STAT July 25, 2024
Many people were stunned when an FDA advisory committee voted “no” on a new drug application for MDMA-assisted psychotherapy for post-traumatic stress disorder (PTSD) earlier this summer. I was not among them.
Several things were stacked against approval: The FDA greenlights only about 50 new drugs each year. Drug development is a high-risk business with an overall success rate between 10% and 20%. Most FDA applications for new drug approval are from massive global companies with decades of experience and deep pockets, while the application for MDMA-assisted psychotherapy was based on two philanthropy-funded trials of a Schedule I compound — insider speak for a drug with no currently accepted medical use and a high potential for abuse (MDMA’s street name...