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SciSparc Ltd. Ordinary Shares - SPRC STOCK NEWS

Welcome to our dedicated page for SciSparc Ltd. Ordinary Shares news (Ticker: SPRC), a resource for investors and traders seeking the latest updates and insights on SciSparc Ltd. Ordinary Shares stock.

SciSparc Ltd. (Nasdaq: SPRC) is a specialty clinical-stage pharmaceutical company dedicated to developing innovative therapies for disorders of the central nervous system. With a strong focus on cannabinoid pharmaceuticals, the company is engaged in pioneering drug development programs targeting conditions like Tourette Syndrome, Alzheimer's disease, pain, Autism Spectrum Disorder (ASD), and status epilepticus using both THC and non-psychoactive CBD.

The company's robust pipeline includes SCI-110 for treating Tourette Syndrome and Alzheimer's agitation, SCI-160 for pain management, and SCI-210 for ASD and status epilepticus. Recently, SciSparc enrolled the first patient in its clinical trial for SCI-210, aimed at treating children with ASD.

In addition to drug development, SciSparc owns a subsidiary focused on online sales of hemp-based wellness products, including gummies, oils, capsules, and creams.

SciSparc's commitment to scientific excellence is highlighted by its collaborations and partnerships. For example, its venture with MitoCareX Bio leverages advanced computational platforms for cancer drug discovery, targeting mitochondrial SLC25 proteins.

The company is also actively expanding its intellectual property portfolio, with recent patents granted in the U.S., Canada, and Europe. These patents cover innovative compositions that enhance the therapeutic effects of cannabinoids while reducing side effects, thereby boosting its competitive edge globally.

Latest News:

  • March 8, 2024: First patient enrolled in ASD clinical trial for SCI-210.
  • March 12, 2024: MitoCareX Bio screens millions of small molecules for potential anti-cancer treatments.
  • March 14, 2024: First patient dosed in SCI-210 ASD trial.
  • March 18, 2024: Granted Canadian patent for cannabinoid and n-acylethanolamine compositions.
  • March 27, 2024: Clearmind partnership leads to multiple new patent applications.
  • May 31, 2024: European Patent Office grants patent for antimicrobial compositions.
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SciSparc Ltd. (Nasdaq: SPRC) announced the filing of an additional provisional patent application by Clearmind Medicine, focusing on the combination of Clearmind's MEAI and SciSparc's PEA for treating depression. This is part of a collaboration that has already seen three other patent applications filed for MEAI and PEA combinations targeting alcohol use disorder, cocaine addiction, and obesity. Furthermore, six more patents have been filed concerning PEA combined with various psychedelics including LSD and DMT. SciSparc aims to develop therapies for central nervous system disorders, with ongoing programs targeting Tourette Syndrome, Alzheimer's, pain, and autism spectrum disorder (ASD). With a focus on cannabinoid pharmaceuticals, the company is strategically positioned in the emerging psychedelic therapeutic market.

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SciSparc Ltd. (NASDAQ: SPRC) has received final approval from the Tel Aviv Sourasky Medical Center for its Phase IIb Clinical Trial of SCI-110, aimed at treating Tourette Syndrome (TS). The trial will assess the drug's efficacy, safety, and tolerability in adults aged 18-65, using a randomized, double-blind, placebo-controlled method. The primary outcomes will be measured using the Yale Global Tic Severity Scale over 12 and 26 weeks. Prof. Tanya Gurevich will lead the trial at the Tel Aviv site, with additional trials planned at Yale University and Hannover Medical School, pending regulatory approvals.

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SciSparc Ltd. (Nasdaq: SPRC) announced the closing of a sale of approximately 49% equity in its subsidiary, SciSparc Nutraceuticals Inc., to Jeffs’ Brands Holdings Inc. for a total of $2.5 million and additional payments of around $489,330. The new purchase price for the deal is approximately $3 million. SciSparc will hold around 51% of the subsidiary post-transaction. Under a consulting agreement, Jeffs' Brands will manage the subsidiary's Wellution™ brand for a monthly fee of $20,000, plus a signing bonus of $51,000. Wellution products have achieved significant success on Amazon with numerous positive reviews.

