Emyria's PTSD Program Delivers Lasting Recovery
Released
Released
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Emyria ASX Announcement | 02 February 2026
ASX RELEASE.
02 February 2026
Emyria's PTSD Program Delivers Lasting Recovery:
Two Thirds of Patients in Remission 12+ Months After Treatment
Key Highlights:
Emyria Limited (ASX: EMD) (“Emyria”, or the “Company”) a leader in innovative mental health
treatments, announces clinically significant long-term results from its PTSD treatment
program. 12+ months post treatment data as of December 31, 2025, demonstrates durable
remission for ~67% of patients, and ongoing clinically significant benefits for ~76%, reinforcing
the potential of a lower total cost-of-care model compared with ongoing standard treatments.
These results are drawn from Emyria’s real-world clinical services delivered under Australia’s
regulated access pathways and build on positive 6-month follow-up data shared previously. 2
Durable, lasting improvement
Emyria's PTSD program treats patients with severe, long-standing symptoms and for whom
multiple previous treatments have failed. The Company tracks PTSD symptom severity from
program entry using internationally recognised metrics, including the PCL-5 scale. 3
The long-term post-treatment follow-up data indicate that two-thirds of patients exhibit:
• Large symptom reductions by end of treatment
• Sustained improvement at 12 months and beyond with no return to severe symptoms
• Continued improvement, in some cases even after active treatment ends
This pattern suggests that Emyria’s PTSD treatment program is producing durable clinical
benefits for most patients in a highly treatment resistant cohort. Routine safety monitoring
during follow-up did not identify any severe adverse reactions or safety concerns.
How many patients improve?
Across patients who completed treatment and follow-up, approximately two-thirds achieved
remission, meaning their PTSD symptoms dropped below the diagnostic clinical threshold (i.e.
a score of 32 or less on the PCL-5 scale). ~76% experienced clinically significant improvements.
The data demonstrates that some patients respond within weeks of treatment while others
improve gradually over several months. The median time to remission is around 28 days from
first treatment. Importantly, once patients recover, most remain in remission 1 year after
treatment. The majority who reached sub-clinical symptom levels remained there at
subsequent follow-up, demonstrating genuine durability.
• Two-thirds of patients in clinical remission 12 months post treatment. PTSD symptom
scores remain below the diagnostic clinical threshold (remission) 12+ months post-
treatment, evidence of sustained relief
• Median recovery time ~1 month. 50% of patients reach remission within 28 days of the
start of treatment, a further ~16% reach remission during the follow-up period.
• Strong commercial traction. 100+ patients have been screened and are seeking
treatment, many with private health insurance funding support 1
(as at Dec 31st
, 2025).
• Revenue driver confirmed. Durable outcomes are desirable to major payers. Emyria’s
data supports Company’s mission to deliver a sustainable reimbursement model
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Emyria ASX Announcement | 02 February 2026 2
Figure 1: Mean PTSD Symptom Scores Over Time (PCL-5)
Mean PTSD symptom severity (PCL-5) shown across key treatment and follow-up timepoints for all available
patients receiving treatment. Scores decline rapidly during active treatment and remain below the commonly used
clinical threshold for PTSD (PCL-5 ≤ 32, green shaded region) at 6-month and ≥12-month follow-up. Blue shaded
bands represent 95% confidence intervals. Timepoints are spaced by average time interval between visits.
Figure 2: Start vs End of Treatment vs 12-month+ Follow-up (PCL-5)
Mean PCL-5 scores with 95% confidence intervals for an initial cohort of 10 patients with complete matched data at
baseline, end of treatment, and ≥12-months post-treatment follow-up completing a single course of treatment.
Mean symptom severity falls markedly by the end of treatment and remains in sub-clinical range (PCL-5 ≤ 32) at
long-term follow-up, consistent with durable benefit. Note: While additional patients have reached the 12-month
follow-up period, this analysis includes only those with complete assessments at all three timepoints to enable
within-subject trajectory analysis.
What about patients who don't respond initially?
Emyria’s protocol follows all patients, including those that respond more slowly, in order to
evaluate treatment indication markers and whether additional treatment cycles or modified
approaches may be of benefit. This real-world learning supports the Company’s ongoing focus
on treatment protocol refinement.
ASX RELEASE
Emyria ASX Announcement | 02 February 2026 3
Tackling PTSD and building a scalable treatment
PTSD affects approximately 1 in 11 Australians during their lifetime 4
and over 17% of
transitioned defence force veterans in any 12-month period 5
representing a substantial
component of Australia's mental health burden. Many patients fail to achieve lasting recovery
with existing treatments, creating significant unmet need and costs to the health system.
Since program inception in November 2023, more than 40 patients have completed Emyria’s
PTSD treatment program. As at 31 December 2025, over 100 patients had completed screening
and were either actively receiving treatment or waiting for commencement demonstrating
strong demand for Emyria’s specialist-led care programs.
Alongside PTSD, Emyria is screening patients across a broader set of indications, including its
depression treatment program. Looking ahead, a further 67 patients are booked for screening
in Q1 CY2026, providing a visible forward pipeline across Emyria’s programs.6
Emyia’s programs are already funded by private health insurers, and engagement from
government-linked payers is increasing as long-term outcome data emerges.
