The fact that they are using a synthetic version likely means they have constructed a molecule that’s patented or otherwise IP protected. I’m always torn about this, because it means that a cheap, globally available compound (psylocibin) which was what inspired this company to begin with when the founders used it on their son will remain medically inaccessible, possibly at Schedule I in the US, while this startup’s compound may end up being covered by insurance and rake in piles of cash.I get that it takes a lot of money to prove the efficacy of drugs. But there should be a better way to open some of these chemicals up and acknowledge the community that has worked hard, often at great personal and reputational risk, to demonstrate that these well-known drugs offer powerful options to treat a range of psychiatric illnesses.
observationist|10 days ago
It's never going to be a major moneymaker - you rarely encounter people who want to continue abusing it. 1 dose is sufficient for 6 or more months of mitigated symptoms, sometimes even allowing people to entirely escape negative thought patterns and depression. Psilocybin induces new synaptic pathways, helps balance out or suppress obsessive loops, so in combination with positive reinforcement in lifestyle patterns, habits, and changing environments, a single high dose psilocybin experience can radically alter someone's mental health and outlook for the better.
The literature is fascinating - one of the safest drugs known to science, yet one of the least exploited for medical or scientific purposes. There's a whole vast wealth of good data that will come from research like this, it's exciting.
RupertSalt|10 days ago
Edited out the least important step
bethekidyouwant|10 days ago
dekhn|10 days ago
Aurornis|10 days ago
A company can develop a formulation of generic, off-patent compounds and get FDA approval for that patented formulation.
Even old off-patent drugs are often brought back in new, on-patent formulations that can't be sold generically until the expiration of the patents on the formulation that was approved.
So even if they used psilocybin, they would get a patent on their formulation and get FDA approval for that formulation.
unknown|10 days ago
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hermanzegerman|10 days ago
reactordev|10 days ago
Pharma, sprang up from taking wondrous compounds found in nature and isolated them or refined them into new compounds that they could patent, market, and sell to consumers.
Ibuprofen, for example, is crude oil.
hermanzegerman|10 days ago
ajb|10 days ago
In what sense? Ibuprofen is a specific chemical compound, crude oil is anything but that - it's a mixture of a huge number of chemicals.
I don't think the pharma industry is a moral exemplar either. But this seems like a simple error that will just distract from your point. Others in the thread have given better examples.
jrmg|10 days ago
vagrantstreet|9 days ago
Can't say how many times I heard of anecdotal stories where a user just flipped personality out of the blue, it kinda steals away emotional resolution and wisdom from resolving issues if for example trauma is related to another person.
gosub100|9 days ago
If I took shrooms, there is a nonzero chance I'd have a psychotic episode that could be fatal.
dylan604|10 days ago
Conspirator's advocate says that bigPharma has synthesized and patented every active plant compound so that keeping the actual plants scheduled is to their benefit.
dmbche|10 days ago
Edit0: for a more thorough look: https://www.mdpi.com/1424-8247/18/3/380
voidmain|9 days ago
> I used to think that the alternative medicine people were overestimating how evil Big Pharma was. But now I know that’s not right.
> Now I know they’re underestimating it.
> If it were discovered tomorrow that potatoes cured cancer, then people wouldn’t “suppress” this “natural” remedy. Two years from now there would be an ultrapurified potato extract called POTAXOR™®© that was, on closer examination, physically and chemically identical to mashed potatoes. But these mashed potatoes would be mashed in a giant centrifuge by scientists with five Ph. Ds each. Any time someone got cancer, their doctor would prescribe POTAXOR™®© and charge $6,000 per dose, and the patient would get better, and the thought of just going out and eating a potato would never occur to anybody. Not to the doctor, who doesn’t want to sound like the idiot who tells her cancer patients to eat potatoes. Not to the FDA, who doesn’t know whether potatoes might be contaminated with lead or potato fungus or ketchup or God-knows-what. And certainly not to the patient. They would have to pay 60 cents for a potato at the supermarket, but if they have a good enough insurance the POTAXOR™®© is free!
> This system, bizarre as it is, is your guarantee against the pharmaceutical companies suppressing a promising new natural medication. Your insurance company pays $300 on fish oil, and in exchange you go to sleep at night secure that no one has discovered that potatoes cure cancer but decided to cover it up to protect their bottom line. Good deal? Given the current health system, it’s better than you had any right to expect.
Potatoes aren't on Schedule 1; that makes this situation suck a little more. But probably the alternative scenario is just the treatment remaining illegal forever.
[1] https://slatestarcodex.com/2014/06/15/fish-now-by-prescripti...
gosub100|9 days ago
It wouldn't be discovered without the profit motive created by the granted monopoly