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SciSparc Ltd. (Nasdaq: SPRC) announced on March 10, 2023, that it received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company has until September 5, 2023, to regain compliance, with a grace period of 180 days to achieve this by maintaining the minimum bid price for at least ten consecutive business days. Failure to do so could lead to delisting, although an additional compliance period may be available if other listing requirements are met. Currently, there is no immediate effect on the company's Nasdaq listing, and shares will continue to trade under the symbol SPRC.

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SciSparc Ltd. (NASDAQ: SPRC) announced that the Israeli Ministry of Health has granted approval for its clinical trial involving SCI-110, aimed at treating Tourette Syndrome (TS). The trial will take place at the Tel Aviv Sourasky Medical Center and includes international sites like Yale University and Hannover Medical School, pending regulatory approvals. The objective is to evaluate the efficacy, safety, and tolerability of SCI-110 in adults, utilizing a randomized, double-blind, placebo-controlled design. Prior Phase IIa results indicate potential benefits of SCI-110 for TS patients, which affects 0.5-1% of the global population.

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SciSparc Ltd. (NASDAQ: SPRC) announced the successful manufacturing of clinical batches for its drug candidate SCI-110, intended for a Phase IIb trial targeting Tourette Syndrome. The manufacturing was done by Procaps Group under stringent Good Manufacturing Practices, ensuring compliance with FDA and European Medicines Agency standards. Ethics approvals have been secured from institutions in Germany and Israel, with plans to obtain further approval from Yale University. The trial aims to assess the efficacy and safety of SCI-110 in adults aged 18-65, following a randomized, placebo-controlled method. Successful trial outcomes could advance SciSparc's focus on cannabinoid pharmaceuticals.

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SciSparc Ltd. (Nasdaq: SPRC) announced an agreement with Tikun Olam Cannbit Pharmaceuticals to supply CBD-rich oil for its proprietary SCI-210 treatment. This treatment, combining CBD and CannAmide™, will be evaluated in a clinical trial for children with autism spectrum disorder (ASD) at Soroka University Medical Center. The randomized, double-blind trial will assess safety, tolerability, and efficacy in 60 children over 20 weeks, utilizing key measures like the Aberrant Behavior Checklist-Community. The company received necessary approvals from the Israeli Ministry of Health and the Ethics Committee for the trial.

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FAQ

What is the current stock price of SciSparc Ltd. Ordinary Shares (SPRC)?

The current stock price of SciSparc Ltd. Ordinary Shares (SPRC) is $0.2328 as of December 23, 2024.

What is the market cap of SciSparc Ltd. Ordinary Shares (SPRC)?

The market cap of SciSparc Ltd. Ordinary Shares (SPRC) is approximately 2.1M.

What does SciSparc Ltd. do?

SciSparc Ltd. is a clinical-stage pharmaceutical company focused on developing cannabinoid-based therapies for central nervous system disorders.

What are SciSparc's main drug development programs?

SciSparc's main programs include SCI-110 for Tourette Syndrome and Alzheimer's agitation, SCI-160 for pain, and SCI-210 for ASD and status epilepticus.

What recent achievements has SciSparc announced?

Recent achievements include enrolling the first patient in the SCI-210 ASD trial, obtaining a Canadian patent, and expanding partnerships with MitoCareX Bio and Clearmind.

What products does SciSparc offer online?

SciSparc's subsidiary sells hemp-based products like gummies, oils, capsules, and creams on Amazon Marketplace.

Where is SciSparc Ltd. based?

SciSparc Ltd. is based in Tel Aviv, Israel.

Is SciSparc involved in cancer research?

Yes, through its venture MitoCareX Bio, SciSparc is involved in cancer drug discovery targeting mitochondrial SLC25 proteins.

What patents has SciSparc recently secured?

SciSparc has recently secured patents in the U.S., Canada, and Europe for cannabinoid compositions and antimicrobial methods.

Who leads SciSparc Ltd.?

SciSparc Ltd. is led by a team of experienced senior executives and scientists.

What is SCI-210?

SCI-210 is a proprietary treatment combining cannabidiol (CBD) and CannAmide™ for Autism Spectrum Disorder and status epilepticus.

What is the significance of SciSparc's new patents?

The new patents strengthen SciSparc's intellectual property portfolio and enhance its position in the global pharmaceutical market.

SciSparc Ltd. Ordinary Shares

Nasdaq:SPRC

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2.05M
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