Why these results matter:
1. Clinical credibility. Two-thirds recovery rate with durable benefits and no drop-outs
builds confidence in the treatment model. Compare with standard therapy approaches
for PTSD which can have drop-out rates of 20-40%. 7
2. Revenue and demand sustainability. Real-World Data shows durable clinical
outcomes, suggesting reduced relapses, re-hospitalisation, and ongoing reliance on
less effective treatments. For payers, this translates to lower lifetime costs, supporting
long-term funder confidence.
3. Scalable model. Real-world evidence generation creates a competitive moat and
supports expansion efforts and ongoing program improvement.
4. Market validation. 100+ patients in pipeline demonstrates need is substantial.
Medical Director Dr. Jon Laugharne commented: "Seeing two-thirds of patients with severe,
treatment-resistant PTSD achieve lasting recovery is clinically significant. The durability of
these results suggests we're facilitating genuine recovery, not temporary symptom
suppression. Importantly, we are now extending this longitudinal outcome framework to our
depression treatment programs.”
Executive Chair Greg Hutchinson: "That the majority of patients undergoing Emyria’s
treatments are achieving durable and often immediate benefit is impactful, not just for the
patient, but also for their families and friends. It’s also important to other stakeholders in the
mental healthcare system, from practitioners who are witnessing previously inaccessible
results, to payers seeking more cost-effective options.
We're building a data-driven platform that is driving practitioner and patient acquisition, and
sustainable geographic growth across a nation-wide clinic network.”
This release has been approved by the Board of Emyria.
For further information, investment opportunities, or more about Emyria’s approach to
mental health treatment, please contact:
Greg Hutchinson
Executive Chair
1300 436 363 | investors@emyria.com
ASX RELEASE
Emyria ASX Announcement | 02 February 2026 4
EMYRIA’S INTERACTIVE INVESTOR HUB
Investorhub.emyria.com Interact with Emyria’s announcements and updates by
asking questions and comments, which our team can respond to where possible
References:
1. See ASX release 18 June 2025
2. See ASX release 25 May 2025
3. Marx BP, et al. Reliable and clinically significant change in the clinician-administered PTSD Scale for DSM-
5 and PTSD Checklist for DSM-5 among male veterans. Psychol Assess. 2022 Feb;34(2):197-203.
4. https://www.aihw.gov.au/mental-health/overview/prevalence-and-impact-of-mental-illness
5. https://www.dva.gov.au/sites/default/files/twrp_key_findings_report_web_acc_final.pdf
6. See ASX release 28 January 2026
7. Varker, T., Jones, K. A., Arjmand, H.-A., et al. (2021). Dropout from guideline-recommended psychological
treatments for posttraumatic stress disorder: A systematic review and meta-analysis. Journal of Affective
Disorders Reports, 4, 100093. https://doi.org/10.1016/j.jadr.2021.100093
Disclosures
These results are derived from real-world clinical practice and have not been peer-reviewed. The data is
observational in nature and reflects outcomes from patients treated within regulated access pathways rather than
a randomised controlled trial. Follow-up is ongoing, and results should be interpreted accordingly.
Risks associated with the use of MDMA, MDMA-inspired compounds and psilocybin
All medicines carry risks and specialist prescribers, such as registered psychiatrists, are best placed to assess the
suitability of a new medication against a patient’s individual circumstances and medical history before proceeding.
Adverse effects of MDMA include high blood pressure, increased pulse rate, faintness, and panic attacks, and in
some rare cases it can cause loss of consciousness or trigger seizures. Other side effects include involuntary jaw
clenching, decreased appetite, restless legs, nausea, headache, sweating and muscle/joint stiffness. Adverse effects
of psilocybin can include temporary increase in blood pressure and a raised heart rate. There may be some risk of
psychosis in predisposed individuals. The effects of MDMA and psilocybin are unlikely at low doses in the treatment
regimens used in psychedelic-assisted psychotherapy while appropriately managed in a controlled environment
with direct medical supervision. The risk profile of the MDMA inspired compounds is currently unknown. The
availability of these products is subject to the safety and efficacy of the products being tested through clinical trials.
Emyria makes no representations or warranties as to the safety or efficacy of the products or the products’ ability
(or the ability of its key compounds) to be used in the treatment of indications such as PTSD. There are currently
no approved products containing MDMA, psilocybin or MDMA inspired compounds that the TGA has evaluated for
quality, safety and efficacy.
CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS Any statements in this press release about future
expectations, plans and prospects for the Company, the Company’s strategy, future operations, and other
statements containing the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,”
“project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” and similar expressions, constitute
forward-looking statements. Actual results may differ materially from those indicated by such forward-looking
statements as a result of various important factors, including: the Company’s ability to successfully develop its
product candidates and timely complete its planned clinical programs and the Company’s ability to obtain
marketing approvals for its product candidates. In addition, the forward-looking statements included in this press
release represents the Company’s views as of the date hereof. The Company anticipates that subsequent events
and developments will cause the Company’s views to change. However, while the Company may elect to update
these forward-looking statements at some point in the future, the Company specifically disclaims any obligation
to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of
any date subsequent to the date hereof.
Emyria Limited develops and delivers new treatments for mental
health and select neurological conditions through an integrated model:
Emyria Healthcare: Evidence-based treatment for patients not finding relief
from conventional care while also evaluating emerging therapies like assisted
therapy for PTSD and assisted therapy for treatment-resistant depression.
Emyria Data: Robust and ethically sourced Real-World Data gathered with
patients to improve Emyria’s therapy and drug development programs.
Emyria’s Pipeline: New psychedelic-assisted therapies and drug treatments
for mental health and select neurological diseases
generates
informs
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