Positive Phase 3 Clinical Results Pushing Akili

DENVER, Colo., Feb 26, 2024 (247marketnews.com)- Akili, Inc. (NASDAQ:AKLI) reported, this morning, that Shionogi & Co., its Japanese partner, submitted Akili’s digital therapeutic SDT-001, the Japanese version of Akili’s AKL-T01, which is marketed as EndeavorRx in the United States, for marketing approval with the Ministry of Health, Labor, and Welfare.

AKLI is trading at $0.4704, up $0.2535 (+114.40%), on trading volume of 54,781,430 shares. Its 52-week range is $0.1912 to $2.08. Akili’s premarket volume was 24,552,821 and this morning’s premarket high is $0.7653, while the regular session high is $0.7384. It was challenging its September trading levels, but dropped below December’s 54-cent key inflection point. Should it trade above that, again, it may set up for an additional wave higher.

Akili’s AKL-T01 was authorized by the U.S. Food and Drug Administration (FDA) as the world’s first prescription digital therapeutic for improving attentional functioning in pediatric ADHD patients aged 8 to 17.

“The latest Japanese clinical trial of our patented, clinically proven technology is an important milestone for many reasons,” said Dr. Scott Kollins, Chief Medical Officer at Akili. “It not only further validates the efficacy and safety of EndeavorRx, it also moves us and our international partner SHIONOGI a step closer to making the product available in Japan. And if approved in Japan, it will provide an effective and safe option in a country where some front line pharmaceutical therapies are not as widely available to pediatric patients with ADHD.”

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