Emyria Gains Ethics Endorsement for Psilocybin Program
Released
Released
Announcement PDF
Delivering & developing new treatments for mental
health & neurological conditions
ASX Announcement | 28 October 2024
Emyria Secures Ethics Endorsement for Psilocybin-Assisted Therapy
Program
HIGHLIGHTS
Emyria’s lead psychiatrists have received endorsement from the ACT Health Ethics
Committee for its psilocybin-assisted therapy program.
The approval is the first stage of a 2-step evaluation; final approval is still required from
Australia’s Therapeutic Goods Administration and is expected within the next month.
Recent findings suggest that psilocybin-assisted therapy, with psychological support, leads
to long-term improvements in depressive symptoms for treatment-resistant depression. 1
The psilocybin program complements Emyria’s existing MDMA-assisted therapy programs,
reinforcing Emyria’s leadership in medication-assisted therapy delivery and development for
serious mental health conditions.
Emyria Limited (ASX: EMD) (‘Emyria’, or the ‘Company’) is pleased to announce its lead
psychiatrists have received endorsement from the ACT Health Ethics Committee, supporting
the submission of Authorised Prescriber applications with the TGA for its psilocybin-assisted
therapy program targeting treatment-resistant depression.
This endorsement is an important step towards expanding Emyria’s capacity to offer
innovative mental health treatments directly to eligible patients under TGA’s Authorised
Prescriber framework. With TGA approval anticipated in the next month, Emyria will be
amongst a select group capable of offering both MDMA- and psilocybin-assisted therapies, to
eligible patients, backed by its experience in safe, evidence-based mental health care.
Emyria’s founding mission is to maximise patient outcomes by delivering safe and effective
therapies, while continuously gathering data to refine and improve our treatment protocols.
By expanding into psilocybin-assisted therapy, Emyria aims to not only address critical gaps
in care for those with treatment-resistant depression but also to enhance the understanding
and effectiveness of innovative mental health treatments. This data-driven approach
strengthens Emyria’s commitment to pioneering new options for complex mental health
challenges while building a foundation to develop future treatments.
Emyria’s Leadership in New Treatment Delivery and Development
Following the TGA’s rescheduling of MDMA and psilocybin for PTSD and treatment-resistant
depression2, access to these therapies remains limited to clinical trials or specialist
psychiatrists who have secured Authorised Prescriber (AP) status. Achieving AP status
requires endorsement from an NHMRC-accredited ethics committee or the Royal Australian
and New Zealand College of Psychiatrists (RANZCP) and involves submitting a
comprehensive care model that includes psychotherapy and patient monitoring.
Emyria ASX Announcement | 28 Oct 2024
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Emyria to Expand Treatment Programs
For over a year, Emyria has led the evaluation of a real-world MDMA-assisted therapy
program for PTSD 3 from a purpose-built facility 4 and with specially trained clinicians.
Adding psilocybin-assisted therapy to this framework demonstrates Emyria’s unique
leadership and opportunity to deliver, and advance, new options for major unmet needs in
mental health.
Recent Research on Psilocybin Therapy for Treatment-Resistant Depression
About a third of patients with depression experience treatment-resistant depression),
meaning they do not respond to conventional therapies.5 This significant group of
treatment-resistant patients highlights the urgent need for alternative treatment options.
Recent findings published in The Lancet highlight psilocybin’s potential to provide
substantial, long-lasting improvements in depressive symptoms and quality of life for
individuals with moderate-to-severe depression, even after other treatments have failed 1.
This research supports Emyria’s expansion into psilocybin-assisted therapy, building on
our experience with MDMA-assisted therapy and reinforcing our commitment to
providing effective options for complex mental health conditions.
Emyria’s Managing Director, Dr. Michael Winlo, commented: “This ethics endorsement is
a significant milestone in our commitment to delivering effective, evidence-based
treatments for patients with complex mental health needs. By expanding into
psilocybin-assisted therapy alongside our established MDMA program, Emyria is
broadening care options for patients while advancing our mission to continuously improve
these treatments and patient outcomes over the long-term. Emyria is uniquely positioned
to lead in this space, and we’re excited to build on our experience to dramatically improve
health outcomes safely and responsibly.”
References:
1.
2.
3.
4.
DE, Tommaso Barba, et al Effect of psilocybin versus escitalopram on depression symptom
severity in patients with moderate-to-severe major depressive disorder: observational 6-month
follow-up of a phase 2, double-blind, randomised, controlled trial, eClinicalMedicine, Volume 76,
2024, 102799, https://doi.org/10.1016/j.eclinm.2024.102799.
https://www.tga.gov.au/products/unapproved-therapeutic-goods/mdma-and-psilocybin-hub
See ASX release 02 September 2024
See ASX release 09 April 2024
This release has been approved by the Board of Emyria.
For further information, investment opportunities, or more about our approach to
mental health treatment, please contact:
Managing Director
Michael Winlo
+61 (0) 8 6559 2800
mwinlo@emyria.com
Emyria ASX Announcement | 28 Oct 2024
Media Contact
Haley Chartres
+61 (0) 423 139 163
haley@hck.digital
Corporate Advisor
Sufian Ahmed
+61 (0) 412 316 162
info@62capital.com.au
2
emyria.com
Emyria Limited develops and delivers new treatments for mental health and select neurological
conditions through through an integrated model of direct clinical services and drug development:
generates
Emyria Healthcare: Evidence-based treatment for patients not finding relief from
conventional care while also helping evaluate emerging new therapies like
MDMA-assisted therapy for PTSD
Emyria Data: Robust and ethically-sourced Real-World Data gathered with patients
and used to improve Emyria’s unique therapy and drug development programs.
informs
Emyria’s Pipeline: New psychedelic-assisted therapies and drug treatments for mental
health and select neurological diseases.
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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.
Risks associated with the use of Psilocybin and MDMA
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 psilocybin can
include temporary increase in blood pressure and a raised heart rate. 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. These effects of psilocybin and MDMA 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.
Emyria ASX Announcement | 28 Oct 2024
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