The Psychedelic Revolution
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What paradigm shift is happening in mental health care?
So that landscape is different in terms of what you're investing in. You're not investing in a drug that people are going to be taking every day of their life. You're investing in a drug that will hopefully help somebody get unstuck from resistant forms of mental health conditions and then get to start moving on with their life.
That was Keith Kurlander, co-author of the new book, Psychedelic Therapy, a revolutionary approach to restoring mental health and reclaiming your life. I'm Motley Fool producer, Matt Greer. Motley Fool analyst, Sanmeet Deo, recently talked with Kurlander and co-author, Dr. Will Vanderveer, about that psychedelic revolution and the investing opportunities ahead. Enjoy.
Hey, fools. Today, we're zooming out to look at a massive paradigm shift happening in the health sector, one that has profound implication for our culture, our well-being, and the broader economic landscape. So for decades, traditional mental health systems relied heavily on managing symptoms. But there's a growing movement backed by serious clinical research and FDA trials pointing toward a totally different model. It's moving fast. Just recently, Compass Pathways which is publicly traded, tickers CMPS, saw its stock jump over 23% after announcing that it's phase three trials for COMP360, the psilocybin treatment, demonstrated a well-tolerated safety profile, and now they're gearing up for the FDA.
So as psychedelic stocks rise on the news, my guests today argue that it's not a hype trade, but rather the kind of the birth of a brand new healthcare category.
How does psychedelic therapy differ from traditional treatments?
So today I have Dr. Will Vanderveer and Keith Kurlander, founders of the Integrative Psychiatry Institute and authors of the new book, Psychedelic therapy, a revolutionary approach to restoring mental health and recovering your life. Well, Keith, welcome to the show. Thanks, good to be here. Great to be with you. Let's start right at the foundation. You know, you argue that the recent surge in stocks like Compass Pathways isn't just a hype trade, but the birth of a brand new healthcare category. So what belief about psychedelic therapy do most people and most investors get completely wrong? And why does this misunderstanding matter?
Well, I would say that one thing investors may not know is psychedelic therapy is an interventional approach, much different than traditional psychopharm interventions where you're, you know, it's not a daily intervention. This is more similar to something like TMS to treat depression where it's like, you know, one to six or whatever amount of times. So, you know, most investors wouldn't understand that unless they went and really dove in a little bit. So that landscape is different in terms of what you're investing in. You're not investing in a drug that people are going to be taking every day of their life.
What misconceptions do investors have about psychedelic therapy?
You're investing in a drug that will hopefully help somebody get unstuck from resistant forms of mental health conditions and then get to start moving on with their life. So in that sense, you need to know what you're looking at in terms of if you want to look at things that mimic how these might work in terms of investing in it.
I would add that we don't have a great track record speaking from the perspective of a prescriber, of a psychiatrist, that's me, in terms of getting people through the mental health system and then out the door and putting psychiatry behind them. What's exciting about this new interventional approach is that you're seeing people getting exposed to a drug, as Keith said, one time, three times, five times with a durable long lasting benefit. And we're talking about a huge market here of treatment resistant conditions. So, for example, when you look at just treatment resistant depression globally, you're looking at 100 million people who are suffering from that condition, which is one third of the total people dealing with depression on the planet.
So it's a big segment of the group of people who are dealing with depression who don't respond to the currently available, currently approved treatments.
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Chapters
8 chapters
1
What paradigm shift is happening in mental health care?
0:05–1:41
2
How does psychedelic therapy differ from traditional treatments?
1:41–2:49
3
What misconceptions do investors have about psychedelic therapy?
2:49–5:45
4
What is the potential market size for psychedelic treatments?
5:45–8:35
5
How do psychedelics work in therapy sessions?
8:35–9:58
6
What historical context led to the current acceptance of psychedelics?
9:58–11:57
7
How is Big Pharma responding to the rise of psychedelic therapy?
11:57–13:25
8
What key message should listeners take away from this episode?
13:25–23:15