RGT 3.57% 29.0¢ argent biopharma limited

Ann: CannEpil Authorised to Commence Australian Sales, page-2

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    CannEpilTM available for Australian supply under Authorised Prescriber Scheme

    First commercial-scale production and material revenues to commence from
    MXC Investigational Medicinal Product (IMP)

    • MXC’s Medicinal Cannabis based IMP, CannEpilTM is now available for supply in
    Australia under the Authorised Prescriber Scheme

    • Authorisation has been granted by the TGA to specialist prescribers who are now
    authorised to supply CannEpilTM to patients in Australia

    • Authorisation follows recent Human Research Ethics Committee endorsement
    from St Vincent’s Hospital Melbourne for the use of CannEpilTM in the treatment
    of adult patients with drug-resistant epilepsy

    • Represents a major milestone for MXC, validating and confirming its seed-topharma
    strategy with the start of commercial supply of its first IMP offering

    • The Company expects this to initially generate $1 million in annualised revenue
    from the initial base of approximately 100 patients

    • CannEpilTM is expected to be available for supply in Australia by December 2018
 
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