24/7 Market News short Week weekly Kick-off

SciSparc Ltd. (NASDAQ: SPRC) announced that its collaboration with Clearmind Medicine Inc. yielded  positive safety profile results from its joint pre-clinical trial, which tested the proprietary combination of SciSparc’s CannAmide(TM) with Clearmind’s psychedelic molecule, MEAI, for alcohol consumption. Shares almost doubled at the open on Tuesday, as it nearly hit $4, and yielded wild price swings since, but this morning SciSparc announced that it will issue 3,546,100 units and pre-funded units at a purchase price of $2.82 per unit (or $0.001 less per pre-funded unit), in an at-the-market priced transaction.

SciSparc is making a low volume move in premarket, at $3.19, up $0.32 (+11.15%) on 24,314 shares.

Concert Pharmaceuticals Inc (NASDAQ: CNCE), a clinical stage biopharmaceutical company that’s developing small molecule drugs, has made several wave moves since we first covered it, hitting a new 52 week high of $6.80 on 5,410,143 shares Friday.

The Lexington, Massachusetts based pharmaceutical company recently reported positive topline results for First CTP-543 Phase 3 clinical trial in Alopecia Areata and the highlights included; THRIVE-AA1 Study Meets Primary Endpoint for Scalp Hair Regrowth and Key Secondary Endpoints at Both Doses, Statistically Significant Hair Regrowth Observed as Early as Eight Weeks, CTP-543 Has Potential to be Best-in-Class for the Treatment of Alopecia Areata, and Topline Data from Second Phase 3 Trial, THRIVE-AA2, Expected Third Quarter of 2022

Even though it closed 92 cents off of its Friday high, Concert Pharmaceuticals is trading at $6.14, $0.26 (+4.42%) higher on 215,818 shares and a consolidation near this level would be a very healthy response to its recent monster moves.

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