Australia becomes first country to legalise medical psychedelics | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
June 08, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, JUNE 08, 2025
Australia becomes first country to legalise medical psychedelics

World+Biz

AP/UNB
03 July, 2023, 12:15 pm
Last modified: 03 July, 2023, 12:19 pm

Related News

  • UK to expand submarine fleet as defence review calls for 'warfighting readiness'
  • Australia's defence minister urges greater military openness from China
  • Weak Chinese demand leaves Australia with too much wheat
  • Australia floods recovery could take several months: Albanese
  • Australian authorities airdrop supplies to farmers stranded by flood crisis

Australia becomes first country to legalise medical psychedelics

AP/UNB
03 July, 2023, 12:15 pm
Last modified: 03 July, 2023, 12:19 pm
Artwork on display is seen at the Psychedelic Science conference in the Colorado Convention Center Wednesday, June 21, 2023, in Denver. Australia is the first country to allow psychiatrists to prescribe certain psychedelic substances to patients with depression or post-traumatic stress disorder. On Saturday, July 1, Australian physicians can now prescribe doses of MDMA, also known as ecstasy, for PTSD. (AP Photo/David Zalubowski, File)
Artwork on display is seen at the Psychedelic Science conference in the Colorado Convention Center Wednesday, June 21, 2023, in Denver. Australia is the first country to allow psychiatrists to prescribe certain psychedelic substances to patients with depression or post-traumatic stress disorder. On Saturday, July 1, Australian physicians can now prescribe doses of MDMA, also known as ecstasy, for PTSD. (AP Photo/David Zalubowski, File)

Australia is now the first country to allow psychiatrists to prescribe certain psychedelic substances to patients with depression or post-traumatic stress disorder.

Beginning Saturday (1 July), Australian physicians can prescribe doses of MDMA, also known as ecstasy, for PTSD. Psilocybin, the psychoactive ingredient in psychedelic mushrooms, can be given to people who have hard-to-treat depression. The country put the two drugs on the list of approved medicines by the Therapeutic Goods Administration.

Scientists in Australia were surprised by the move, which was announced in February but took effect on 1 July. One scientist said it puts Australia "at the forefront of research in this field."

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Chris Langmead, deputy director of the Neuromedicines Discovery Centre at the Monash Institute of Pharmaceutical Sciences, said there have been very few advancements in the treatment of persistent mental health issues in the last 50 years.

The growing cultural acceptance has led two US states to approve measures for their use: Oregon was the first to legalise the adult use of psilocybin, and Colorado's voters decriminalised psilocybin in 2022. Days ago, President Joe Biden's youngest brother said in a radio interview that the president has been "very open-minded" in conversations the two have had about the benefits of psychedelics as a form of medical treatment.

The US Food and Drug Administration designated psilocybin as a "breakthrough therapy" in 2018, a label that's designed to speed the development and review of drugs to treat a serious condition. Psychedelics researchers have benefited from federal grants, including Johns Hopkins, and the FDA released draft guidance late last month for researchers designing clinical trials testing psychedelic drugs as potential treatments for a variety of medical conditions.

Still, the American Psychiatric Association has not endorsed the use of psychedelics in treatment, noting the FDA has yet to offer a final determination.

And medical experts in the US and elsewhere, Australia included, have cautioned that more research is needed on the drug's efficacy and the extent of the risks of psychedelics, which can cause hallucinations.

"There are concerns that evidence remains inadequate and moving to clinical service is premature; that incompetent or poorly equipped clinicians could flood the space; that treatment will be unaffordable for most; that formal oversight of training, treatment, and patient outcomes will be minimal or ill-informed," said Dr Paul Liknaitzky, head of Monash University's Clinical Psychedelic Lab.

Plus, the drugs will be expensive in Australia — about $10,000 (roughly $6,600) per patient for treatment.

Litnaitzky said the opportunity for Australians to access drugs for specific conditions is unique.

"There's excitement about drug policy progress," he said, "... about the prospect of being able to offer patients more suitable and tailored treatment without the constraints imposed by clinical trials and rigid protocols."

Health

australia / Post-traumatic Stress Disorder (PTSD) / Drug

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Bodies of Palestinians at Gaza City's al-Shifa hospital, who were killed in Israeli strikes, on 7 June 2025. Photo: Mahmoud Issa/Reuters
    Israeli airstrikes kill over 70 in Gaza on second day of Eid, including 16 in one family home
  • A car burns in Los Angeles during protests against US immigration agents. Photo: Reuters
    Trump deploys National Guard as Los Angeles protests against immigration agents continue
  • Rawhide collected from various parts of the city. Photo taken on 7 June in Old Dhaka. Rajib Dhar/ TBS
    Rawhide prices see slight increase, but below fair value

MOST VIEWED

  • Army Chief General Waker-Uz-Zaman and his wife exchange Eid greetings with Chief Adviser Muhammad Yunus at the State Guest House Jamuna in Dhaka today (7 June). Photo: CA Press Wing
    Army chief exchanges Eid greetings with CA Yunus
  • Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal
    From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics
  • BNP Standing Committee criticises chief adviser's speech, calls for national election by December
    BNP Standing Committee criticises chief adviser's speech, calls for national election by December
  • Rawhide collected from various parts of the city. Photo taken on 7 June in Old Dhaka. Rajib Dhar/ TBS
    Rawhide prices see slight increase, but below fair value
  • CA’s televised address to the nation on the eve of the Eid-ul-Adha on 6 June. Photo: Focus Bangla
    National election to be held any day in first half of April 2026: CA
  • BNP leaders lay a wreath at the grave of BNP founder Ziaur Rahman at Sher-e-Bangla Nagar in Dhaka on 7 June 2025. Photo: BSS
    April not suitable for national polls: Fakhrul

Related News

  • UK to expand submarine fleet as defence review calls for 'warfighting readiness'
  • Australia's defence minister urges greater military openness from China
  • Weak Chinese demand leaves Australia with too much wheat
  • Australia floods recovery could take several months: Albanese
  • Australian authorities airdrop supplies to farmers stranded by flood crisis

Features

Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

19h | Bangladesh
Illustration: TBS

Unbearable weight of the white coat: The mental health crisis in our medical colleges

3d | Panorama
(From left) Sadia Haque, Sylvana Quader Sinha and Tasfia Tasbin. Sketch: TBS

Meet the women driving Bangladesh’s startup revolution

3d | Panorama
Illustration: TBS

The GOAT of all goats!

5d | Magazine

More Videos from TBS

Power shift in Chinese politics, Is Li Qiang emerging in Xi Jinping's shadow?

Power shift in Chinese politics, Is Li Qiang emerging in Xi Jinping's shadow?

13h | TBS World
Commercial cultivation of red and black grapes on the soil of Bangladesh

Commercial cultivation of red and black grapes on the soil of Bangladesh

41m | TBS Stories
Eid joy fills the capital, with residents busy performing animal sacrifices

Eid joy fills the capital, with residents busy performing animal sacrifices

20h | TBS Today
Chief Advisor offers Eid prayers at National Eidgah

Chief Advisor offers Eid prayers at National Eidgah

20h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net