RE: 2-3p easy here17 May 2023 10:26
Oxford Cannabinoid (OCTP) announced that the MHRA and the Wales Research Ethics Committee 2 have approved the company’s combined Phase I clinical trial application for OCTP’s lead drug candidate, OCT461201. The company said that getting OCT461201 into the clinic so soon after its listing is a huge achievement and is a fitting testament to the hard work and dedication of both OCTP’s talented team and its external partners, Aptuit (Verona) SRL, a subsidiary of Evotec SE, and Simbec-Orion. It is moving ever closer to achieving its core aim of improving the lives of patients living with debilitating pain, whilst also, ultimately, delivering value for shareholders.
Comment: The nod from the MHRA is a bid deal for OCTP as is of course a Phase 1 trial green light. It is pleasing that one of the big medical crises of our time – pain relief, is set to be treated in a novel way