MGC Pharmaceuticals Ltd
MGC Pharmaceuticals Ltd (ASX:MXC) is listed on the Australian Securities Exchange.
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MGC Pharma higher as ArtemiC Phase II clinical trial on COVID-19 patients meets all primary and secondary endpoints

MGC Pharmaceuticals Ltd's (ASX:MXC) (OTCMKTS:MGCLF) (FRA:H5O) Phase II double-blind, placebo-controlled clinical trial for anti-inflammatory treatment ArtemiC, based on Swiss PharmaCan AG MyCell EnhancedTM delivery system technology, on those diagnosed with COVID-19, has met all the Phase II primary and secondary endpoints and demonstrated to improve the clinical recovery of the patients.
The European-based biopharma company specialising in the production and development of phytocannabinoid-derived medicines is now in a strong position to respond to a significant potential increase in the demand for ArtemiC in the immediate future as a supplement, and in the future as part of a Phase III study.
It plans to develop ArtemiC as a pharmaceutical product and future development as an Investigational Medicinal Product (IMP).
MGC shares have risen as high as 32% to A$0.042 cents in early trading on string volume of more than 136 million, approaching the 12-month high of A$0.043.
Progress immediate opportunities
MGC Pharma co-founder and managing director Roby Zomer said: "The results we have seen from ArtemiC to date provide a transformational opportunity for the company.
"The safety and efficacy demonstrated on COVID-19 patients has now opened the opportunity for a whole range of other indications related to cytokine storm.
"The company will now look to progress the immediate opportunities for ArtemiC while continuing to pursue further clinical developments.


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