Cannabics Pharmaceuticals Inc. (OTCQB: CNBX), a leader in personalized cannabinoid medicine focused on cancer and its side effects, announced today that the Israeli government has granted final approval for the export of medical cannabis and products into international regulated markets such as the European Union (EU), Canada and Australia.
Cannabics Pharmaceuticals High Throughput Screening (HTS) Facility in Rehovot, Israel
The new regulation will allow export of GMP certified cannabis products under the Cannabics™ brand, such as Cannabics™ SR formulation.
Cannabics™ SR formulation has been tested as a palliative treatment to improve loss of appetite and loss of weight in advanced cancer patients suffering from Cancer Anorexia-Cachexia Syndrome (CACS). The formulation was developed and clinically tested at the RAMBAM Medical Center in Haifa, Israel. Results of the clinical trial can be found here.
Cannabics Pharmaceuticals is licensed by the Ministry of Health in Israel to conduct Research and Development in Cannabinoid based medicine. The company operates a High Throughput Screening (HTS) Facility in Rehovot, Israel, focused on cancer drug discovery.
In a statement, the Israeli Minister of Economy and Industry, said: “This is a significant step for exporters and the Israeli industry, which will enable both expansion of export opportunities in the industry as well as increasing employment in the field, especially in light of the worldwide demand for medical cannabis products from Israel.”
Mr. Gabriel Yariv, Cannabics’ President and COO, said: “This is exciting news for the entire industry, but also specifically for us as an American pharmaceutical company with R&D operations in Israel. We are already evaluating the opportunities made possible by the new regulation, allowing high quality Israeli pharmaceutical products to compete on the global medical cannabis marketplace.”
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.cnbxpharma.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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