Efficacy, Effectiveness, and Safety of Psilocybin and Ketamine versus Conventional Treatments or Placebo in Adults with Treatment-Resistant Depression: A Systematic Review
DOI:
https://doi.org/10.69980/ajpr.v28i5.565Keywords:
Depressive Disorder; Treatment-Resistant; Psilocybin; Ketamine; Antidepressive Agents; Randomized Controlled Trials as TopicAbstract
Background: Treatment-resistant depression (TRD) is a severe form of major depressive disorder that does not respond to at least two adequate antidepressant trials. Emerging evidence suggests that psilocybin and ketamine may produce rapid, clinically meaningful antidepressant effects, but no prior systematic review has directly compared their efficacy, effectiveness, and safety in TRD.
Objective: To systematically assess the efficacy, real-world effectiveness, and safety of psilocybin and ketamine/esketamine compared with conventional pharmacologic treatments or placebo in adults with TRD.
Methods: Following PRISMA guidelines, we included randomized controlled trials (RCTs), open-label, and prospective observational studies in adults with TRD. Primary outcomes were changes in depressive symptoms (e.g., MADRS, QIDS-SR16), response/remission rates, and safety. Due to clinical heterogeneity, no meta-analysis was performed.
Results: Nine studies met inclusion criteria. Psilocybin (25 mg COMP360) reduced MADRS scores by 12.0 points at 3 weeks versus 5.4 with placebo (adjusted difference: −6.6; p < 0.001). In another RCT, remission rates were higher with psilocybin (57%) versus escitalopram (28%). Intravenous ketamine (0.5 mg/kg) produced ~8-point MADRS reductions at 24h, with 64% achieving response versus 28% with placebo. Intranasal esketamine showed 4–6 point greater MADRS reductions over 4 weeks compared to placebo. Adverse effects for both agents, including dissociation, nausea, and mild hypertension, were transient and manageable.
Conclusions: Both psilocybin and ketamine demonstrate rapid antidepressant effects with acceptable safety in TRD. Psilocybin may achieve sustained remission with minimal dosing, while ketamine/esketamine require ongoing administration. Further long-term, head-to-head trials are warranted to establish comparative effectiveness and durability of response.
References
1. American Psychiatric Association. (n.d.). DSM. Psychiatry.org. Retrieved May 5, 2025, from https://www.psychiatry.org/psychiatrists/practice/dsm
2. Carhart-Harris, R. L., Bolstridge, M., Rucker, J., Day, C. M. J., Erritzoe, D., Kaelen, M., Bloomfield, M., Rickard, J. A., Forbes, B., Feilding, A., Taylor, D., Pilling, S., Curran, H. V., & Nutt, D. J. (2016). Psilocybin with psychological support for treatment-resistant depression: An open-label feasibility study. The Lancet Psychiatry, 3(7), 619–627. https://doi.org/10.1016/S2215-0366(16)30065-7
3. Davis, A. K., Barrett, F. S., May, D. G., Cosimano, M. P., Sepeda, N. D., Johnson, M. W., Finan, P. H., Griffiths, R. R., & Dyer, N. L. (2021). Effects of psilocybin-assisted therapy on major depressive disorder: A randomized clinical trial. JAMA Psychiatry, 78(5), 481–489. https://doi.org/10.1001/jamapsychiatry.2020.3285
4. Kessler, R. C., Berglund, P., Demler, O., Jin, R., Koretz, D., Merikangas, K. R., Rush, A. J., Walters, E. E., & Wang, P. S. (2003). The epidemiology of major depressive disorder: Results from the National Comorbidity Survey Replication (NCS-R). JAMA, 289(23), 3095–3105. https://doi.org/10.1001/jama.289.23.3095
5. Feder, A., Parides, M. K., Murrough, J. W., Perez, A. M., Morgan, J. E., Saxena, S., Kirkwood, K., Aan Het Rot, M., Lapidus, K. A., Wan, L.-B., Iosifescu, D. V., & Charney, D. S. (2014). Efficacy of intravenous ketamine for treatment of chronic posttraumatic stress disorder: A randomized clinical trial. JAMA Psychiatry, 71(6), 681–688. https://doi.org/10.1001/jamapsychiatry.2014.62
6. Medscape. (n.d.). FDA grants psilocybin second breakthrough therapy designation. Retrieved May 5, 2025, from https://www.medscape.com /viewarticle/921789
7. Rush, A. J., Trivedi, M. H., Wisniewski, S. R., Nierenberg, A. A., Stewart, J. W., Warden, D., Niederehe, G., Thase, M. E., Lavori, P. W., Lebowitz, B. D., McGrath, P. J., Rosenbaum, J. F., Sackeim, H. A., Kupfer, D. J., Luther, J., & Fava, M. (2006). Acute and longer-term outcomes in depressed outpatients requiring one or several treatment steps: A STAR*D report. American Journal of Psychiatry, 163(11), 1905–1917. https://doi.org/10.1176/ajp.2006.163.11.1905
8. Zarate, C. A., Singh, J. B., Carlson, P. J., Brutsche, N. E., Ameli, R., Luckenbaugh, D. A., Charney, D. S., & Manji, H. K. (2006). A randomized trial of an N-methyl-D-aspartate antagonist in treatment-resistant major depression. Archives of General Psychiatry, 63(8), 856–864. https://doi.org/10.1001/archpsyc.63.8.856
