Prognosis
Now legal in New Zealand
View in browser
Bloomberg

Prognosis is exclusively for Bloomberg.com subscribers. As a loyal reader, you’re receiving a complimentary trial. If you’d like to continue receiving Prognosis, and gain unlimited digital access to all of Bloomberg.com, we invite you to subscribe now at the special rate of $149 for your first year (usually $299).

Hi, it’s Karoline in Singapore, where the use of hallucinogens is largely illegal and subject to severe penalties. But one nation just allowed medical use of “magic mushrooms”. But before I tell you more...

Today’s must-reads

Mushroom nod

Psilocybin, a hallucinogen found in more than 200 species of “magic mushrooms” was defined by the UN’s 1971 Convention on Psychotropic Substances as a drug with high potential for abuse and not recognized for medical use. But in recent years, studies have shown that it can relieve severe depression when taken in conjunction with psychotherapy. 

This week, New Zealand allowed the prescription of medicinal psilocybin outside of clinical trials for the first time. 

David Seymour, New Zealand’s Associate Minister for Health, said his government is giving Kiwis greater access to more treatments, including granting a very “highly experienced” psychiatrist the authority to prescribe psilocybin to patients with treatment-resistant depression. 

New Zealand’s move makes it one of a handful countries where specific psychiatrists are authorized to prescribe psilocybin for mental disease treatments, including Australia, Switzerland and Canada. 

“This is huge for people with depression who’ve tried everything else and are still suffering.” Seymour said in a statement, which didn’t state when the policy shift would take effect.  “If a doctor believes psilocybin can help, they should have the tools to try.” 

Psilocybin can cause euphoria, changes in perception, perceived spiritual experiences and feelings of detachment, according to American Society for Microbiology. When given under medical supervision in controlled conditions, however, the substance can be useful in treating various mental conditions, like depression, research has shown

Seymour also announced that melatonin, a hormone that helps induce sleep, will become available over the counter for all adults in the country. It had been classified as a prescription-only medicine in New Zealand, with a few melatonin products approved for people aged over 55 to get over the counter. 

“Kiwis shouldn’t be left counting sheep or desperate for options when other countries are already using these medicines,” Seymour said. — Karoline Kan

What we’re reading

Doctors expecting to begin medical residencies in the US are facing Trump administration travel bans, the New York Times reports.

Teenagers who are addicted to screens are more likely to report suicidal thoughts, NPR reports

A new Covid variant is causing “razor blade” sore throats, the Associated Press reports.

Contact Prognosis

Health questions? Have a tip that we should investigate? Contact us at AskPrognosis@bloomberg.net.

Follow Us

Like getting this newsletter? There's more where that came from. Browse all our weekly and daily emails to get even more insights from your Bloomberg.com subscription.

Want to sponsor this newsletter? Get in touch here.

You received this message because you are subscribed to Bloomberg's Prognosis newsletter. If a friend forwarded you this message, sign up here to get it in your inbox.
Unsubscribe
Bloomberg.com
Contact Us
Bloomberg L.P.
731 Lexington Avenue,
New York, NY 10022
Ads Powered By Liveintent Ad Choices