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Pharma & Biotech

Numinus Wellness hails study results as milestone for psychedelics industry

Numinus Wellness Inc. (TSX:NUMI, OTC:LKYSF) has congratulated the Multidisciplinary Association for Psychedelic Studies on its Phase 3 study results published in Nature Medicine which showed MDMA to be an effective therapy for post-traumatic stress disorder (PTSD).

The study is widely regarded as the final step before MDMA-assisted therapy is reviewed by the Food and Drug Administration (FDA) for wider patient access, Numinus said.

"This marks a milestone for both MAPS and the entire psychedelic-assisted therapy community," Numinus CEO Payton Nyquvest said in a statement.

"By further demonstrating the effectiveness of MDMA-assisted therapy for the treatment of PTSD, many in the industry view this as the final step before the treatment undergoes FDA review for approval and the promise of wider patient access."

Nyquvest said Numinus was well-positioned to welcome clients looking for relief from PTSD, and that the company expects to be able to add MAPS's MDMA-assisted therapy protocol to its existing service offering within its clinic network following regulatory approval.

"We believe there is a significant number of people who can benefit from these important treatments," he said.

"Moreover, for providers who are eager to adopt this treatment modality to serve their clientele, Numinus offers those practitioners a pathway through its existing training program. With mental wellness clinics across North America Numinus is taking a leading role in facilitating access to a growing list of psychedelic-assisted therapies."

Numinus Wellness helps people to heal and be well through the development and delivery of innovative mental health care and access to safe, evidence-based psychedelic-assisted therapies.

Contact the author at emily.jarvie@proactiveinvestors.com

Follow her on Twitter @emilyjjarvie

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