Awakn To Focus On R&D Of Addiction Therapies, Moves Away From Ketamine Treatment For Alcoholism
Portfolio Pulse from Lara Goldstein
Awakn Life Sciences Corp. (OTCQB:AWKNF) is exiting ketamine healthcare services to focus on R&D of addiction therapies and IP licensing. The company has signed a non-binding term sheet to license its healthcare services IP and Kare protocol in the UK. Awakn is also reviewing its Norwegian healthcare clinics business unit and restructuring its UK clinics.

June 12, 2023 | 7:18 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Awakn Life Sciences is exiting ketamine healthcare services to focus on R&D of addiction therapies and IP licensing, which may lead to long-term value for shareholders.
Awakn's decision to exit ketamine healthcare services and focus on R&D of addiction therapies and IP licensing may lead to long-term value for shareholders. The company has signed a non-binding term sheet to license its healthcare services IP and Kare protocol in the UK, and is reviewing its Norwegian healthcare clinics business unit and restructuring its UK clinics. This strategic shift could potentially increase the company's revenue and attract more investors, leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100