Braxia Scientific Receives Health Canada Special Access Program Approval to Provide Psilocybin-Assisted Therapy for Depression in Ontario & More News Here

• Health Canada approval is for a affected person with the indication of Major Depressive Disorder, in the absence of terminal medical sickness or finish of life misery

• Approval marks Braxia’s first Special Access Program (SAP) approval for use of psilocybin in Ontario.

• To date Braxia’s skilled therapists have delivered psilocybin-assisted remedy remedies to 16 people with despair via its proprietary medical trial commenced late 2021.

TORONTO, May 20, 2022 /PRNewswire/ – Braxia Scientific Corp. (“Braxia Scientific”, or the “Company”), (CSE: BRAX) (OTC: BRAXF) (FWB: 4960), a medical analysis firm with clinics offering and advancing revolutionary ketamine and different revolutionary remedies for individuals dwelling with despair and associated psychological well being problems. Braxia Scientific is happy to announce that Health Canada has accredited the Company’s software to the Special Access Program (“SAP”) to present psilocybin-assisted psychotherapy for a affected person with Major Depressive Disorder in Ontario, via its wholly owned subsidiary Canadian Rapid Treatment Centre of Excellence (CRTCE).

While that is Braxia Scientific’s first psilocybin-assisted remedy therapy approval utilizing Health Canada’s SAP, which was amended January 5^th, 2022 to embody entry to psychedelic compounds on a case-by-case foundation exterior of medical trials, Braxia Scientific was first to obtain Health Canada approval for a multi-dose psilocybin-assisted remedy medical trial in July 2021, dosing its first participant in November 2021. To date, the Company has offered psilocybin-assisted remedy to 16 people dwelling with despair.

“Being among the first to begin delivering psilocybin-assisted therapy treatments in Canada last year through our clinical trial, we have developed and optimized the infrastructure, including rigorous training for our therapists through our Braxia Institute, to provide a positive patient experience while optimizing outcomes, said Dr. Joshua Rosenblat, Chief Medical and Scientific Officer, Braxia Scientific. “To our data, that is the primary Health Canada SAP approval for psilocybin-assisted remedy for an individual with Major Depressive Disorder in Ontario. My affected person and I are extraordinarily grateful for this chance to entry this promising therapy. Health Canada was very responsive to this request, promptly offering the Letter of Authorization. This fast approval stands in distinction  to the beforehand required Section 56 exemptions that might take years to totally course of. Allowing use of the SAP will probably be extremely helpful for sufferers in want of this therapy which are unable to obtain it via psychedelic medical trials.”

“Since opening our first clinic in 2018, in Toronto, Canada, our focus has been on creating a true centre of excellence for people living and suffering with depression to gain access to the most effective treatments. Our ability to deliver psilocybin-assisted therapy is an important step in our journey to achieving our vision of finding a cure for depression, said Dr. Roger McIntyre, Chairman and CEO, Braxia Scientific. “The expertise of our therapists who’ve already delivered this novel therapy in a number of doses to a number of sufferers in our ongoing psilocybin trial, mixed with information we have collected to date and anticipate to learn out in the approaching weeks, offers a superb alternative for new candidates to obtain entry to probably the most superior medical protocols and care to obtain finest outcomes in this subject. In addition to offering entry to revolutionary remedies for despair, Braxia Scientific is a   chief in complete analysis, improvement and best- practices  implementation of psilocybin, ketamine and associated brokers.”

Canadians in making use of to the SAP, to take part in medical trials or to qualify for different remedies, similar to IV and oral Ketamine for the therapy of despair, might contact the medical crew at Braxia Health (the Canadian Rapid Treatment Centre of Excellence https://crtce.com).

About Braxia Scientific Corp.

Braxia Scientific is a medical analysis firm with clinics that present revolutionary ketamine remedies for individuals with despair and associated problems. Through its medical options, Braxia goals to cut back the sickness burden of brain-based problems, similar to main depressive dysfunction amongst others. Braxia is primarily targeted on (i) proudly owning and working multidisciplinary clinics, offering therapy for psychological well being problems, and (ii) analysis actions associated to discovering and commercializing novel medication and supply strategies. Braxia seeks to develop ketamine and derivatives and different psychedelic merchandise from its IP improvement platform. Through its wholly owned subsidiary, the Canadian Rapid Treatment Center of Excellence Inc., Braxia presently operates multidisciplinary community-based clinics providing rapid-acting remedies for despair positioned in Mississauga, Toronto, Ottawa, and Montreal.

ON BEHALF OF THE BOARD

“Dr. Roger S. McIntyre“

Dr. Roger S. McIntyre

Chairman & CEO

The CSE has not reviewed and doesn’t settle for duty for the accuracy or adequacy of this launch.

Forward-looking Information Cautionary Statement

This information launch incorporates forward-looking statements throughout the that means of relevant securities legal guidelines. All statements that aren’t historic details, future estimates, plans, applications, forecasts, projections, aims, assumptions, expectations, or beliefs of future efficiency are “forward-looking statements.”

Forward-looking statements embody statements concerning the supposed promise of ketamine-based remedies for despair and the potential for ketamine to deal with different rising psychiatric problems, similar to Bipolar Depression. Such forward- wanting statements contain recognized and unknown dangers, uncertainties and different components that will trigger precise outcomes, occasions, or developments to be materially totally different from any future outcomes, occasions or developments expressed or implied by such forward-looking statements. Such dangers and uncertainties embody, amongst others, the failure of ketamine, psilocybin and different psychedelics to present the anticipated well being advantages and unanticipated unwanted side effects, dependence on acquiring and sustaining regulatory approvals, together with buying and renewing federal, provincial, municipal, native or different licenses and interesting in actions that may very well be later decided to be unlawful below home or worldwide legal guidelines. Ketamine and psilocybin are presently Schedule I and Schedule III managed substances, respectively, below the Controlled Drugs and Substances Act, S.C. 1996, c. 19 (the “CDSA”) and it’s a prison offence to possess such substances below the CDSA and not using a prescription or a authorized exemption. Health Canada has not accredited psilocybin as a drug for any indication, nonetheless ketamine is a legally permissible medicine for the therapy of sure psychological circumstances. It is against the law to possess such substances in Canada and not using a prescription.

These components ought to be thought of fastidiously, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has tried to determine necessary danger components that might trigger precise actions, occasions or outcomes to differ materially from these described in forward-looking statements, there could also be different danger components that trigger actions, occasions or outcomes to differ from these anticipated, estimated or supposed. Additional data figuring out dangers and uncertainties that might have an effect on monetary outcomes is contained in the Company’s filings with Canadian securities regulators, together with the Amended and Restated Listing Statement dated April 15, 2021, which can be found at www.sedar.com. There will be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in forward-looking statements.

SOURCE Braxia Scientific Corp.

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