Business
Braxia Scientific Reports Fiscal 2023 Financial Results
Braxia Health ketamine treatments up 26% YoY in 2023 and revenue up 27% YoY Company completes ...
About this update from Braxia Scientific Corp
[{"type":"text","content":"Braxia Scientific Reports Fiscal 2023 Financial ResultsBraxia Health ketamine treatments up 26% YoY in 2023 and revenue up 27% YoYCompany completes dosing of final participant in Phase 2, multi-dose Psilocybin trial, results expected to be published prior to end of 2023Company reviewing financing options, strategic partnerships and further cost reductions and organizational changes as requiredToronto, Ontario--(Newsfile Corp. - July 31, 2023) - Braxia Scientific Corp. (CSE: BRAX) (OTC Pink: BRAXF) (FSE: 4960) (\"Braxia Scientific\", or the \"Company\"), a medical research and telemedicine company with clinics providing innovative ketamine and psilocybin treatments for depression and related disorders, today announced the filing of its financial statements and management discussion and analysis for the three months and twelve months ended March 31, 2023. Complete financial statements along with related management discussion and analysis can be found in the System for Electronic Document Analysis and Retrieval (SEDAR), the electronic filing system for the disclosure documents of issuers across Canada, at www.SEDAR.com. \"Braxia has continued to focus on its primary objective of remaining at the forefront of the burgeoning field of mental health by first providing access to innovative treatments, like infusion ketamine across our clinical footprint and secondary objective of utilizing its growing infrastructure to advance research and understanding of psilocybin among other potential assets,\" said Dr. Roger McIntyre, CEO Braxia Scientific. \"While we are pleased with the achieved double-digit growth in treatment volumes across our existing and recently opened clinics, we are still mostly ramping up at our newest locations. We expect this trend to continue as our therapies have proven to be a preferred treatment option for patients who come to us living with chronic diseases, such as depression, anxiety, post-traumatic stress disorder, and certain other mental health disorders.\"\"Operationally, we have focused on improving efficiencies, reducing expenses and slowing our telemedicine roll out to preserve cash and realigning resources to strategically scale our clinics experiencing growing demand. We recently completed our psilocybin clinical trial and are preparing to publish our results in the coming months. Our research team has ...