Emyria Reports Strong Progress and Financial Gains in Mental Health Treatment Expansion

Emyria Ltd ( (AU:EMD) ) has provided an announcement.

Emyria Ltd reported significant progress in its treatment programs during the December 2024 quarter, including increased enrollment in its MDMA-assisted therapy for PTSD and ethical endorsement for psilocybin-assisted therapy for depression. The company is expanding payer engagement and has been selected for a sponsored trial, enhancing its clinical capabilities. Financially, Emyria secured $2.525 million through investor placements and received an R&D tax refund, facilitating the growth of its mental health services. The company continues to leverage partnerships and real-world data to optimize treatments and aims to expand its reach across Australia.

More about Emyria Ltd

Emyria Ltd is a company specializing in the development and delivery of innovative treatments for mental health and select neurological conditions. The company’s primary focus is on therapies such as MDMA-assisted therapy for PTSD and psilocybin-assisted therapy for treatment-resistant depression, with an emphasis on expanding access through partnerships with private insurers and government payers. Emyria also engages in drug discovery, particularly with serotonin-releasing agents, in partnership with the University of Western Australia.

YTD Price Performance: 13.33%

Average Trading Volume: 325,832

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$16.12M

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