“We are extremely honoured to have been chosen by the University Medical Center Groningen, a top 100 ranked university in the world, to conduct several research studies on the effects of various formulations of cannabinoids,” commented
“Medcolcanna’s strategy is to become a leading pharmaceutical company that is at the forefront of providing medical cannabis innovation and production worldwide. By developing precise formulations, and differing methods of administration, we can maximize the effectiveness of each treatment for the patient. All of our protocols and studies will meet the stringent requirements of entities such as the
University Medical Center Groningen
- Ranked among the top 100 universities in the world
- Hosts 1,000 medical doctors, 800 residents, 1,400 beds, and patient admissions of 34,600 per year
- Consultations of 815,300 cases and employs 12,000 staff
- One of the largest educational hubs in the EU
Multi centre cross-disease randomized placebo-controlled double-blinded parallel clinical trial will study the personalized efficacy and adverse effects of cannabinoids in human diseases
In collaboration, Medcolcanna and the UMCG will design the study protocols for the clinical trials for each disease. Each party will retain sole ownership of their existing intellectual property and new intellectual property will be based on each party’s contribution. The UMCG is willing to transfer its potential rights on production, marketing, and distribution of the products to Medcolcanna under fair and reasonable conditions.
In addition, Medcolcanna will provide to the UMCG all formulations (ingredients, dosing, and form) to be trialed. All formulations will be trialed during research conducted by medically licensed doctors in all countries agreed upon with the UMCG.
Medcolcanna has agreed to pay approximately
The research will be comprised of four project phases and is expected to be conducted from
The 12 fields of study consist primarily of the following disease conditions:
- Rheumatoid Arthritis
- Crohn’s Disease
- Neuropathic Pain
- Menstrual Pain
Appointment of Advisor
Medcolcanna has appointed Mr.
Mr. Kanter has managed global drug products clinical and commercial supply chains, and he has extensive regulatory experience globally including the
“We are very pleased to have James on board as we enter a new phase of rapid development with our clinical trial programs. His deep knowledge of worldwide regulatory processes will be invaluable to us as we commercialize our products,” commented Mr. de la Vega.
In addition, on
Medcolcanna is focused on the healthy, sustainable, and profitable expansion of medical cannabis around the world. The partnership with the UMCG, the appointment of Mr. Kanter, and the purchase of ICP are in line with that goal, and the Company looks forward to updating the market on the progress of these initiatives.
Issuance of Options
The Company has also issued options exercisable into a total of 700,000 common shares in the capital of the Company to the most recent appointee to the board of directors of the Company, Mr.
Medcolcanna is a Canadian integrated medical cannabis Company, whose fully-licensed operations are based in
Medcolcanna employs state of the art organic agricultural technology and innovative pharmaceutical processes to produce high-quality products. The Company’s scalable production model and network of pharmaceutical partnerships globally ensures that they remain at the forefront of the medical cannabis industry.
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Additional information about Medcolcanna can be found on its web site at www.medcolcanna.com.
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This news release contains “forward-looking information” and “forward-looking statements” (collectively,“forward-lookingstatements”)withinthemeaningoftheapplicableCanadiansecurities legislation. All statements, other than statements of historical fact, are forward-looking statements andare based on expectations, estimates and projectionsatthedateofthisnewsrelease.Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections,objectives,assumptions,futureeventsorperformance(oftenbutnotalwaysusing phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variationsofsuchwordsandphrasesorstatingthatcertainactions,eventsorresults“may”or “could”,“would”,“might”or“will”betakentooccurorbeachieved)arenotstatementsofhistorical factandmaybeforward-lookingstatements.Forward-lookingstatementsarenecessarilybaseduponanumberof estimates and assumptions that, while considered reasonable, are subject to known andunknown risks,uncertainties,and other factors which may cause the actual results and future events to differmaterially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties;and the delay or failure to receive board,shareholder or regulatory approvals. Without limiting the generality of the foregoing, this news release includes disclosure regarding anticipated timing and process of conducting clinical trials for the efficacy of cannabinoids on various medical ailments. There canbenoassurancethatsuchstatementswillprovetobeaccurate,asactualresultsandfuture eventscoulddiffermateriallyfromthoseanticipatedinsuchstatements.Accordingly,readersshould notplaceunduerelianceontheforward-lookingstatementsandinformationcontainedinthisnews release.
Source: Medcolcanna Organics Inc.