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A year after opening its first ‘Empax’ centre in Leederville, Western Australia, Emyria Ltd (ASX:EMD) has opened a second – this time within the eminent mental health hospital, the Perth Clinic.
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Emyria aims to expand its provision of programs supporting patients with PTSD and treatment-resistant depression – including through psychedelic-assisted therapies – by 50%.
The first two fully funded patients will commence treatment on April 14, with this underscoring the activation of the Perth Clinic site and the company’s intention to roll out a broader strategy to meet clinical demand.
The latter also reflects structural changes in mental health care funding.
The centre’s location in a licensed facility is to ensure Emyria meets the requirements of payers set to fund Empax treatment. The company is now looking to potential expansion of ‘Empax’ into the eastern states.
“We are responding to growing patient demand and the expectations of major health funders,” Emyria executive chair Greg Hutchinson explained.
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He continued: “Our expansion into licensed hospital settings demonstrates Emyria’s capacity to deliver scalable, evidence-based mental health care treatments.”
EMD has been at 3cps – a rise of 3.45% since the market opened today.
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