Explore our 🎯 Q1 2026 Psychedelic Pipeline Bullseye Charts.

March 25 – 31, 2024

atai Life Sciences Announces Positive Initial Results from Beckley Psytech’s Phase 2a Open Label Study of BPL-003 (Intranasal 5-MeO-DMT) in Treatment Resistant Depression

Press Release ↗

According to the press release, a single dose of BPL-003 “demonstrated a rapid and durable antidepressant effect in TRD patients, with 45% of patients in clinical remission at week 12”.

It’s worth noting that the initial topline results represent 12 participants.

Beckley Psytech also published its own press release.

March 18 – 24, 2024

The psychedelic AI found

POLITICO ↗

POLITICO covers Mindstate Design Labs’ IND submission for a Phase I study of 5-MeO-MiPT.

March 11 – 17, 2024

March 4 – 10, 2024

FDA Hands MindMed’s LSD Candidate Breakthrough Therapy Designation in Generalised Anxiety Disorder; Company Provides 12-Week Data and Fleshes Out Phase 3 Program Plans

Psychedelic Alpha ↗

Psychedelic drug developer MindMed has announced that the FDA has granted breakthrough therapy designation to its LSD-D-tartrate candidate (MM120) for the treatment of generalised anxiety disorder (GAD). The company also shared topline 12-week data from the same program, as well as results of a pharmacokinetic bridging study and further details on phase 3 study design.

Pα+ subscribers can read our coverage here.

Pα+ Psychedelic Bulletin #158

Psychedelic Alpha ↗

  • Fluence and UPRA Team Up to Bring Psychedelic Therapy Training to Ukraine
  • MindBio’s Small Open Label Microdosing Study Shows Promise in MDD
  • Biomind’s 5-MeO-DMT Study Shows Promise, But Small Sample and Unclear Protocol Temper Excitement
  • Oregon Psilocybin Services Complaints
  • Further Reading & Other Stories

Read the latest Issue.

atai Life Sciences Announces First Participant Dosed in Phase 1b Trial of VLS-01

Press Release ↗

Readers might remember that atai shared topline results from a Phase 1 study of the candidate back in October 2023, finding the oral transmucosal film (OTF) formulation to be “well-tolerated with a favorable safety profile”. However, the company announced it would “further optimize” the candidate in preparation for a Phase 2 study in treatment-resistant depression.

As such, this Phase 1b study will compare an improved OTF formulation of the candidate with IV. The improvements include taste masking, a backing layer, “and enhancements to further increase permeability.”

For reference, atai dosed the very first subject with VLS-01 in Q4 2022.

Vancouver to reinstate business licence of illegal magic mushroom dispensary

Vancouver Sun ↗

“At a business licence hearing Tuesday, a three-person panel approved a motion asking staff to reinstate the licence with terms that clarify the business is involved in education and advocacy of medicinal psychoactive substances.”

“We opened the door now, just a crack, but it’s only going to get bigger”, said Dana Larsen.

On March 7th, Vancouver Sun columnist Dan Fumano wrote a piece titled, “Dan Fumano: Psychedelics are illegal — and Vancouver police say criminal charges could be coming”.

February 26 – March 3, 2024

Incannex Announces Positive Topline Results from Phase 2 Psi-GAD1 Clinical Trial of Psilocybin in Generalised Anxiety Disorder

Press Release ↗

The Phase 2a study, which saw 73 GAD patients assigned to receive psilocybin-assisted therapy or placebo with psychotherapy, achieved its primary endpoint.

The sponsor, Incannex, is now preparing to test the intervention in a Phase 2b study. More coverage is available in Bulletin 157.

The study is featured in a new SBS documentary, too.

Separately, Incannex’s Chief Scientific Officer, Mark Bleackley, spoke with Pharmacy Times about psilocybin’s potential.

March 1-7, 2024

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