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PreveCeutical Medical gets first Aurora cannabis shipment

Last updated: 12:38 29 Mar 2018 BST, First published: 11:38 29 Mar 2018 BST

cannabis plants
The firm said it had received the first shipment of dried cannabis flower and oils

PreveCeutical Medical Inc (CSE:PREV, OTCQB:PRVCF) said it had received the first shipment of dried cannabis flower and oils from Aurora Cannabis, which means soluble gel (Sol-gel) delivery testing can now start.

As revealed earlier this month, the firm, in a major milestone, had received the key permits to allow this material to be imported into Australia by the  cannabis major.

It will be used for the group's research led by Preveceutical's chief research officer Dr Harendra Parekh at the University of Queensland.

"Testing of the imported cannabis strains in the application of soluble gel (Sol-gel) drug-delivery technology to cannabinoids is now expected to commence," said the firm in a brief statement.

"The purpose of the testing will be to develop therapies for relief from a range of symptoms, including pain, inflammation, seizures and neurological disorders."

The advantages of Sol-gels over conventional liquid nasal sprays include reduced dosage requirements, and reduced irritation and other negative side effects.

Shares in the group shed 1.35% to stand at C$0.36 each.

PreveCeutical Medical making key advances with its Sol-gel program

Dr Harry Parekh, chief research officer for PreveCeutical Medical Inc (CSE: PREV, OTCQB: PRVCF), tells Proactive's Andrew Scott they've hit a number of key milestones with their Sol-gel program. He says they've now successfully optimised the conditions for extracting cannabinoids from one...

on 10/9/18