Psychedelic Stocks Surge After Trump Signs Order Fast-Tracking Drug Research

The only drug named in Trump’s executive order is ibogaine, a psychedelic commonly used to treat depression, anxiety and PTSD among veterans. The drug, a Schedule I substance banned in the U.S., has been backed by Republicans in Texas in recent years who argue in favor of ibogaine’s success with veterans.


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Source: https://www.forbes.com/sites/tylerroush/2026/04/20/psychedel…