Awakn Life Sciences Sells London Clinics Business, Hopes To Divest Norwegian Unit Next
Portfolio Pulse from Lara Goldstein
Awakn Life Sciences Corp. (OTCQB:AWKNF) has sold its London subsidiary and healthcare clinic to a joint venture named Awakn Via Amitis Ltd., co-owned by UK mental healthcare charity Via and private UK investment company Amitis Group. The clinic will continue to operate under its original name, with Via taking over clinical operations. Awakn is also reviewing its Norwegian clinic’s business for a potential sale.
July 05, 2023 | 5:54 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Awakn Life Sciences has sold its London clinic and is considering a sale of its Norwegian clinic. This could potentially impact the company's revenue and focus on R&D programs.
The sale of the London clinic and potential sale of the Norwegian clinic could impact Awakn's revenue. However, the company's CEO has stated that this will allow them to focus more on their R&D programs, which could potentially lead to future growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100