Streetbeat News

AWKNF

Awakn Life Sciences Corp

Industry

Research and Development in Biotechnology

Open

0.09

Mkt cap

3.5M

Volume

52K

High

0.09

P/E Ratio

-1.42

52-wk high

0.19

Low

0.09

Div yield

N/A

52-wk low

0.05

Awakn Life Sciences Corp. (OTC:AWKNF) has partnered with the University of Nottingham for preclinical testing of its aminoindane compound, aimed at treating trauma-related mental health disorders like PTSD. The study will use rodent models to assess the compound's efficacy, with results expected by the end of 2024.

Portfolio Pulse from Juan Spínelli

October 15, 2024 | 5:04 pm

Awakn Life Sciences Corp. (OTCQB:AWKNF) has doubled its private placement financing to $2 million due to increased investor interest. The funds will support the company's R&D, focusing on treatments for Alcohol Use Disorder (AUD).

Portfolio Pulse from Juan Spínelli

September 18, 2024 | 3:55 pm

The article provides a comprehensive roundup of recent developments in the psychedelics field, including research findings, global regulatory perspectives, therapeutic applications, and business news. Key highlights include potential roles of psilocybin in dementia prevention and psychological flexibility, global legalization trends, and various companies' strategic moves such as voluntary delistings, partnership agreements, financial results, and patent filings related to psychedelic therapies.

Portfolio Pulse from Lara Goldstein

April 17, 2024 | 1:13 pm

President Biden signed the 2024 NDAA, which includes funding for clinical trials with psychedelics for active military members. Robert F. Kennedy Jr. expressed support for psychedelics in mental health treatment. Incannex Healthcare (NASDAQ:IXHL) is set to open Australia's first dedicated psychedelic-assisted therapy clinic. Psychedelics stocks showed varied performance, with COMPASS Pathways (NASDAQ:CMPS) closing at $8.75, and AdvisorShares Psychedelics ETF (NYSE:PSIL) closing at $1.42.

Portfolio Pulse from Lara Goldstein

December 27, 2023 | 3:09 pm

Professor David Nutt, a renowned researcher in cognitive sciences, addiction, cannabis and psychedelics, has been ranked the world's top psychopharmacologist by ScholarGPS, a company owned by Meta Analytics LLC. Nutt's contributions include over 1000 research papers, 27 books, and eight government reports on drugs. He is also the founder and chair of the national nonprofit Drug Science and serves as Chief Research Officer at Awakn Life Sciences (OTC:AWKNF).

Portfolio Pulse from Lara Goldstein

October 16, 2023 | 12:06 am

The Usona Institute has shared positive results from its Phase 2 trial assessing a single 25mg synthetic psilocybin dose for adults with Major Depressive Disorder. COMPASS Pathways (NASDAQ:CMPS) has also shared results from research on its novel AI technologies to support proprietary COMP360 psilocybin treatment for Treatment-Resistant Depression. In the UK, drug policy reform is underway, with a report urging the reclassification of psilocybin mushrooms and other psychedelics to Schedule 2. Several US states are also moving reform bills concerning the study or legalization of psychedelic substances for therapeutic purposes. The AdvisorShares Psychedelics ETF (NYSE:PSIL) opened at $1.79 on September 5, recovering from the prior week’s $1.65.

Portfolio Pulse from Lara Goldstein

September 11, 2023 | 1:34 pm

Awakn Life Sciences Corp. (OTC:AWKNF) has submitted a Clinical Trial Application (CTA) for a phase III clinical trial for its leading program, AWKN-P001, designed for the treatment of Severe Alcohol Use Disorder (SAUD). The trial will be conducted at ten UK National Health Service (NHS) sites and will involve 280 participants. The company expects to receive feedback on the CTA in the coming months and aims to commence treatment in late Q4 2023 or early Q1 2024.

Portfolio Pulse from The Dales Report

September 06, 2023 | 9:27 pm

The American Psychedelic Practitioners Association and BrainFutures have published the first-ever professional practice guidelines for psychedelic-assisted therapy. Algernon NeuroScience, a subsidiary of Algernon Pharmaceuticals, has finalized its clinical trial design for a phase 2 DMT stroke study. Atai Life Sciences, MindMed, and COMPASS Pathways have reported their Q2 2023 financial results. AdvisorShares Psychedelics ETF has seen a decrease in its weekly performance.

Portfolio Pulse from Lara Goldstein

August 14, 2023 | 1:47 pm

Portugal has decriminalized synthetic drugs, potentially impacting the global market for such substances. Clinical trials show promising results for psilocybin therapy in treating anorexia, with COMPASS Pathways' synthetic psilocybin COMP360 treatment showing potential. MindBio Therapeutics Corp. is recruiting participants for a clinical trial using LSD microdosing for cancer patients with emotional distress. California's TREAT initiative proposes a $5 billion state agency to fund and promote psychedelics research. The AdvisorShares Psychedelics ETF (PSIL) showed a slight uptake in the past week.

Portfolio Pulse from Lara Goldstein

August 04, 2023 | 1:20 pm

Awakn Life Sciences Corp. (OTCQB:AWKNF) has sold its Norwegian clinics businesses as part of its business restructuring process. The company will receive a fee for the acquisition and a share of the clinics’ revenue on an ongoing basis. This marks Awakn’s exit from healthcare services and allows the company to focus on its biotech research and development programs around addiction therapeutics. Its lead program AWKN-P001 is expected to enter the Phase 3 clinical stage in the UK within this year’s fourth quarter.

Portfolio Pulse from Lara Goldstein

August 04, 2023 | 9:51 am

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