NLS Pharmaceutics Ltd (NLSP)

NLS Pharmaceutics AG Stock (NLSP) dropped by 34.44% from $0.4881 to $0.32 in the trading on Thursday November 16, 2023. The reasons why NLSP stock down today is due to the strategic alternatives announcement. The company announced it is pursuing strategic alternatives to boost shareholder value. These measures include exploring partnerships, licensing intellectual property, and implementing cost-cutting measures. NLS Pharmaceutics aims to diversify revenue, extend cash reserves, and streamline operations while maintaining its commitment to innovation and quality. The company's CEO remains confident that these initiatives will strengthen its position as a leader in therapies for complex nervous system disorders.