Akili Announces Plan To Transition To A Non-Prescripion Business Model; Co. Plans to Pursue Regulatory Approval For OTC Labeling Of Its Products
Portfolio Pulse from Bill Haddad
Akili Interactive Labs has announced its plan to transition to a non-prescription business model. The company intends to pursue regulatory approval for over-the-counter (OTC) labeling of its products.
September 13, 2023 | 12:02 pm
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POSITIVE IMPACT
Akili's transition to a non-prescription business model and pursuit of OTC labeling for its products could potentially broaden its customer base and increase sales.
Akili's transition to a non-prescription business model means its products will be more readily available to consumers, potentially increasing its customer base. The pursuit of OTC labeling also indicates the company's intent to comply with regulatory standards, which could enhance its reputation and trustworthiness among consumers. Both these factors could potentially lead to increased sales, positively impacting the company's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100