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Protagenic Therapeutics ( (PTIX) ) has issued an announcement.
On May 15, 2025, Protagenic Therapeutics entered into a Share Exchange Agreement with Alterola Biotech and Phytanix Bio, resulting in the acquisition of Phytanix Bio’s shares. The transaction, completed on May 16, 2025, involves Protagenic issuing shares of common and preferred stock to Phytanix shareholders, forming a combined entity focused on neuropsychiatry and CNS disorders. This merger is expected to enhance Protagenic’s pipeline with new CNS programs and diversify its assets, integrating expertise from Phytanix’s team, which has experience with notable pharmaceuticals like Sativex and Epidiolex.
Spark’s Take on PTIX Stock
According to Spark, TipRanks’ AI Analyst, PTIX is a Underperform.
Protagenic Therapeutics faces significant financial difficulties, with no revenue and persistent losses. Technical indicators suggest weak market momentum, and the company’s valuation is unattractive due to negative earnings. These factors collectively result in a low overall stock score, reflecting substantial risks and challenges.
To see Spark’s full report on PTIX stock, click here.
More about Protagenic Therapeutics
Protagenic Therapeutics, Inc. is a company pioneering peptides for stress-related disorders, focusing on the development of neuroactive biopharmaceuticals. Phytanix Bio Inc. specializes in developing medicines from cannabinoid and ‘cannabinoid-like’ molecules.
Average Trading Volume: 461,230
Technical Sentiment Signal: Sell
Current Market Cap: $1.78M
For detailed information about PTIX stock, go to TipRanks’ Stock Analysis page.