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The Markets
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Pharma & Biotech

Zelda Therapeutics reflects on busy December half

The company’s cash at bank was $4.41 million at the end of the 2018 calendar year.

Zelda Therapeutics Ltd (ASX:ZLD) has made significant progress in its strategy to grow its business in the December half of 2018.

The company’s focus remains on the development of novel cannabinoid-based therapies for a range of diseases.

READ: Zelda Therapeutics on track to report on multiple clinical trials

Zelda is undertaking a human clinical trial program focused on insomnia, autism and opioid reduction with activities in Australia and the US.

Pre-clinical research activities include programs examining the effect of cannabinoids in breast, brain and pancreatic cancer as well as research examining the potential for cannabinoids to treat diabetes-associated cognitive decline.

Zelda also formed a strategic partnership with European medicinal cannabis group HAPA Medical BV, to access HAPA’s EU-GMP grade manufacturing capabilities and accessing its German distribution network

READ: Zelda Therapeutics links up with International Cannabis and Cannabinoids Institute

Proactive spoke to Zelda’s managing director Dr Richard Hopkins about their vertically integrated strategy in December 2018.

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