Blake Insomnia Therapeutics, Inc. (OTCQB: BKIT) is a pharmaceutical company that produces treatments for people suffering from insomnia. Shares of the pharmaceutical company are rallying 14.20%, through afternoon trading on Monday, February 27, 2017. Over the past three months, Blake Insomnia Therapeutics, Inc. has seen average daily volume of 306,329 shares. However, volume of 459,278 shares or dollar volume of $339,865, has already exchanged hands through afternoon trading today.
Shares of Blake Insomnia Therapeutics, Inc. are rallying Monday, after the company announced that it has completed its joint venture agreement with Sajo Consulting LLC. Under the joint venture agreement, the two companies developed oral treatments for insomnia, which is called Zleepax. Here is the press release detailing of the joint venture agreement completion:
Blake Insomnia Therapeutics, Inc. Press Release:
NEW YORK, Feb. 25, 2017 (GLOBE NEWSWIRE) — Blake Insomnia Therapeutics, Inc. (BKIT) and Sajo Consulting LLC are pleased to announce completion of a joint venture agreement for the development and commercialization of a series of oral drug products to aid in the treatment of insomnia. The joint venture intends to develop products to treat transient insomnia using Blake’s proprietary Zleepax™ formula.
Clinical trials are planned for Q2 2017 pending approval of a New Drug Application in Canada with US and International submissions to follow later.
Sajo Consulting LLC
Sajo designs solutions and strategies in getting products to market faster and smarter. Their research, scientific, regulatory and operational team puts best practice standards to work while building innovative solutions for constantly evolving industries.
Blake Insomnia Therapeutics, Inc.
Blake is a New York-based pharmaceutical company devoted to improving night-time and daytime quality of life for people with insomnia. The company’s patent-pending ZLX-1 compound has demonstrated efficacy without producing the side effects identified as the No. 1 problem with current sleep medication. The ZLX-1 compound is marketed under the brand name, Zleepax™.
Please visit www.blakeinsomnia.com to learn more about the company, management and the ZLX-1 compound.
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