No, like the Bergen 4 day treatment which is continuing to show highly promising results against severe anxiety disorders.

The use of psychedelics and ketamine for treatment of ptsd and depression respectively are also very promising.

There are advances being made in the treatment of psychotic disorders both on therapy side and on the medication side, with less harmful antipsychotics in development. And the need for chronic antipsychotic treatment(which is quite harmful in many ways) being questioned more and more.

You might wanna do some research before implying the field hasn't moved at all in the last 50 years...