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IV Ketamine

Icahn School of Medicine at Mount Sinai · Phase 3 active Small molecule ✓ Verified May 2026

IV Ketamine is a NMDA receptor antagonist Small molecule drug developed by Icahn School of Medicine at Mount Sinai. It is currently in Phase 3 development for Treatment-resistant depression, Acute suicidal ideation and behavior, Chronic pain conditions. Also known as: ketamine hydrochloride, Ketamine Hydrochloride Injection, Ketamine hydrochloride, No other.

IV ketamine is an NMDA receptor antagonist that blocks glutamate signaling in the brain, producing rapid-onset dissociative and analgesic effects.

IV Ketamine is used in medical settings to study its effects on various conditions, including fractures, intubation complications, and minor surgical procedures. It has been studied in combination with other anesthetics, such as propofol, and as a standalone treatment in clinical trials.

Likelihood of approval
55.3% vs 58.3% industry baseline
If approved by FDA: likely 2028–2030
Steps remaining: NDA/BLA submission
Confidence: High
Why this estimate
  • Baseline phase 3 → approval rate +58.3pp
    Industry-wide phase 3 drugs reach approval ~58.3% of the time (BIO/Informa 2023 industry benchmark across all therapeutic areas).
  • CNS / neurology attrition -3.0pp
    CNS drugs have historically high Phase 3 failure rates (notably in Alzheimer disease + major depression).
Predicted approval windows by jurisdiction (conditional on FDA approval)
Regulator Country Likely year Lag vs FDA
FDA US 2028–2030
EMA EU 2029–2031 +0.7 yr
MHRA GB 2029–2031 +0.7 yr
Health Canada CA 2029–2032 +0.9 yr
TGA AU 2029–2032 +1.2 yr
PMDA JP 2029–2032 +1.5 yr
NMPA CN 2030–2033 +2.3 yr
MFDS KR 2029–2032 +1.4 yr
CDSCO IN 2029–2033 +1.8 yr
ANVISA BR 2030–2033 +2.3 yr

Hover any row for the lag rationale. Lag estimates are reduced when the drug has FDA Breakthrough or EMA PRIME designation (sponsors file globally in parallel).

Estimate based on the BIO/Informa industry phase transition rates plus per-drug modifiers for therapeutic area, sponsor type, FDA designations, mechanism, and trial design. Per-jurisdiction lags from Tufts CSDD international approval studies. Not investment, clinical or regulatory advice. Methodology: /methodology#likelihood.

At a glance

Generic nameIV Ketamine
Also known asketamine hydrochloride, Ketamine Hydrochloride Injection, Ketamine hydrochloride, No other
SponsorIcahn School of Medicine at Mount Sinai
Drug classNMDA receptor antagonist
TargetNMDA receptor
ModalitySmall molecule
Therapeutic areaPsychiatry / Pain Management
PhasePhase 3

Mechanism of action

Ketamine acts as a non-competitive antagonist at the N-methyl-D-aspartate (NMDA) receptor, a major excitatory glutamate receptor in the central nervous system. This mechanism produces dissociation, analgesia, and sedation. In psychiatric applications, particularly for treatment-resistant depression, ketamine's rapid antidepressant effects are thought to involve downstream signaling cascades including mTOR pathway activation and increased synaptic plasticity, distinct from traditional monoamine-based antidepressants.

Approved indications

Common side effects

Key clinical trials

Primary sources

Every claim on this page is sourced from regulatory or scientific primary sources. See our editorial policy for full methodology.

SourceUsed for
ClinicalTrials.govTrial enrolment, design, endpoints, results

Competitive intelligence

For the full competitive landscape — auto-detected comparators, recent regulatory actions across the set, upcoming PDUFA, patent timeline, sponsor landscape:

Frequently asked questions about IV Ketamine

What is IV Ketamine?

IV Ketamine is a NMDA receptor antagonist drug developed by Icahn School of Medicine at Mount Sinai, indicated for Treatment-resistant depression, Acute suicidal ideation and behavior, Chronic pain conditions.

How does IV Ketamine work?

IV ketamine is an NMDA receptor antagonist that blocks glutamate signaling in the brain, producing rapid-onset dissociative and analgesic effects.

What is IV Ketamine used for?

IV Ketamine is indicated for Treatment-resistant depression, Acute suicidal ideation and behavior, Chronic pain conditions.

Who makes IV Ketamine?

IV Ketamine is developed by Icahn School of Medicine at Mount Sinai (see full Icahn School of Medicine at Mount Sinai pipeline at /company/icahn-school-of-medicine-at-mount-sinai).

Is IV Ketamine also known as anything else?

IV Ketamine is also known as ketamine hydrochloride, Ketamine Hydrochloride Injection, Ketamine hydrochloride, No other.

What drug class is IV Ketamine in?

IV Ketamine belongs to the NMDA receptor antagonist class. See all NMDA receptor antagonist drugs at /class/nmda-receptor-antagonist.

What development phase is IV Ketamine in?

IV Ketamine is in Phase 3.

What are the side effects of IV Ketamine?

Common side effects of IV Ketamine include Dissociation, Dizziness, Nausea, Increased blood pressure, Sedation, Headache.

What does IV Ketamine target?

IV Ketamine targets NMDA receptor and is a NMDA receptor antagonist.

Related

Primary sources · FDA · ClinicalTrials.gov · EMA · SEC EDGAR · ChEMBL · Wikidata · full sourcing