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Solvonis Therapeutics Marks Milestone with AGM Success and Strategic Acquisition

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Solvonis Therapeutics Marks Milestone with AGM Success and Strategic Acquisition

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Graft Polymer (UK) PLC ( (GB:SVNS) ) has shared an update.

Solvonis Therapeutics plc announced the successful passage of all resolutions at its Annual General Meeting, marking a significant milestone in its growth trajectory following the acquisition of Awakn Life Sciences. This acquisition positions Solvonis as a leading innovator in precision neuropsychiatric therapeutics, with a robust pipeline targeting complex conditions such as alcohol use disorder and PTSD. The company is focused on operational efficiency, capital deployment, and preparing its lead programs for Phase 3 readiness and partnerships, aiming to transform the treatment landscape for substance use and treatment-resistant mental health disorders across Europe and beyond.

More about Graft Polymer (UK) PLC

Solvonis Therapeutics plc is a clinical-stage biopharmaceutical company focused on developing novel medicines for addiction and mental health disorders. Based in London and listed on the London Stock Exchange, Solvonis targets high-burden neuropsychiatric conditions with significant unmet needs, including Alcohol Use Disorder and Post-Traumatic Stress Disorder. The company employs a dual development strategy, leveraging a proprietary CNS compound library and an AI-supported discovery platform to expand its R&D pipeline.

Average Trading Volume: 48,073,029

Technical Sentiment Signal: Hold

Current Market Cap: £10.64M

For an in-depth examination of SVNS stock, go to TipRanks’ Overview page.

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