Breakthroughs in the mental health space that deliver for patients have been few and far between in the past 30 years, but this is not the time to be too depressed for those affected, nor for investors.
Whispers that psychedelic therapies such as psilocybin and LSD could disrupt the market have increased in volume recently following promising early data, but, even if they are proven safe and effective in some form, these drugs remain a way off approval.
In the meantime, Japanese drugmaker Otsuka Pharmaceutical (TYO: 4578) has provided a reminder of an on-market product by announcing positive results from a Phase III trial of brexpiprazole in the treatment of major depressive disorder.
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