Stressed Wall Street execs flock to ketamine therapy sessions
Therapy’s a trip for these Wall Street executives.
Wealthy stock traders are flocking to a Manhattan-based ketamine therapy practice that doles out the hallucinogenic drug in a lavish setting to treat depression, stress and burn-out syndrome, according to the psychiatrist who runs it.
The Jeff Ditzell Psychiatry center in the Financial District legally doses patients with the drug — best known as a psychedelic party favor — via IV drip for $750 a pop, Ditzell told The Post Wednesday.
“We see a lot of Wall Street traders,” Ditzell said, adding 30 to 40% of his clients work in the financial industry.
“You could say they’re coming in droves. It’s a high-stress job and these humans are performance-driven.”
During the sessions, patients slip on headphones and recline in a pod-like leather chair while surrounded by abstract art, plants and aroma therapy.
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“The experience of the infusion is enjoyable for most people. It’s mildly psychedelic,” he said. “If you pay attention to warmth, lighting, comfort, you get a better effect.”
“In the majority of people, it works and rapidly,” Ditzell said, adding there’s often a “50% reduction of stress and anxiety.”
Patients wear a sleeping mask while receiving 40-minute-long infusions of the drug, which was first used as a horse tranquilizer, and has since been shown to help some cases of depression and post-traumatic stress.
Ditzell’s clinic has attracted scores of executives from nearby Wall Street, who want to “hack their neurochemistry” with “performance-based coaching” in order to “boost productivity,” Ditzell said. Many patients supplement the infusions with talk therapy for an additional fee.
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People with debilitating depression who have unsuccessfully tried other forms of treatment can legally do ketamine at clinics in New York and across the US. It’s a schedule III drug but and can be prescribed “off-label” treatment for depression in private clinics.
In recent years, ketamine clinics have popped up in New York at a rapid rate, along with other US cities like Houston, Miami, Los Angeles and Seattle.
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An estimated 100 treatment centers nationwide now offer the service compared to just a handful a decade ago.
Their popularity comes after several recent studies showed a low dose of the drug may help treat depression and PTSD.