See also: iX Biopharma secures licence to manufacture cannabis in Australia
Together with Cannatrek, the group will commence supply and distribution activities of Xativa, its proprietary medicinal CBD (cannabidiol) sublingual wafer, to pharmacies across Australia.
Xativa will be prescribed by medical practitioners to patients via the Special Access Scheme and Authorised Prescriber pathway administered by the Therapeutic Goods Administration (TGA) of Australia.
“Built upon the novel and patented WaferiX technology, Xativa, through its unique and superior sublingual dosage form, is well-positioned to disrupt the current market of medicinal cannabis products,” says Tommy Huppert, CEO of Cannatrek.
“Patients are now more knowledgeable about the advantages of sublingually administered cannabis medicines in increasing bioavailability and improving patient outcomes,” says Eva Tan, director of Corporate and Commercial Strategy at iX Biopharma.
“We are confident that our sublingual technology, which is clinically proven and widely used across our pharmaceutical and nutraceutical product portfolio, will allow us to better serve patient need and expectation,” she adds.
Shares in iX Biopharma closed 8 cents lower, or 24.6% down, at 24.5 cents on Tuesday.
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