Psychedelic Medicine Association Announced Globally

Leaders in the field of psychedelic medicine have joined forces to bridge the gap between the medical establishment, patients, and industry leaders by forming the Psychedelic Medicine Association (PMA).

As psychedelic medicines progress through clinical trial pathways, and legislation is amended, patients are starting to ask doctors, psychologists, and psychiatrists about access to groundbreaking new treatments.

“We want physicians and other healthcare providers to feel comfortable discussing psychedelic medicines with their patients, as many of these therapies are significantly more effective than the current options,” said PMA president Dr. Lynn Marie Morski.

This dialogue presents a number of highly complex scenarios that medical professionals must attempt to navigate, from providing accurate, easily understood information to working through insurance and public health implications.

With support from major groups in the growing psychedelic medicine sector, the Psychedelic Medicine Association will officially launch on September 29th, aiming to create a framework for the conversation between key stakeholders. Its goal is better outcomes for patients using the psychedelic medicines which have proved to be game-changers in mental health, addiction, and pain management treatments.

The industry has recently taken giant leaps forward towards mainstream uptake. Not only are Ketamine treatments now widely available, in particular Spravato from Johnson and Johnson, but also organizations like MAPS (Multidisciplinary Association for Psychedelic Studies) are driving accelerated clinical trials through “Breakthrough Therapy Status” granted by the FDA to MDMA and psilocybin. Indeed, in an eagerly awaited IPO on the Nasdaq, Compass Pathways will be raising funds as its own accelerated psilocybin trial nears completion.

“The research and emerging evidence around psychedelics and psychedelic-assisted therapies is showing these molecules and modalities hold incredible promise. The impact they could have on how we treat mental health conditions such as depression, anxiety, and PTSD, as well the general well-being of people across the world, is significant,” said Ronan Levy, Executive Chairman of industry behemoth Field Trip Psychedelics Inc. “In order for that impact to be realized, though, we need to earn the trust, support, and buy-in from the global medical community through frank, open, and objective dialogue. The PMA is extremely well-positioned to start that conversation in a meaningful and constructive way, and so we were very pleased to be invited to join the PMA as a founding member.”

The PMA is a public benefit corporation, run by healthcare providers for healthcare providers, and is currently building its membership and partner networks. One of its primary tasks is education.

“For us to fully inform those on the frontlines of patient care, we have to overcome the stigma surrounding psychedelics, clear up misconceptions about psychedelic medicines, and give practitioners access to the wealth of research being done in the field,” Dr. Lynn Marie Morski observed.

Joining the Psychedelic Medicine Association at launch are:
Ayahuasca Foundation
Field Trip Psychedelics Inc.
Fluence
Heroic Hearts Project
Hive
Illuminate Medicine Institute
Magic Med Industries
Maya
Microdose
PsiloHealth
PsyTech
The Conscious Fund
Unlimited Sciences
VETS, Inc.

Membership will officially open on September 29th and the PMA is hosting a free virtual event that day to celebrate the launch, featuring prominent speakers from across the psychedelic science world. Registration for this event is at psychedelicmedicineassociation.org.

You can find the Psychedelic Medicine Association on Twitter at @Psychedelic_Med, on LinkedIn, and on Facebook.
Further information is available at www.psychedelicmedicineassociation.org.
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About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.