Direct receptor and transporter effects
Experimental work suggests that ibogaine interacts with multiple systems rather than behaving as a selective drug. Proposed actions include NMDA receptor antagonism, opioid receptor activity, inhibition of monoamine transporters, and effects involving nicotinic acetylcholine receptors and sigma sites. This pattern is often called polypharmacology: one compound produces pharmacological effects through more than one molecular target.
That matters because the NMDA receptor’s role in excitatory signaling is only one part of a much wider picture. Binding findings can help generate hypotheses, but they do not by themselves establish which target drives a particular experience or later change.