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MIRA
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MIRA Pharmaceuticals Signs Binding Letter of Intent to Acquire SKNY Pharmaceuticals, Securing a $5 Million Capital Infusion to Advance Weight Loss and Smoking Cessation Drug Development

1. MIRA announced acquisition of SKNY Pharmaceuticals, enhancing drug pipeline significantly. 2. The deal includes a $5 million investment to support SKNY-1 development.

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FAQ

Why Bullish?

The acquisition of SKNY Pharmaceuticals strengthens MIRA's product offerings, enhancing growth potential. Historical acquisitions that expanded drug pipelines typically resulted in positive stock performance, bolstering investor confidence.

How important is it?

The strategic acquisition impacts MIRA's future growth and market position, signaling potential for revenue increase, which is critical for investors.

Why Long Term?

The benefits from the SKNY acquisition may not materialize until further clinical developments occur, aligning with the long-term timeline typical in pharmaceutical pipelines.

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SKNYPTNAXSM
Strategic acquisition expands MIRA's pipeline with SKNY-1, a next-generation oral therapeutic targeting the two leading causes of preventable death-obesity and smoking. MIAMI, FL / ACCESS Newswire / March 24, 2025 / MIRA Pharmaceuticals, Inc. (NASDAQ:MIRA) ("MIRA"), a clinical-stage pharmaceutical company developing breakthrough therapeutics for neurologic and neuropsychiatric disorders, announced today that it has signed a binding letter of intent (LOI) to acquire SKNY Pharmaceuticals, Inc. The transaction includes a $5 million capital infusion-comprised of cash or equivalent consideration-into MIRA, reinforcing its financial position and supporting the advancement of SKNY-1, a preclinical-stage oral drug candidate for weight loss and smoking cessation.

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