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. reports clinical-stage pharmaceutical and intellectual-property developments tied to cannabinoid-based technologies and its majority-owned subsidiary, NeuroThera Labs Inc. The company’s recurring updates cover SCI-110 for Tourette syndrome and Alzheimer’s disease agitation, SCI-210 for autism spectrum disorder and status epilepticus, and combination approaches involving THC, non-psychoactive CBD, PEA and MEAI.
Company news also includes patent activity for CNS, metabolic and antimicrobial-resistance applications; the acquired MUSE™ endoscopic system and related medical-camera intellectual property for GERD procedures; hemp seed oil-based product sales through a controlled subsidiary; and public-company matters such as capital-structure actions, Nasdaq compliance notices, material agreements and financial disclosures.
SciSparc Ltd. (NASDAQ: SPRC) has announced a collaboration with Clearmind Medicine Inc. to file a provisional patent for a treatment targeting cocaine addiction. This involves a combination of SciSparc's CannAmide™ and Clearmind's MEAI, addressing the significant issue of cocaine addiction affecting over 1.3 million Americans. Current statistics highlight more than 350,000 hospital visits annually linked to cocaine use and around 16,000 overdose deaths. The collaboration aims to explore potential therapeutic solutions for addictions, with ongoing efforts to strengthen their partnership.
SciSparc Ltd. (NASDAQ: SPRC) announced the closure of a private placement, securing approximately $10 million in gross proceeds from a single healthcare-focused institutional investor. The company issued 3,546,100 units at a price of $2.82 per unit, consisting of one ordinary share and two non-tradable warrants, each exercisable for an ordinary share at $2.57 for a total of 7,092,200 shares underlying the warrants. The warrants have a term of five years. Aegis Capital Corp. acted as the exclusive placement agent.
SciSparc Ltd. (NASDAQ: SPRC) has announced a collaboration with Polyrizon Ltd. to develop an innovative pain treatment using SciSparc's SCI-160 platform combined with Polyrizon's Trap and TargetTM technology. The goal is to create a proprietary intranasal formulation that maintains effective SCI-160 concentrations in the brain. SciSparc will pay up to $2,550,000 in development fees, plus royalties on product sales. Previous pre-clinical trials demonstrated SCI-160's efficacy and safety in pain management, with results comparable to high-dose morphine.
SciSparc Ltd. (NASDAQ: SPRC) announced a securities purchase agreement with a healthcare-focused investor, generating approximately $10 million in gross proceeds. The offering includes the issuance of 3,546,100 units, priced at $2.82 each, consisting of ordinary shares and warrants exercisable at $2.57. The transaction is set to close on or around June 1, 2022. Aegis Capital is the exclusive placement agent. The securities are being sold in a private placement and won't be registered under the Securities Act of 1933, requiring compliance with SEC regulations.
SciSparc Ltd. (NASDAQ: SPRC) has received Ethics Committee approvals for its Phase IIb clinical trial of SCI-110 targeting Tourette Syndrome (TS) at Hannover Medical School and Tel Aviv Sourasky Medical Center. This phase aims to assess the efficacy, safety, and tolerability of SCI-110 in adults aged 18-65, using the Yale Global Tic Severity Scale for measuring tic severity over 12 and 26 weeks. While the trial awaits health ministry approvals, the company continues to identify additional clinical sites to expedite patient enrollment. Positive results from earlier studies at Yale University encourage further development.
SciSparc Ltd. (NASDAQ: SPRC) announced positive results from a joint pre-clinical trial with Clearmind Medicine Inc. The trial evaluated the safety of SciSparc's CannAmide™ and Clearmind's psychedelic molecule MEAI for reducing alcohol consumption.
Findings showed high safety with no treatment-related changes across various organs. Significant reductions in alcohol intake were observed with MEAI at 40 mg/kg and lower doses combined with CannAmide™.
The company aims to further investigate the safety and efficacy of this novel treatment.
On May 10, 2022, SciSparc Ltd. (NASDAQ: SPRC) announced promising preclinical results from its collaboration with Clearmind Medicine Inc. The combination of SciSparc's CannAmide™ and Clearmind's MEAI has shown potential in significantly reducing alcohol consumption in treated animals. The collaboration led to a provisional patent application for this psychedelic combination therapy. Initial studies indicated a dose-dependent effect, with alcohol intake reduced by 40 mg/kg MEAI and dual treatment with 25 mg/kg CannAmide™. The company aims to strengthen its IP portfolio in the psychedelic sector.
SciSparc Ltd. (NASDAQ: SPRC), a clinical-stage pharmaceutical firm, filed its annual report on Form 20-F for the fiscal year 2021 with the SEC on May 2, 2022. Key achievements include the issuance of a U.S. patent for its technology targeting central nervous system disorders, recruitment of the first patient for a Phase IIa trial of SCI-110 in Alzheimer's, and progress in a Phase IIb trial for Tourette syndrome. The company also formed collaborations to develop psychedelic-based pharmaceuticals and entered a joint venture focused on drug discovery for cancer and infectious diseases.
SciSparc Ltd. (NASDAQ: SPRC), a clinical-stage pharmaceutical company, announced the completion of a joint venture agreement with MitoCareX Bio Ltd. to develop therapies targeting cancer and life-threatening conditions. SciSparc invested $700,000 of a planned $1.7 million, aiming for 50.01% ownership. MitoCareX will explore mitochondrial carriers, crucial for cell viability, to address various health issues. The development builds on successful trials in the UK. This strategic move reflects SciSparc's commitment to enhancing its portfolio in cannabinoid pharmaceuticals and addressing central nervous system disorders.
SciSparc Ltd. (NASDAQ: SPRC) has appointed Prof. Avi Schroeder to its Scientific Advisory Board to enhance the formulation development of its investigational pain treatment, SCI-160. The drug has shown positive results in pre-clinical trials for both acute and chronic pain. Prof. Schroeder brings extensive experience in targeted drug delivery and has made significant contributions to nanotechnology and medicine. The company plans to initiate the Pre-IND process later this year, aiming for an FDA IND Phase I study application.