Welcome to our dedicated page for Scisparc news (Ticker: SPRC), a resource for investors and traders seeking the latest updates and insights on Scisparc stock.
SciSparc Ltd. (SPRC) is a clinical-stage pharmaceutical innovator developing cannabinoid-based therapies for neurological disorders while operating a consumer hemp products division. This page provides verified updates on both business segments, serving investors and stakeholders with essential news repository.
Access authoritative information on SPRC's clinical trial advancements, regulatory filings, and financial performance alongside developments in its hemp-derived product line. Content includes press releases detailing research milestones, partnership announcements, and strategic initiatives across therapeutic and consumer markets.
Key updates cover FDA communications, intellectual property developments, quarterly earnings disclosures, and operational expansions. All materials are curated to meet investor needs for decision-making clarity while maintaining compliance with financial reporting standards.
Bookmark this resource for streamlined access to SPRC's official announcements and analysis. Regularly updated content ensures stakeholders stay informed about the company's progress in pharmaceutical innovation and consumer market execution.
SciSparc Ltd. (Nasdaq: SPRC) has received a new patent (U.S. Patent No. 11,491,172) for compositions and methods enhancing antimicrobials. This marks the seventh patent granted in the U.S. and strengthens the company’s intellectual property portfolio, comprising nine patent families and two trademarks. SciSparc is a clinical-stage pharmaceutical firm focused on cannabinoid-based therapies, including treatments for Tourette Syndrome, Alzheimer's disease, pain, and autism spectrum disorder.
SciSparc Ltd. (Nasdaq: SPRC) announced positive interim results from its Phase IIa trial of SCI-110 for patients with Alzheimer’s Disease and agitation. The trial demonstrated that SCI-110 was safe at all tested doses, without serious adverse effects. Notably, 75% of participants did not require additional medications for agitation, and 75% experienced increased appetite. The open-label study included 20 patients, with interim results based on the first eight. SCI-110 aims to address the unmet need for safe treatment options in this patient population.
SciSparc Ltd. (Nasdaq: SPRC) recently announced a strategic agreement through its subsidiary, SciSparc Nutraceuticals, to enhance logistics operations in New Jersey. This new partnership aims to optimize handling and shipment processes to facilitate direct sales and lower costs for the Wellution™ brand. The logistics facilities, located near major transportation hubs, will support the brand's expansion from Amazon to other e-commerce platforms. CEO Oz Adler emphasized that improved operational efficiency is essential for high-margin sales as they prepare to launch direct sales operations.
SciSparc Ltd. (Nasdaq: SPRC) announced the launch of its new Wellution™ brand keto gummies on Amazon, generating over $100,000 in revenue within the first 30 days. The product achieved approximately 117% ROI after accounting for costs. CEO Oz Adler highlighted plans for further expansion, including new product launches and cost reductions. The company is focused on cannabinoid pharmaceuticals and has ongoing drug development programs targeting disorders such as Tourette Syndrome and Alzheimer's.
SciSparc Ltd. (Nasdaq: SPRC) announced it received a notice from Nasdaq for not meeting the minimum bid price requirement of $1.00 per share. The company has a 180-day period until April 10, 2023, to regain compliance by maintaining the minimum bid price for at least ten consecutive business days. If compliance is not achieved, SciSparc may qualify for an additional 180-day period but risks delisting if it fails to demonstrate compliance.
SciSparc Ltd. (Nasdaq: SPRC) has finalized the acquisition of Wellution™, a leading Amazon seller of hemp-based supplements and cosmetics, for $4.59 million, with potential additional payments based on performance. Wellution™ features over 40,000 product reviews, showcasing top-selling items such as hemp gummies and creams. The acquisition aims to enhance SciSparc’s market presence in the nutraceutical sector. Furthermore, the company issued $15 million in warrants for shares, contingent upon achieving sales milestones. This strategic move is expected to bolster the company's growth trajectory.
SciSparc Ltd. (NASDAQ: SPRC) announced a collaboration with Clearmind Medicine Inc. to develop therapies for metabolic syndromes, including obesity. Clearmind filed a provisional patent application related to this collaboration, marking the third patent application. The partnership combines SciSparc's CannAmide™, an active ingredient for treating obesity, with Clearmind's MEAI, a proprietary psychedelic treatment. This venture aims to provide solutions for obesity and related addictive behaviors, addressing a significant health concern with limited treatment options.
SciSparc Ltd. (NASDAQ: SPRC) announced the acquisition of Wellution™, a leading brand on Amazon for natural supplements and cosmetics, from Merhavit M.R.M Holding. The deal involves an initial payment of $4.59 million, with a deferred payment linked to the brand's EBITDA. Additionally, $15 million in warrants will be issued, exercisable upon achieving specific sales milestones. This acquisition aims to enhance SciSparc's entry into the hemp market, expanding reach beyond the U.S. The new subsidiary, SciSparc Nutraceuticals Inc., will manage the assets and explore growth opportunities.
SciSparc Ltd. (NASDAQ: SPRC) announced positive pre-clinical results in its collaboration with Clearmind to treat cocaine addiction using MEAI, a novel psychedelic molecule. The study revealed that 60% of subjects experienced a significant decrease in cocaine craving, showcasing the potential of the CannAmide™ and MEAI combination. The pre-clinical trial, led by Professor Gal Yadid at Bar Ilan University, suggests a promising path for targeted addiction treatment. The companies have filed provisional patent applications to enhance their therapeutic approaches.
SciSparc Ltd. (Nasdaq: SPRC) announced the full exercise of 3,211,100 pre-funded warrants, part of a $10 million private placement from June 2022. These warrants were exercised at a nominal price of $0.001 each, resulting in the issuance of 3,211,100 ordinary shares. SciSparc, a clinical-stage pharmaceutical company, focuses on cannabinoid-based therapies for central nervous system disorders, including drug development programs for Tourette Syndrome, Alzheimer's disease, pain, and autism spectrum disorder.
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