Emyria (ASX:EMD) reports promising interim results in MDMA-assisted therapy for PTSD

Emyria Limited (ASX:EMD) has announced encouraging interim results from its MDMA-assisted therapy (MDMA-AT) program for Post-Traumatic Stress Disorder (PTSD), initiated in October 2023.

The early findings from an initial cohort of eight patients reveal substantial improvements in both PTSD symptoms and overall quality of life, positioning Emyria as a leader in innovative mental health treatments.

Key Highlights:

Significant Reduction in PTSD Symptoms: All eight patients, who previously experienced moderate to severe PTSD with minimal relief from standard treatments, reported substantial improvements after completing the program at Emyria’s Empax Centre.

The average reduction in PTSD symptoms, as measured by the PCL-5 scale, was a remarkable 33 points. Notably, all participants achieved clinically meaningful improvements, with several patients reducing their PCL-5 scores to below 30, a critical threshold indicating significant symptom alleviation.

Enhanced Quality of Life: Patients in Emyria’s MDMA-AT program reported a significant 22-point average improvement on the ReQoL scale, highlighting the program’s potential to enhance overall well-being beyond just symptom relief.

Data-Driven Care and Expansion Plans: Emyria continues to advance its care models through the application of Real-World Data (RWD), setting new standards in PTSD treatment.

The company is actively working to scale its operations, with plans to expand its programs into new locations and enhance access to these innovative therapies.

Discussions are underway with private hospitals and third-party payers to support this expansion and secure reimbursement pathways.

Strategic and Market Implications:

The interim results underscore the significant market potential for MDMA-AT in Australia, where an estimated 400,000 individuals could benefit from this therapy.

Emyria’s CEO, Michael Winlo, emphasised the company’s unique position to lead the global development of MDMA-AT, particularly as Australia remains the only jurisdiction with a legal access pathway for these therapies under stringent oversight.

“These early Real-World results from our MDMA-Assisted Therapy program highlight the significant potential of this approach for PTSD care,” said Winlo. “Emyria is uniquely positioned to lead the global development and refinement of this treatment as Australia is currently the only jurisdiction permitting these therapies under stringent oversight.”

Looking Ahead:

Emyria’s expansion strategy is supported by its existing revenue streams, minimising the need for significant upfront capital. The company has already onboarded additional therapists and medical practitioners to meet the increasing demand. Furthermore, Emyria is poised to extend its reach across Australia’s east coast, enhancing its ability to deliver cutting-edge mental health care nationwide.

Emyria invites stakeholders and investors to learn more about these promising developments at upcoming presentations, including the WA Branch Conference of the Royal Australian and New Zealand College of Psychiatrists on 6-7 September 2024.

This release reflects Emyria’s ongoing commitment to addressing the unmet needs in PTSD care, providing hope for patients who have not found relief through conventional treatments, and setting the stage for broader adoption of MDMA-assisted therapy globally.

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