9. Goodwin, G. M., Aaronson, S. T., Alvarez, O., Arden, P. C., Baker, A., Bennett, J. C., Bird, C., Blom, R. E., Bonin, L., Carhart-Harris, R., Chalon, S., de Boer, P., de la Fuente Revenga, M., et al. (2022). Single-dose psilocybin for a treatment-resistant episode of major depression. New England Journal of Medicine, 387(18), 1637–1648. https://doi.org/10.1056/NEJMoa2206443
10. Carhart-Harris, R., Giribaldi, B., Watts, R., Baker-Jones, M., Murphy-Beiner, A., Murphy, R., Martell, J., Blemings, A., Erritzoe, D., & Nutt, D. J. (2021). Trial of psilocybin versus escitalopram for depression. New England Journal of Medicine, 384(15), 1402–1411. https://doi.org/ 10 .1056/NEJMoa2032994
11. Carhart-Harris, R. L., Bolstridge, M., Rucker, J., Day, C. M. J., Erritzoe, D., Kaelen, M., Bloomfield, M., Rickard, J. A., Forbes, B., Feilding, A., Taylor, D., Pilling, S., Curran, H. V., & Nutt, D. J. (2016). Psilocybin with psychological support for treatment-resistant depression: An open-label feasibility study. The Lancet Psychiatry, 3(7), 619–627. https://doi.org/10.1016/S2215-0366(16)30065-7
12. Aaronson, S. T., van der Vaart, A., Miller, T., LaPratt, J., Swartz, K., Shoultz, A., & Winokur, A. (2025). Single-dose psilocybin for depression with severe treatment resistance: An open-label trial. American Journal of Psychiatry, 182(1), 104–113. https://doi.org/10.1176/ appi.ajp.2024.23010073
13. Murrough, J. W., Iosifescu, D. V., Chang, L. C., Al Jurdi, R. K., Green, C. E., Perez, A. M., Iqbal, S., Pillemer, S., Foulkes, A., Shah, A., Charney, D. S., & Mathew, S. J. (2013). Antidepressant efficacy of ketamine in treatment-resistant major depression: A two-site randomized controlled trial. American Journal of Psychiatry, 170(10), 1134–1142. https://doi.org/10.1176/appi.aj p.2013.13030392
14. Bahji, A., Zarate, C. A., & Vazquez, G. H. (2022). Efficacy and safety of racemic ketamine and esketamine for depression: A systematic review and meta-analysis. Expert Opinion on Drug Safety, 21(6), 853–866. https://doi.org /10.1080/14740338.2022.2072713
15. Fedgchin, M., Trivedi, M., Daly, E. J., Melkote, R., Lane, R., Lim, P., Shelton, R. C., Winokur, A., Gastiaburu, I., & Van Nueten, L. (2019). Efficacy and safety of fixed-dose esketamine nasal spray combined with a new oral antidepressant in treatment-resistant depression: Results of a randomized, double-blind, active-controlled study (TRANSFORM-1). International Journal of Neuropsychopharmacology, 22(10), 616–630. https://doi.org/10.1093/ijnp/pyz039
16. Rhee, T. G., Shim, S. R., Forester, B. P., Nierenberg, A. A., McIntyre, R. S., Papakostas, G. I., Rosenblat, J. D., Lee, Y., Kim, J., Kim, S. W., & Cho, S. J. (2022). Efficacy and safety of ketamine vs electroconvulsive therapy among patients with major depressive episode: A systematic review and meta-analysis. JAMA Psychiatry, 79(12), 1162–1172. https://doi.org/10.1001/jamapsychiatry.2022.2740
17. Szigeti, B., Weiss, B., Rosas, F. E., Erritzoe, D., Nutt, D., & Carhart-Harris, R. (2024). Assessing expectancy and suggestibility in a trial of escitalopram v. psilocybin for depression. Psychological Medicine, 54(8), 1717–1724. https://doi.org/10.1017/S0033291722003874
18. Weiss, B., Erritzoe, D., Giribaldi, B., Nutt, D. J., & Carhart-Harris, R. L. (2023). A critical evaluation of QIDS-SR-16 using data from a trial of psilocybin therapy versus escitalopram treatment for depression. Journal of Psychopharmacology, 37(7), 717–732. https://doi.org/10.1177/02698811231179313
19. Lapidus, K. A. B., Levitch, C. F., Perez, A. M., Brallier, J. W., Parides, M. K., Soleimani, L., Feder, A., Iosifescu, D. V., Charney, D. S., & Murrough, J. W. (2014). A randomized controlled trial of intranasal ketamine in major depressive disorder. Biological Psychiatry, 76(12), 970–976. https://doi.org/10.1016/j.biopsych.2014.03.026
20. Real-world effectiveness of ketamine in treatment-resistant depression: A systematic review & meta-analysis. (2022). Journal of Psychiatric Research, 151, 693–709. https://doi.org/10.1016/j.jpsychires.2022.05.024
21. Daly, E. J., Singh, J. B., Fedgchin, M., Cooper, K., Lim, P., Shelton, R. C., Thase, M. E., Winokur, A., Van Nueten, L., Manji, H., & Drevets, W. C. (2018). Efficacy and safety of intranasal esketamine adjunctive to oral antidepressant therapy in treatment-resistant depression: A randomized clinical trial. JAMA Psychiatry, 75(2), 139–148. https://doi.org/10.1001/jamapsychiatry.2017.3739
Downloads
Published
Issue
Section
License
Copyright (c) 2025 American Journal of Psychiatric Rehabilitation

This work is licensed under a Creative Commons Attribution 4.0 International License.
This is an Open Access article distributed under the terms of the Creative Commons Attribution 4.0 International License permitting all use, distribution, and reproduction in any medium, provided the work is properly cited.