Awakn Life Sciences

Awakn Life Sciences

A biotechnology company with clinical operations, developing and delivering psychedelic therapeutics to better treat addiction. Learn more

Launch date
Employees
Market cap
CAD4.5m
Enterprise valuation
CAD4m (Public information from Feb 2024)
Company register number 12767250
London England (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
CAD202220232024
Revenues<1m1.5m<1m
% growth-534 %(66 %)
EBITDA(9.6m)(8.6m)-
% EBITDA margin(4068 %)(574 %)-
Profit(15.9m)(9.1m)-
% profit margin(6756 %)(611 %)-
R&D budget3.3m1.6m-
R&D % of revenue1402 %105 %-
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DateInvestorsAmountRound
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$8.0m

Valuation: $56.0m

IPO
*
N/A

$3.3m

Private Placement VC
*

N/A

Grant
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CAD775k

Post IPO Debt
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N/A

CAD1.1m

Private Placement VC
*
N/A

CAD2.7m

Post IPO Equity
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N/A

$131k

Private Placement VC
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N/A

$197k

Private Placement VC
*
N/A

N/A

Private Placement VC
Total FundingCAD6.0m

Recent News about Awakn Life Sciences

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More about Awakn Life Sciences
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Awakn Life Sciences is a biotechnology company dedicated to providing breakthrough therapeutics to addiction sufferers. They are researching, developing, and commercializing drugs and therapies used in combination to treat addiction, with a near-term focus on Alcohol Use Disorder. This approach has the potential to be more effective than any addiction treatment currently available.

Awakn is different from other businesses in the same industry by utilizing a unique evidence-based approach. Their drugs are designed to target the underlying causes of addiction, rather than just the symptoms. This approach has the potential to be more effective than any addiction treatment currently available, and Awakn is working to become the market leader in effective addiction treatment.

The company has a deep pipeline with proven efficacy, and a highly experienced team. There is a significant addressable market and a vast global need that is failed by current approaches. Awakn is working to meet this need and make a profit by commercializing their R&D pipeline across multiple channels.

Investments by Awakn Life Sciences

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Axonklinikken
ACQUISITION by Awakn Life Sciences Sep 2021