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Why Companies Are Betting Big On Psychedelic Drugs To Treat Mental Health Epidemic


Why Companies Are Betting Big On Psychedelic Drugs To Treat Mental Health Epidemic
- Financialnewsmedia.com News Commentary
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PALM BEACH, Fla., April 28, 2021 /PRNewswire/  Psychedelic medicine is having a moment. Once dismissed as a party drug for its hallucinogenic effects, ketamine is emerging as a novel alternative treatment for depression. For most, psychedelic drugs conjure up images of the 1960 s, hippies tripping out on LSD or magic mushrooms. However, early studies are finding that psilocybin – the active agent in magic mushrooms – could treat addiction, depression, anxiety and mental health conditions like post-traumatic stress disorder (PTSD). Similarly, cancer patients with painful anxiety over their illness have found more peaceful acceptance after participating in a study that involved intensive therapy and being given a drug that was once a symbol of the 60 s counterculture.  Last year, the US Food and Dr ....

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Knight Therapeutics (KHTRF) Gets a Buy Rating from Canaccord Genuity


According to TipRanks.com, Gonsalves is ranked #356 out of 7474 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Knight Therapeutics with a $6.42 average price target.
Based on Knight Therapeutics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $55.19 million and net profit of $8.23 million. In comparison, last year the company earned revenue of $37.27 million and had a GAAP net loss of $6.67 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. ....

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CareRx Enters Deal With Rexall To Add 4,200 Beds


CareRx Enters Deal With Rexall To Add 4,200 Beds
Stephanie Bedard-Chateauneuf-
April 26, 2021, 2:14 PM EDT
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CareRx announced Monday it had signed an agreement to acquire a portion of the long-term care pharmacy business of Rexall Pharmacy Group. CareRx provides specialty pharmacy services to seniors communities. Rexall is one of the most trusted names in pharmacy.
This partial acquisition adds approximately 4,200 to the total number of residents served. CareRx (
CRRX) now anticipates that it will serve more than 90,000 residents through the largest national eldercare pharmacy platform in Canada. The offer consists of C$3.5 million in cash and should close in June or July 2021. (See CareRx stock analysis on TipRanks) ....

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