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Nirvana Life Sciences Announces Patent Filing


Study launched following recent successful pilot study and patent filing

Awakn Life Sciences Corp. (NEO: AWKN) (OTCQB: AWKNF) (FSE: 954) (“Awakn”), a biotechnology company that researches, develops and commercializes therapeutic products to treat addiction with a short-term focus on addiction-related disorders to Alcohol Use (AUD), today announced that they have initiated a larger behavioral addiction study of ketamine as a treatment for gambling disorder. Awakn announced on May 19, 2022 that the company had completed successful pilot study on a range of behavioral addictions. On May 26, 2022, Awakn announced the filing of a Patent Cooperation Treaty (PCT) for the treatment of behavioral addictions with ketamine and ketamine-assisted psychotherapy.

The larger study announced today will include 42 patients with gaming disorder and will see participants undergo a memory reactivation procedure, designed to weaken the link between reward and addiction memories. The largest placebo-controlled study will be the first worldwide investigation to explore this technique for treating gambling disorder.

The study will use advanced EEG (electroencephalography) brain imaging technology and index synaptic plasticity after ketamine administration with the aim of identifying the window of greatest neuroplastic change. This would potentially allow Awakn to predict when therapy will be most effective due to neuroplasticity. The study will also collect detailed pharmacokinetic (PK) data and analyze metabolites as well as review neurological biomarkers.

Awakn CEO Anthony Tennyson commented, “Awakn is dedicated to helping those suffering from addiction, and we are very excited about the significant research and development milestones we have achieved in recent weeks. None of this would be possible without Awakn’s dedication. team and I would like to formally thank them and everyone involved, including patients, doctors and caregivers.”

Gaming disorder affects up to 450 million people[1] people globally. In the United States alone, it is estimated that more than 2.5% of the population suffers from gambling disorders, or more than 8 million people.2. In the absence of pharmacological treatments currently available, the need to find an effective treatment has never been more acute.

About Awakn Life Sciences Corp.

Awakn Life Sciences is a biotechnology company that researches, develops and commercializes combination therapies to treat addiction, with a focus on alcohol use disorders. The Awakn team is made up of renowned research experts, world-renowned chemists, scientists, psychiatrists and psychologists. Drug addiction is one of the greatest unmet medical needs of our time, affecting over 20% of the world’s population and is an industry valued at over $100 billion a year. Awakn is working to disrupt this underperforming industry by advancing the next generation of drugs and therapies for use in combination, through preclinical research and clinical trials.

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This press release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as “forward-looking statements”). Forward-looking statements reflect current expectations or beliefs regarding future events or the future performance of the Company. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is planned”, “budget”, “expected”, “estimates”, “continues “, “expects”, “plans”, “predicts”, “intends”, “anticipates”, “targets” or “believes”, or variations of, or the negatives of, such words and expressions or state that certain actions, events or results “may”, “could”, “should”, “should”, “could” or “will” be taken, occur or be carried out, including statements relating to the activities of the Company All forward-looking statements, including those contained herein, are qualified by this cautionary statement.

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Investors are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking information. For further information on the Company, investors are encouraged to consult the Company’s public filings on SEDAR at www.sedar.com. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities of the Company and Awakn have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Law“) or any state securities law and may not be offered or sold in the United States or to United States persons unless registered under United States securities law and applicable state securities laws securities or an exemption from such registration.

Investor requests:
Anthony Tennyson, CEO, Awakn Life Sciences

Media inquiries:
America and Canada: KCSA Strategic Communications
Anne Donohe

Rest of the world: ROAD Communications
Paul Jarman/Nora Popova

1: Problem gambling around the world: an update and systematic review of empirical research (2000-2015):
2: Help from the North American Foundation for Gambling Addiction: