TEL AVIV, Israel and BETHESDA, Maryland, Aug. 20, 2020
Cannabics Pharmaceuticals Inc. (OTCQB: CNBX), a leader in personalized cannabinoid medicine focused on cancer and its side effects, announced today that it is establishing a dedicated division for the development of its Antitumor Drug Candidate RCC-33 for the treatment of colorectal cancer.
SYNERGISTIC INTERACTION OF CANNABICS™ RCC-33 ON
The announcement comes as the company is gearing up to expand its clinical validation efforts for its RCC-33 formula, and is already preparing a plan for the next steps in its clinical validation path, including in-vivo experiments, collaborations with key medical centers, and the preparation of a product dossier with which the company plans to schedule a Pre IND Meeting with the FDA.
Eyal Barad, Cannabics’ CEO commented: “The development of our drug candidate for the treatment of colorectal cancer based on our novel and proprietary formulation RCC-33 has become a central strategic activity for the company. Up until now we have conducted various POC experiments in our in-house drug discovery facility, and at this time, the company has decided to establish a dedicated division to centralize, coordinate and lead all aspects of the development of its drug candidate going forward. Our Scientific Advisory Board Member Dr. Erez Scapa has accepted the position of Medical Director for the new RCC-33 division and assist the company in its forthcoming plans for clinical validation. This is indeed exciting news for the company.”
Dr. Erez Scapa commented: “I thank the company for their trust and am looking forward for the opportunity to drive a comprehensive clinical validation plan for the company’s drug candidate RCC-33 for colorectal cancer. As a gastroenterologist, I am aware that currently over 65% of treated colorectal cancer patients survive for 5 years or more in the US. While we are still in the early stages of a long and challenging path, the mere possibility to demonstrate even a modest positive impact for these patients, gets me excited and motivates me to undertake the challenges ahead.”
About Cannabics Pharmaceuticals
Cannabics Pharmaceuticals Inc. (OTCQB: CNBX) is a U.S public company that is developing a platform that leverages novel drug-screening tools to create cannabinoid-based therapies for cancer that are more precise to a patient’s profile. By developing tools to assess effectiveness on a personalized basis, Cannabics is helping to move cannabinoids into the future of cancer therapy. The Company’s R&D is based in Israel, where it is licensed by the Ministry of Health to conduct scientific and clinical research on cannabinoid formulations and cancer. For more information, please visit www.cannabics.com. For the latest updates on Cannabics Pharmaceuticals follow the Company on Twitter @Cannabics, Facebook @CannabicsPharmaceuticals, LinkedIn, and on Instagram @Cannabics_Pharmaceuticals.
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