DMKPQ Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: December 06, 2023

Report Source: 2023 3rd Quarter Report

DMK Pharmaceuticals Corp

DMK Pharmaceuticals Corp. Stock Analysis DMKPQ

United States Health Care Nano Cap Report:
DMK Pharmaceuticals Corp. is a biopharmaceutical company, which engages in the discovery, development, and sale of pharmaceutical, specialty biopharmaceutical, and other drug products. The company is headquartered in San Diego, California and currently employs 11 full-time employees. The firm is focused on developing and commercializing products for the treatment of opioid overdose and substance-use disorders. Its ZIMHI (naloxone) is FDA approved for the treatment of opioid overdose. The company is focused on developing novel therapies for opioid use disorder (OUD) and other important neuro-based conditions where patients are currently underserved. Its technologies are at the forefront of endorphin-inspired drug design with its mono, bi-, and tri-functional small molecules that simultaneously modulate critical networks in the nervous system. The company has a library of approximately 750 small molecule neuropeptide analogues and a differentiated pipeline. The Company’s lead clinical-stage product candidate, DPI-125, is being studied as a treatment for OUD. Its other development stage product candidates include DPI-221 for bladder control problems and DPI-289 for severe end stage Parkinson’s disease.
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  • According to Musaffa’s Shariah screening methodology, DMK Pharmaceuticals Corp (DMKPQ) is currently classified as NOT HALAL as of December 2023. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.

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