{"id":4189,"date":"2024-01-10T01:02:18","date_gmt":"2024-01-10T01:02:18","guid":{"rendered":"https:\/\/economicherald.net\/?p=4189"},"modified":"2024-01-10T01:02:18","modified_gmt":"2024-01-10T01:02:18","slug":"asx-health-stocks-emyria-surges-19pc-after-granting-of-authorised-prescriber-status-by-tga","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=4189","title":{"rendered":"ASX Health Stocks: Emyria surges 19pc after granting of \u2018Authorised Prescriber\u2019 status by TGA"},"content":{"rendered":"

Emyria\u2019s psychiatry specialist granted \u201cAuthorised Prescriber\u201d status by the TGA
\nThis allows it to prescribe MDMA for treatment of PTSD
\nThe company says MDMA-assisted therapy is booming<\/p>\n

\u00a0<\/p>\n

Neurological conditions specialist, Emyria\u00a0(ASX:EMD)<\/a><\/strong>, surged by 19% this morning after revealing that its distinguished psychiatry specialist (unnamed) has been granted \u201cAuthorised Prescriber\u201d<\/strong> status by the Therapeutic Goods Administration (TGA).<\/strong><\/p>\n

The authorisation enables the prescribing of MDMA by the specialist for the treatment of Post-Traumatic Stress Disorder (PTSD)<\/strong>.<\/p>\n

This prescription will be in accordance with an ethics committee-endorsed model developed by Emyria, and within the strict regulatory framework established by the TGA.<\/p>\n

Emyria says that achieving this Authorised Prescriber status signifies a strategic step towards expanding Emyria\u2019s service offerings.<\/p>\n

\u201cThis authorisation demonstrates Emyria\u2019s commitment to evaluating emerging treatments within the strict regulatory framework set by the TGA,\u201d said Emyria CEO, Dr. Michael Winlo.<\/strong><\/p>\n

\u201cAchieving Authorised Prescriber status showcases Emyria\u2019s capacity for impactful and responsible growth in the field of mental health treatments.\u201d<\/p>\n

According to data, PTSD affects approximately 1 million Australians.<\/p>\n

With up to one third of patients failing to benefit from conventional therapies, Emyria believes there is a growing need for more effective treatments.<\/p>\n

\u00a0<\/p>\n

MDMA therapy is booming<\/h2>\n

Separately, Emyria has released a company overview and strategic update presentation following the TGA\u2019s approval today.<\/p>\n

With the approved Authorised Prescribers, Emyria said it is advancing from trials to treatment, focusing on new treatments to improve mental health.<\/p>\n

The company has outlined its three-step strategy: deliver innovative care via its clinics, create revenue growth, and then scale nationally and internationally.<\/p>\n

Emyria said MDMA-assisted therapy is attracting significant global investment after MAPS (Multidisciplinary Association for Psychedelic Studies) raised<\/strong> US$100m to pursue the FDA registration and commercialisation of their MDMA product.<\/p>\n

\u00a0<\/p>\n

Emyria share price today:<\/h2>\n

\u00a0<\/p>\n\n

\ufeff<\/span><\/span>\u00a0
\n<\/span><\/p>\n

The post ASX Health Stocks: Emyria surges 19pc after granting of \u2018Authorised Prescriber\u2019 status by TGA<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Emyria\u2019s psychiatry specialist granted \u201cAuthorised Prescriber\u201d status by the TGA This allows it to prescribe MDMA for treatment of PTSD The company says MDMA-assisted therapy [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":4190,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nASX Health Stocks: Emyria surges 19pc after granting of \u2018Authorised Prescriber\u2019 status by TGA - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=4189\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX Health Stocks: Emyria surges 19pc after granting of \u2018Authorised Prescriber\u2019 status by TGA - 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