SciSparc Ltd. (SPRC) has released an update.
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SciSparc Ltd., a clinical-stage pharmaceutical company, has announced a non-binding letter of intent to out-license its pain treatment program, SCI-160, for about $6 million, with additional payments if milestones are reached. The treatment, based on cannabinoids, has shown promise in pre-clinical studies as a potent analgesic without significant side effects, positioning the company to focus on other late-stage programs and potentially maximize shareholder value.
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