Re:Is the psychedelic therapy bubble about to burst?
by naasking on Saturday September 03, 2022 @09:29PM
(#32708738)
> What industry conspiracy are you trying to insinuate? Is it big pharma? Doubt it.
There was another HN front page article today about how legalization caused a measurable decline in the stock prices of the big pharma companies. There's a long track record of cannabis replacing opioids for pain management. MDMA, psilocybin and ketamine are not patentable, and if they can displace regular, lifelong use of antidepressants with a small number of treatments, that sounds like serious threat to their bottom line. Seems pretty plausible to me.
There was another HN front page article today about how legalization caused a measurable decline in the stock prices of the big pharma companies. There's a long track record of cannabis replacing opioids for pain management. MDMA, psilocybin and ketamine are not patentable, and if they can displace regular, lifelong use of antidepressants with a small number of treatments, that sounds like serious threat to their bottom line. Seems pretty plausible to me.