Trial Report Efficacy and Safety of Psilocybin in Treatment-Resistant Major Depression. The EPISODE Randomized Clinical Trial, 2026, Mertens et al.

Chandelier

Senior Member (Voting Rights)

Key Points
Question What are the efficacy and safety of psilocybin, 25 mg, with adjunct psychotherapy in treatment-resistant major depression (TRD)?

Findings In this randomized clinical trial including 144 adults with TRD, there were nonsignificant differences in the response rate on the Hamilton Rating Scale for Depression at 6 weeks (primary end point) for psilocybin, 25 mg; psilocybin, 5 mg; and nicotinamide.
However, secondary outcomes showed clinically meaningful reductions in depressive symptoms for psilocybin, 25 mg vs comparators.

Meaning Although the primary end point was negative, secondary outcomes suggest that psilocybin, 25 mg, with adjunct psychotherapy may exert clinically meaningful antidepressant effects in TRD.

Abstract

Importance Psilocybin shows promise in treating depression, although limitations of previous research warrant further research.

Objective To investigate the efficacy and safety of oral psilocybin, 25 mg, with adjunct psychotherapy in treatment-resistant depression (TRD).

Design, Setting, and Participants This was a 2-center, triple-blinded (investigator, participant, rater), phase 2b, active placebo-controlled randomized clinical trial. Participants were randomized to 4 groups in ratios 2:2:1:1, receiving 2 doses 6 weeks apart (week 0, week 6) as follows: (1) placebo (nicotinamide, 100 mg) then psilocybin, 25 mg; (2) psilocybin, 5 mg, then 25 mg; and (3) psilocybin, 25 mg, then 5 mg or psilocybin, 25 mg, twice embedded in psychotherapeutic sessions.
Participants aged 25 to 65 years with TRD and withdrawn from antidepressant medication were recruited predominantly from 2 outpatient settings in Germany.
Study data were analyzed from April 2024 to November 2025.

Interventions Oral synthetic psilocybin, 25 mg; psilocybin, 5 mg; or nicotinamide, 100 mg administered with psychotherapeutic sessions.

Main Outcomes and Measures The primary end point was treatment response (≥50% reduction on the Hamilton Rating Scale for Depression [HAMD17]) at week 6 before the second dose.
Key secondary end points were response on the Beck Depression Inventory II (BDI-II) and mean change from baseline on the HAMD17 and BDI-II at week 6.

Results A total of 144 participants (mean [SD] age, 42.6 [10.8] years; 85 male [59.0%]) were randomized, and 142 were included in the primary efficacy analysis: psilocybin, 25 mg (n = 47), psilocybin, 5 mg (n = 48), and nicotinamide (n = 47).
Response rates on the primary end point were 17.0% in the group receiving psilocybin, 25 mg; 12.5% in the group receiving psilocybin, 5 mg; and 10.6% in the group receiving nicotinamide.
The first hierarchical comparison was nonsignificant (psilocybin, 25 mg vs nicotinamide, adjusted odds ratio [OR], 1.73; 95% CI, 0.53-6.23; P = .19; 1-sided α P = .03); consequently, further formal testing was not performed.
Analyses of key secondary end points (mean changes from baseline on HAMD17 and BDI-II) provided exploratory evidence of a clinically meaningful effect of psilocybin, 25 mg.
Psilocybin, 25 mg, was linked to adverse events, predominantly acutely, and was associated with higher reports of suicidal ideation on dosing days (4% vs 1%-2% in comparator conditions).
Two serious adverse reactions were reported after psilocybin, 25 mg, including 1 case of hallucinogen persisting perception disorder.

Conclusion and Relevance In this randomized clinical trial, psilocybin, 25 mg, with adjunct psychotherapy, was associated with a clinically meaningful reduction in depressive symptoms in individuals with TRD, although findings did not show a significant effect on the primary outcome.
The treatment was well tolerated by most participants, although safety signals were observed.
While overall this constituted an inconclusive trial, these results add to the existing evidence on the potential of psilocybin treatment for depression.
 
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This study caught my eye because it gets praise for it’s methodology.
Auto translation from an article in Der Spiegel:

Despite the study missing its primary endpoint, researchers not involved in the work expressed positive views to the Science Media Centre. They described the trial as comparatively “large” and “rigorously” conducted, its design “methodologically strong” and “sophisticated,” and its results high‑quality.

“There was a somewhat lower efficacy compared with earlier studies, which, however, did not meet the strict criteria regarding active placebos,” said Matthias Liechti, head of clinical pharmacology and toxicology at University Hospital Basel. He also emphasized that the effect was measured only six weeks after the first dose, meaning earlier—and potentially stronger—effects were not captured.

Failing to reach the primary endpoint of a 50 percent improvement is no reason to doubt psilocybin in principle. “Rather, the overall strength of the effect must currently be assessed more realistically—and likely as lower,” Liechti said, pointing to the positive findings from the additional analyses.
 
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