RE: Price target28 Sep 2022 18:53
On the flip side to many of the negative posts that have appeared on here today - & to be fair - MGC has delivered impressive clinical & preclinical results in areas such as inflammatory diseases, Covid, cognitive disorders & brain cancer. That is really good news for such a small / new company. They clearly have some behind the scenes issues to resolve but as far as the science goes MGC is making significant headway. See below:
* Preliminary results from a pre-clinical in-vitro study into CimetrATM’s method of action in inhibiting cytokine
production indicates that CimetrATM moderates the body’s release of pro-inflammatory cytokine related to
indications such Rheumatoid Arthritis, Inflammatory bowel disease, Asthma, Psoriasis and Chronic
obstructive pulmonary disease.
* Commenced CimetrATM Phase IIb Clinical Study to determine the most effective concentrations of the active
ingredients for dosage, and further validate the anti-inflammatory and immune modulating effects of the
product. Completed CogniCann® phase II Clinical Trial on patients with dementia & Alzheimer’s disease
during the year, with trial results demonstrating the ability of CogniCann® to inhibit the deterioration in the
behaviour of patients with dementia.
* Completed Pre-clinical in-vitro Glioblastoma research study, with published final results which demonstrate
that MGC Pharma’s proprietary formulations were cytotoxic to Glioblastoma tumour & stem cells,
reducing the cells’ viability and inducing caspase-dependent cell apoptosis (or cell death).
* Commenced Clinical Study into the efficacy of MGC Pharma’s ArtemiC Support® in improving the functional
status & symptomatology in patients suffering with Long COVID. Positive Study results were published in
July 2022 indicate that ArtemiC Support® is effective in reducing Long COVID symptoms, including Dyspnea,
Cough, Asthenia, Headache and Mental Confusion.
* Construction of Maltese GMP commercial production facility completed, & GMP certification audit
process commenced in Q3 2022.
* MGC Pharma delivers Swiss PharmaCan’s ~A$1,000,000 order of ArtemiCTM in November 2021.
* Record year on year sales of phytocannabinoid products in FY 22, with 17.9K units sold worldwide,
amounting to ~$2.7million in revenues.
*US Sales and Distribution Agreement signed with AMC Holding Inc.
*2022 delivered a year of significant business growth, with strong sales amounting to ~$4.6million for the
Group, being an increase of 56.84% from the previous year. Sales of ArtemiCTM together with the
Company’s phyto-cannabinoid medicine products ($2.7m) drove the major sales growth and record
revenue result for the financial year, and consulting services provided by its wholly owned subsidiaries
MedicaNL and Medicinal Cannabis Clinics (MCC) . The Company also completed or advanced a number of
critical clinical trials during the year as set out in the Review of Operations below, which is evidenced with
$2million incurred on R&D ac