Capital, a venture fund under Christian Angermayer’s Apeiron umbrella.

Angermayer, who founded Atai, joins CB Therapeutics as Advisor. Atai’s CSO, Dr. Srinivas Rao, joins the Board of Directors along with Dr. Jeff Miller, Jan Hardorp (founding partner at re.Mind), and CB Therapeutics’ founders Sher Ali Butt and Dr. Jacob Vogan.

Commenting on the news, CEO Sher Ali Butt said, “Words can’t express how excited we are to work alongside Christian, Apeiron, re.Mind, and the extended family of companies.” 

Beyond working on biosynthetic production of tryptamines and cannabinoids, the San Diego-based company announced PsyVault™. The company claims they’re “building the largest collection of biosynthetic tryptamines, cannabinoids, and their analogs.” 

Readers are not to confuse CB Therapeutics’ PsyVault™ with MagicMed’s Psybrary™, which has a similar goal of developing “the world’s foremost library of psychedelic derivatives.” The other similarity is that both companies are careful to append the ™ symbol to every mention of said metaphorical repositories.

Angermayer’s Atai is also deepening linkages with IntelGenx. Atai’s 25% interest in IntelGenx was approved by the Canadian company’s shareholders earlier this week, with news of a second feasibility agreement being signed coming just a day later.

The new collaboration covers the development of novel formulations of Salvinorin A, presumably related to Revixia Life Sciences’ (an Atai program) preclinical investigation of the psychoactive molecule for treatment-resistant depression.
 

Other Headlines

We couldn’t possibly cover every news story each week. Below are a selection of other headlines:

and more…

 

Visit Psilocybin Alpha for more


Weekend Reading
 

MDMA for PTSD: Notes on the Phase 3 Study Published This Week 


On Monday, MAPS’ Phase 3 study of MDMA-assisted therapy for severe PTSD was published in Nature Medicine. As we reported in last week’s bulletin, the results are impressive. Or, as our Pharmaceutical Advisor Michael Haichin put it: “Both the efficacy and safety results are pretty astounding.” The additional notes below are adapted from a Twitter thread Michael shared.
 

No Obvious Impact of Past SSRI Usage 

Importantly, the study found that there was “no obvious impact of SSRI history on the effectiveness of MDMA.” This is a reassuring finding, especially in the context of a study published last year that suggested past antidepressant usage reduces the efficacy of MDMA-assisted psychotherapy for PTSD (Note: Michael authored an informative article for Psychedelic Science Review which covered the study in question). It’s not clear why we see a discrepancy between these findings, but we may expect deeper analysis following the second Phase 3 trial, which is currently enrolling.
 

Diversity and Representation

We still have a significant amount of work to do in terms of representation in clinical trials of psychedelics. Just 2 participants were black or African American, representing just over 2% of the sample size. For context, according to the US Census Bureau around 13.4% of the U.S. population is black or African American.

A significant body of literature (e.g., Roberts et al., 2010) shows that lifetime prevalence of PTSD is higher in minority groups than Whites,  but that minority groups are less likely to seek treatment. While, like many clinical trials, MAPS’ study falls short of representing society in an equitable manner, it is hoped that MAPS will be in a position to deliver MDMA-Assisted Therapy to a diverse range of individuals, should it be approved. MAPS team members like Ismail L. Ali are leading the way in this regard.
 

Overnight Stay vs. Evening Discharge

The study also found that whether or not a participant had an overnight stay following treatment had no effect on the success of the protocol. This was achieved by allowing participants at two study sites to be discharged in the evening, as opposed to being kept at the site overnight.

Haichin points out that the ability to eliminate the overnight stay from the treatment protocol would have significant impacts on cost-effectiveness. However, he also points out that 10/14 participants that requested further integrative visits were in the MDMA arm, indicating that the amount of psychotherapy in the current model may be insufficient for some.
 

The Blinding Problem

As with most, if not all, psychedelic studies, the elephant in the room is the ability of the researchers to adequately prevent participants from guessing what treatment they received, and potentially influencing the results. Previous MDMA research used low-dose MDMA instead of an inactive placebo in the comparator group, which improved blinding but made participants’ PTSD worse. Since the use of low-dose MDMA made it easier to find a treatment difference (and would be unethical to give), MAPS decided—in partnership with the FDA—that an inactive placebo group was more appropriate for both Phase III trials.

“However, although blinding was not formally assessed during the study, when participants were contacted to be informed of their treatment assignment at the time of study unblinding it became apparent that at least 10% had inaccurately guessed their treatment arm. Although anecdotal, at least 7 of 44 participants in the placebo group (15.9%) inaccurately believed that they received MDMA, and at least 2 of 4 participants in the MDMA group (4.3%) inaccurately believed that they had received placebo.”

In other words, almost 90% of participants guessed whether they received MDMA-assisted psychotherapy or not. Because of this, critics will say the trial is essentially open-label, where the given treatment is known and treatment effects tend to be overestimated.

Follow Michael Haichin on Twitter for regular updates.

 

Notable Coverage of the Study

BBC: MDMA could help trauma survivors face painful memories

Time: A New Study Points to MDMA as a Powerful Treatment for PTSD

Fast Company: Psychedelic medicine is about to blow up
 


Have a great weekend.
 
Best wishes,
Josh Hardman

Founder, Editor 
 
Psilocybin Alpha does not provide investment advice. You must always do your own research. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message, and the contents of our site, is meant for informational and educational purposes only and does not, and should not be construed to, constitute investment advice.
Copyright © 2021 Psilocybin Alpha, All rights reserved.


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