THC Global Group Ltd (ASX:THC) has been as much as 18% higher on confirmation that its first Australian-produced medicinal cannabis product is now available for prescription to Australian patients under Australias existing Special Access Schemes.
Full-spectrum medicines are in high demand for prescribers and patients seeking benefit of minor cannabinoids, terpenes and flavonoids which may provide different therapeutic outcomes.
The product is manufactured from cannabis plant material cultivated at THC Globals Bundaberg facility.
"A real milestone"
THC Global chief executive officer Ken Charteris said: “Getting our wholly Australian medicinal cannabis product to be available for prescribing by Australian doctors is a real milestone for THC Global.
“We look forward to increasing the number of Australian patients able to access medicinal cannabis medicines by providing an affordable medicine and supporting both patients and prescribers in the legal and safe use of these products.”
Shares were as much as 18% higher to 39 cents and are up from 19.5 cents at close on March 30.
The full-spectrum cannabidiol (CBD) medicine launched under the Canndeo brand has been produced entirely in Australia using cannabis sourced from the Bundaberg cultivation facility and manufactured at the companys Southport Facility.
This facility is fully licensed by the Therapeutic Goods Administration (TGA) as meeting Good Manufacturing Practice (GMP) – enabling future export of these products as EU GMP medicines.
The companys medical and clinical affairs team, CanndeoCare, will support doctors, pharmacists and other healthcare professionals in the prescription of these medicines.
They are equipped to provide expert advice and guidance on the technical and medical aspects of medicinal cannabis patient management.
Additionally, Tetra Health, the companys recently acquired clinic network, will enable its network of referring and prescribing physicians to access this new medicine.
Canndeos CBD medicine now available for prescription.Read More – Source