NRx Pharmaceuticals Partners with neurocare Group to Establish Nationwide Neuroplastic Care Network

NRx Pharmaceuticals and neurocare Group announced a partnership to create a nationwide network of clinics to offer integrated neuroplastic care for the treatment of Depression, PTSD, and other serious mental health disorders. Pilot programs have shown that combining Transcranial Magnetic Stimulation with ketamine and other neuroplastic drugs, along with hyperbaric oxygen therapy and supportive psychotherapy has resulted in a high rate of remission among First Responders with PTSD and Depression. Recent scientific publications have demonstrated that integration of TMS with neuroplastic drugs has achieved unprecedented response of 87% and remission of 72% in patients with treatment-resistant depression. While these results are early and will require further study, they are highly encouraging. The Partners are additionally exploring joint regulatory paths including clinical trials to address the treatment of Bipolar Depression, Autism, and Traumatic Brain Injury with TMS and neuroplastic drugs, such as NRX-101. Although there have been a number of clinic chains founded to combine some of these therapies in the past, a fully-integrated nationwide program that combines these neuroplastic modalities with common training protocols, advanced use of Telepsychiatry and Information Technology, and payer outreach has not been achieved. This approach was successful in creating reliable and effective approaches to the delivery of care for renal failure, as demonstrated by Fresenius Medical Care and Davita in past years. neurocare, founded by former Fresenius leaders, has more than a decade of experience in the development of a platform that includes neuromodulation technology as well as an online academy and a process software called neurcareOS to guide intake and personalizing of mental health patients. Meanwhile NRx has a decade of experience in developing neuroplastic drugs. In recent years, both organizations have recognized the need for an integrated clinical solution that could be offered to payers on an Accountable Care basis and the need for an Academy program to train a new generation of neuroplastic therapy practitioners. The partnership will leverage the rapidly-growing base of clinics already owned and founded by neurocare and HOPE Therapeutics, together with offering participation to the currently installed base of 400+ Apollo TMS devices nationwide. By doing so, the partners aim to offer innovative neuroplastic therapy within driving distance of any home in the United States by the end of 2026. Similarly, the partners aim to offer patients and payers a single point of contact for these challenging CNS diseases that afflict more than 50 million in the US and 500 million worldwide.