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Psychedelic biotech firm Awakn Life Sciences Corp. (NEO: AWKN) started trading today, June 23, 2021, on the NEO Exchange Inc. under the icon “AWKN”. the firm has actually elevated C$ 13.5 million to date with big life scientific research capitalists as well as devoted psychedelic/CNS concentrated funds consisting of Ambria Resources, Iter Investments, JLS Fund, Negev Resources as well as Neo Kuma Ventures.
The firm has strategies to open up 3 UK psychedelic-assisted psychiatric therapy facilities where it will certainly supply ketamine-assisted treatments near term as well as MDMA when they safeguard consent in 2021 (Bristol, London, as well as Manchester). The firm’s target is 20 facilities by the end of 2024.
” Providing on the NEO is a vital turning point for Awakn to remain to improve our double tactical emphasis of creating hallucinogens, treatments, as well as allowing modern technologies to deal with Dependency, as well as providing psychedelic therapies for Dependency in our facilities,” stated Awakn Chief Executive Officer, Anthony Tennyson. “The NEO listing will certainly allow us to speed up the implementation of our medicine exploration, treatment advancement, progressed analytics, as well as open facility rollout programs.”
The listing adheres to the effective conclusion of the formerly revealed reverse requisition of a Canadian public firm, 2835517 Ontario Ltd., by Toronto-based Awakn Life Sciences Inc. The general public firm was consequently relabelled Awakn Life Sciences Corp. about the reverse requisition as well as the listing on the NEO. In addition, the Firm elevated gross profits of about USD$ 8.3 million via a brokered personal positioning.
Awakn will certainly be giving evidence-backed ketamine-assisted psychiatric therapy for Alcohol Usage Problem as well as is presently in stage 2 a/b test utilizing Ketamine for decrease of Alcoholic regression (led by Prof. Celia Morgan). The firm is additionally getting in a stage 2b medical test to check the efficiency of MDMA-assisted treatment for the therapy of people with non-physically reliant (‘ Dangerous Usage’) Alcohol Usage Problem (led by Prof. David Nutt), begins in Q4 2021. Along with those strategies, Awakn has a next-generation medicine advancement program of patentable psychedelic medications or ‘NCEs’ (New Chemical Entities) targeting dependency, research study led by Prof. David Nutt, Dr. Shaun McNulty, as well as Prof. Celia Morgan.
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