Emerging Markets Report: The Rich Get Richer
04/26/2021 - 07:07 AM
An Emerging Markets Sponsored Commentary
ORLANDO, Fla., April 26, 2021 (GLOBE NEWSWIRE) -- Blockbuster news out of Core One Labs Inc. (CSE:COOL)(OTC PINK:CLABF)(FRA:LD62)(WKN:A2P8K3) this past weekend. As you’ll recall Core One is a biotechnology research and development life sciences enterprise focused on advancing psychedelic medicines to market.
The Company already has an impressive footprint in the rapidly expanding psychedelic treatment category with novel drug delivery methods, therapies, and more.
Most notably, the Company has developed a proprietary, patent-pending technique to create pharmaceutical grade psilocybin at a fraction of the price . That alone could be a game changer.
But Saturday’s news regarding the signing of a Letter of Intent to acquire another company with a fantastic portfolio of psychedelic-based pharmaceuticals could take Core One Labs to the next level.
Per the release, Core One Labs has signed a letter of intent to acquire all of the outstanding shares of Akome Biotech Ltd. Akome is a developer of psychedelic-based pharmaceuticals for rare diseases and mental disorders targeting treatments for Cluster Headaches (CH), Alzheimer's Disease (AD), and Depression.
Obviously, there are significant potential market opportunities for treatment of those maladies. The Global Alzheimer's therapeutics market alone is projected to reach USD $13.57 billion by 2027 from USD $7.42 billion in 2019 with a substantial CAGR of 9.2% through the forecasted period.
We also like that Akome's Founder and CEO, Dr. Fadia Saad, who holds five patents and has over 25 years of experience in product and business development in the life science industry, is coming on board with her team.
Joel Shacker, CEO of Core One Labs confirms as such, stating, "The acquisition of Akome will broaden and accelerate several new avenues of investigation and overall growth potential for our Company. New formulations and access to such an experienced team provide a unique opportunity to build shareholder value in this exciting sector."
Again, this is still a Letter of Intent and an ink-is-dry deal has not yet been completed.
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Emerging Markets Consulting, LLC jamespainter@emergingmarketsllc.com
