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09/03/17
10:27
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Originally posted by jeans_sammy
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BOT - No brainer at such market cap while much more advanced to generate revenue earlier than some of cannabis going bunta currently.
Like this from latest announcement about patented Permetrex: "Botanix announced an expansion of its license to use Permetrex in early February, thereby enabling the Company to use the delivery technology for a much wider range of drugs already approved by the FDA, as well as new drugs for treating skin disease. Some of the new patent applications are aimed at protecting new formulations of currently approved actives, which can potentially be developed quickly and commercialised without the need to submit the new products for regulatory agency approval. Botanix plans to undertake limited early stage development work on some of these products opportunities in the coming months."
So Now Three Great Drugs that could be used to make multiple products
Initial Product: – BTX 1503 for acne
Drug active: – synthetic cannabidiol
Drug delivery system: – Permetrex™
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Agree out of most these Marijuana plays i do like this one, has all the right ingredients for near term cash flow. I remember watching a presentation by the owner of the company before the did the RTO back last year, it was very impressive.