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Braxia Scientific Corp C.BRAX

Alternate Symbol(s):  BRAXF

Braxia Scientific Corp. is a Canada-based company, which is primarily focused on owning and operating multidisciplinary clinics, providing treatment for mental health disorders, and research activities related to discovering and commercializing drugs and delivery methods. The Company seeks to develop ketamine and derivatives and other psychedelic products from its Internet protocol (IP) development platform. The Company has clinic operations in the Canadian cities of Mississauga, Toronto, Kitchener-Waterloo, Ottawa and Montreal. The Company, through its wholly owned subsidiary, the Canadian Rapid Treatment Center of Excellence Inc., it operates multidisciplinary community-based clinics offering rapid-acting treatments for depression located in Mississauga, Toronto, Ottawa, Kitchener and Montreal. Its subsidiaries include Altmed Capital Corp., Artisan Growers Ltd., KetaMD, Inc., Novo Formulations Ltd. and Tassili Life Sciences Corp.


CSE:BRAX - Post by User

Post by newcoinon Jan 25, 2021 11:26am
136 Views
Post# 32375386

💵 No Wonder They Want To Expand The Number Of Clinics

💵 No Wonder They Want To Expand The Number Of Clinics

This is from two years ago:

"According to the World Health Organization, more than 300 million people suffer from depression globally. In Canada, it is believed that about one quarter of cases are what has been dubbed “treatment resistant depression.”

Frustrated that many of his patients weren’t being helped by existing antidepressant medications, psychiatrist Dr. Roger McIntyre opened his Mississauga clinic six months ago.

“They’re going to receive a very novel, very innovative new therapy that for the very first time can reduce symptoms in a matter of one to two days and can get them functioning again in a similar period of time,” McIntyre told CTV News. “We’ve never had anything like this in this county.”

McIntyre’s clinic is the first of its kind in Canada to offer the rapid-acting drug for depression, outside of clinical trials. Such trials have shown that ketamine can be a potent antidepressant, quickly lifting the mood in about 50 per cent of patients and even stopping suicidal ideations in a matter of hours. Scientists, however, admit that they still don’t know exactly how it works, although some believe that it may help grow new cells in the parts of the brain affected by the disorder.

“We’re seeing for the first time in many years patients getting better, not just from the objective position -- our position -- but most importantly from their position,” McIntyre, who is also a professor of psychiatry and pharmacology at the University of Toronto and the head of the Mood Disorders Psychopharmacology Unit at Toronto’s University Health Network, said.

His clinic now has nearly 200 patients.

“I think what’s more important than getting symptoms improved is getting people functioning again,” McIntyre added. “And we have people going back to work for the first time in two to three years, first time in five years; we’ve got people saying that I’ve got now the ability to be part of my relationship again with my spouse, my partner, my family -- whatever the case may be. And this has renewed an optimism that people have not had for many, many years. When people go through one failed treatment after the other, they lose hope. And this treatment has given them hope.”

'THERE IS A COST ASSOCIATED WITH THIS TREATMENT'

The treatment, however, comes at cost: roughly $750 per IV infusion -- and some patients require ongoing treatments. Provincial health insurance plans, moreover, have not agreed to cover it yet, though there are people currently advocating for just that.

“There is a cost associated with this treatment that not everyone is going to be able to afford and I would like that to change,” Robertson, the patient, said. “In the next few years, I’d like to make it accessible to everyone.”

Mark Henick, a mental health advocate and speaker, is also concerned that such a promising antidepressant is currently only available for those who can pay or are willing to risk buying drugs on the black market.

“We need to make sure that the objective is still in helping people and not a for-profit objective; that we’re not taking advantage of vulnerable people who feel desperate,” he told CTV News.

For his part, McIntyre hopes that charities or philanthropists step in to cover the costs for those unable to pay."

https://www.ctvnews.ca/health/ontario-clinic-treating-depression-with-ketamine-1.4312625


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