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MEI Pharma ( (MEIP) ) just unveiled an update.
On September 10, 2025, MEI Pharma announced its rebranding to Lite Strategy, Inc., marking a strategic shift towards digital asset treasury management with Litecoin as its primary reserve asset. The company also changed its NASDAQ ticker symbol from MEIP to LITS, effective September 11, 2025, aligning with its mission to enhance shareholder value and expand access to compliant digital asset exposure.
Spark’s Take on MEIP Stock
According to Spark, TipRanks’ AI Analyst, MEIP is a Neutral.
MEI Pharma’s overall stock score is low, primarily due to significant financial performance challenges and poor valuation metrics. Weak revenue and profitability, declining asset base, and negative cash flow contribute to a fragile financial position. Additionally, technical indicators suggest a bearish trend, further impacting investor sentiment. Without clear guidance or positive corporate events, the stock’s outlook remains unfavorable.
To see Spark’s full report on MEIP stock, click here.
More about MEI Pharma
Lite Strategy, Inc. (NASDAQ: LITS), formerly MEI Pharma, is the first U.S.-listed public company to adopt Litecoin as its primary reserve asset. The company has expanded its business model beyond its portfolio of drug candidates to focus on pioneering institutional-grade digital asset treasury strategies, partnering with leading innovators in blockchain, finance, and technology.
Average Trading Volume: 1,369,308
Technical Sentiment Signal: Sell
Current Market Cap: $98.51M
For an in-depth examination of MEIP stock, go to TipRanks’ Overview page.