The same department recently completed a good-quality RCT comparing psilocybin and escitalopram (plausibly the most effective SSRI antidepressant) for the treatment of Major Depressive Disorder. While psilocybin was shown to be marginally more effective than escitalopram, the difference was not statistically significant. A subsequent Bayesian reanalysis did show a statistically significant advantage to psilocybin, but this difference was not clinically significant. Other RCTs investigating classical psychedelics have shown similar results.
There's a lot of excitement about psychedelics, a lot of hype, a lot of people who dearly want them to be a breakthrough (and god knows, we need a breakthrough), but the data we have just doesn't justify that excitement. This article presents a compelling narrative explaining why classical psychedelics might be a radically effective psychiatric treatment, but that amounts to nothing if psychedelics are not in fact radically effective; although it is still far too early to make any firm conclusions, the evidence we do have suggests that psychedelics are, at best, only a modest improvement over the current state-of-the-art.
This does not preclude the possibility that psychedelics could be the best available treatment for a subset of patients, nor does it invalidate the personal experiences of people who believe that they have experienced dramatic benefits from psychedelic therapy, but it is grounds for considerable caution. Pepole enduring the misery of mental illness deserve better than yet another cycle of hype and disappointment.
https://pubmed.ncbi.nlm.nih.gov/33852780/ https://pubmed.ncbi.nlm.nih.gov/37337526/ https://pubmed.ncbi.nlm.nih.gov/36322843/